Lumax skyrockets ~15% on clocking 197% yoy growth in PAT for FY22

25 May 2022 , 10:59 AM

Lumax Industries Limited, a leader in automotive Lighting and illumination today announced its audited Financial Results for the quarter and year ended March 31, 2022.

The company has posted a revenue of Rs549 crore in Q4FY22 as compared to Rs504 crore in Q4FY21, up by 9% yoy. Revenue for FY22 stood at Rs1,751 crore as compared to Rs1,426 crore in FY21, registering a growth of 23% yoy.

EBITDA for Q4FY22 witnessed a marginal decline of 7% yoy at Rs61 crore as compared to Rs65 crore in Q4FY21. While EBITDA for the financial year ended March 31, 2022, witnessed a jump of 19% yoy at Rs148 crore as compared to Rs125 crore in the previous financial year.

The company’s PAT for the quarter under review increased sharply by 49% yoy at Rs36.09 crore as compared to Rs24.29 crore in the previous corresponding quarter. For FY22, PAT jumped 197% yoy at Rs54 crore as compared to Rs18 crore in FY21.

During the quarter, the Company also commenced the commercial production of automotive electronic components at its new manufacturing plant situated at Bawal, Haryana on January 12, 2022.

The Company has also commenced commercial production at its New Sanand plant situated in Gujarat on March 29, 2022.

At around 10.57 AM, Lumax Industries was trading at Rs1,035.20 up by Rs134.55 or 14.94% from its previous closing of Rs900.65 on the BSE. The scrip opened at Rs969 and has touched intraday high and low of Rs1,078.60 and Rs969 respectively so far.