Lumax Auto reports 17% yoy growth in revenue at Rs428cr; Stock plunges 5%

10 Feb 2022 , 09:39 AM

Lumax Auto Technologies Ltd., a leading full-service provider in Automotive Components Industry, announced its consolidated un-audited financial results for the quarter and nine months ended 31* December 2021.

Its consolidated revenue from operations for December 2021 quarter stood at Rs428cr as against Rs365cr for December 2020 quarter, up by 17% yoy. Revenue for the 9M period ended December 2021 stood at Rs1091cr against Rs720cr for the previous 9M period, increasing 52% yoy.

Its EBITDA for Q3 FY’22 was reported at Rs48cr against Rs43cr for Q3 FY’21, increasing 12% yoy. EBITDA for the 9M period ending December 2021 was Rs114cr against Rs67cr for the 9M period ending December 2020, up by 70% yoy.

Its PAT for the quarter ended December 2021 stood at Rs22cr against Rs23cr for the quarter ended December 2020, a decline of 7% yoy. PAT for the 9M period ending December 2021 stood at Rs48cr against Rs26cr for the previous 9M period, increasing 85% yoy.

The company’s PBT stood at Rs35cr for December 2021 quarter, as against Rs31cr for the previous corresponding quarter, up by 13% yoy. While its PBT surged by 131% yoy at Rs80cr for 9M ended Q3 FY’22 as against Rs34cr for the corresponding 9M period.

EBITDA margin reported at 11.20% for Q3 FY’22 as against 11.70% for Q3 FY’21. PAT Margin remained at 5% for the quarter ended December 2021, as against 6.3% in the previous corresponding quarter. PBT Margin settled at 8.3%.

Lumax Auto opened at Rs 197.50 and is currently trading at Rs 188.70, down by Rs9.70 or 4.89% against its previous closing price of Rs198.40.