Lumax Inds hits the roof after Q2 PAT rises 2.2x YoY

11 Nov 2022 , 04:00 PM

Revenue from operations increased by 37%YoY to Rs 620.06 crore during the quarter. Total expenses rose by 34% YoY to Rs 587.49 crore in Q2 FY23, due to higher raw material costs (up 43% YoY), higher other expenses (up 33% YoY) and higher employee expenses (up 17% YoY). Profit before tax in Q2 FY23 stood at Rs 47.86 crore, up by 2.2x from Rs 21.38 crore in Q2 FY22. Lumax Industries is positioned as one of the leading players in the domestic automotive lighting industry with a product portfolio of automotive lighting systems, such as head lamps, tail lamps, sundry and auxiliary lamps. The companys presence spans all segments of the auto sector, viz., passenger four-wheelers, passenger two-wheelers, commercial vehicles, buses, tractors, etc. Powered by Capital Market – Live News