Lux Industries' stock spikes 7% post Q3 FY22 results

4 Feb 2022 , 10:10 AM

Lux Industries Ltd. announced its results for the quarter ended December 2021 and has reported robust performance for the quarter ended December 2021.

Lux reported revenue of Rs 668.01 crore for Q3 FY’22 as against Rs 539.79 crore for Q3 FY’21, reporting growth of 24% YoY. Its revenue for the 9M period ended December 2021 was reported at Rs 1791.96 crore as against Rs 1363.55 crore for the previous 9M period, reflecting a growth of 26% YoY.

Lux Industries is currently trading at Rs3,115 up by Rs209.95 or 7.23% from its previous closing of Rs2,905.05. The scrip opened at Rs2,949.25 and has touched day’s high and low of Rs3,183.40 and Rs2,940.05 respectively.

The company’s EBITDA stood at Rs 145.24 crore for December 2021 quarter, as against Rs 109.02 crore for the previous corresponding quarter, up by 33% YoY. While EBITDA for the 9M period ended December 2021 was 43% higher at Rs 377.20 crore against Rs 263.73 crore for the previous 9M period. EBITDA margin for Q3 FY’22 reported at 21.74% against 20.20%, gaining 154 bps.

Company’s PAT for the 9M period ended December 2021 stood at Rs 101.20 crores as against Rs 75.20 crore for the corresponding 9M period, reflecting a growth of 35% on-year. PAT for the 9M period ended December 2021 turned out to be Rs 264.96 crore as against Rs 178.74 crore for the 9M period ended December 2020, up by 48% YoY.

Its PAT margin for the quarter ended December 2021 stood at 15.15% against 13.93% in Q3 FY’21, up by 122 bps. PAT margin for the current 9M period was reported at 15.41% against 13.11% for the previous 9M period.

Company’s overall growth led by premium category @ 53%, well supported by mid-premium range with a growth of 19%.

Commenting on the results and way forward, Mr. Saurabh Bhudolia, CFO said, “The company has posted robust performance for the quarter and nine months ended December 31, 2021. We are pleased to report that the growth was not achieved at the expense of a discounted profitability. EBITDA margin for the quarter and nine months ended December 2021 strengthened by 154 bps and 259 bps Y-o-Y respectively. Interestingly, the reported growth in revenues and profitability was driven by the Company’s presence across all the geographies in the country and increased share of value-added products.