Q3 Results: Shares of automotive component manufacturer Lumax Industries Ltd witnessed a tremendous rise on Tuesday, February 10. After strong December quarter results, the stock jumped 20% to the upper circuit and made a new 52-week high.
After the announcement of results, heavy buying was seen in the shares. Lumax Industries stock closed 20% higher at Rs 6,136.30. The stock is up 83.02% in the last 6 months. At the same time, it has given a return of 165.97% in 1 year.
Strong growth in profits and revenue
Lumax Industries’ net profit for the quarter ended December 31 increased 39.2% year-on-year to Rs 46.5 crore. The profit in the same quarter last year was Rs 33.4 crore.
At the same time, revenue from operations increased by 18.7% to Rs 1,052.7 crore, which was Rs 887 crore a year ago.
Big improvement in operating performance
Lumax Industries also saw a clear improvement in its operating performance during the quarter. EBITDA jumped 59.7% YoY to Rs 111 crore. It was Rs 69.5 crore in the same quarter last year.
EBITDA margin increased from 7.9% to 10.5% due to improved operating leverage, reflecting a strong improvement in profitability.
What is the business of Lumax Industries?
Lumax Industries is a leading automotive component manufacturer. It is part of the Lumax-DK Jain Group. The company supplies lighting systems and other related products to major automobile companies in India.
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