Lumax Industries Ltd., a leading automotive lighting and illumination company, announced strong financial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
Q4FY24 Financial Highlights:
Revenue: ₹743 crore (up 22.1% YoY)
EBITDA: ₹71 crore (up 33.4% YoY)
EBITDA Margin: 9.6%
PAT: ₹36 crore (up 73.8% YoY)
PAT Margin: 4.9%
Final Dividend: ₹35 per equity share (FV ₹10)
FY24 Financial Highlights:
Revenue: ₹2,637 crore (up 13.7% YoY)
EBITDA: ₹242 crore
EBITDA Margin: 9.2%
PAT: ₹111 crore (up 7.7% YoY)
Key Points:
Strong Performance: Lumax Industries experienced significant growth in both revenue and profitability in Q4FY24 and FY24, driven by strong sectoral tailwinds and a focus on improving efficiencies.
New Launches: The company made several new product launches during the quarter, further strengthening its market position.
Awards and Recognition: Lumax Industries received the Electrical Proprietary Commodity Award at the Mahindra Supplier Excellence Awards and a Gold Award for its Annual Report at the Vision Awards.
Business and Customer Update: The company's product mix is diverse, with front lighting, rear lighting, and other products contributing significantly to revenue. Passenger vehicles, two-wheelers, and the aftermarket segment are the major revenue contributors.
Positive Outlook: The company expects the positive momentum to continue in the coming quarters, driven by the growing demand for automotive lighting solutions.
Additional Information:
For a detailed analysis and further insights into Lumax Industries' Q4FY24 and FY24 results, you can refer to the following resources:
Lumax Industries Limited - Q4 & FY24 Consolidated Results: https://www.lumaxworld.in/lumaxindustries/pdf/LILPR31032024revised.pdf
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/lumax-industries-ltd
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