Lumax Auto Technologies Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 22, 2016 at 09:04 pm IST
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Lumax Auto Technologies Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, on consolidated basis, the company reported net sales/income from operations (net of excise duty) was INR 2,179.311 million against INR 2,109.420 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 101.186 million against INR 125.952 million a year ago. Profit from ordinary activities before tax was INR 109.720 million against INR 120.877 million a year ago. Net profit for the period was INR 75.717 million or INR 5.17 basic and diluted per share before and after extraordinary items (not annualized) against INR 82.375 million or INR 5.72 basic and diluted per share before and after extraordinary items (not annualized) a year ago.
For the nine months, on consolidated basis, the company reported net sales/income from operations (net of excise duty) was INR 6,661.909 million against INR 6,305.302 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 386.678 million against INR 367.681 million a year ago. Profit from ordinary activities before tax was INR 402.955 million against INR 577.227 million a year ago. Net profit for the period was INR 276.641 million or INR 18.86 basic and diluted per share before and after extraordinary items (not annualized) against INR 412.581 million or INR 29.21 basic and diluted per share before and after extraordinary items (not annualized) a year ago.
For the quarter, on standalone basis, the company reported net sales/income from operations (net of excise duty) was INR 1,405.485 million against INR 1,363.201 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 54.291 million against INR 65.742 million a year ago. Profit from ordinary activities before tax was INR 47.497 million against INR 57.144 million a year ago. Net profit for the period was INR 30.365 million or INR 2.23 basic and diluted per share before and after extraordinary items (not annualized) against INR 37.941 million or INR 2.78 basic and diluted per share before and after extraordinary items (not annualized) a year ago.
For the nine months, on standalone basis, the company reported net sales/income from operations (net of excise duty) was INR 4,233.888 million against INR 3,951.409 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 197.274 million against INR 189.416 million a year ago. Profit from ordinary activities before tax was INR 181.978 million against INR 405.709 million a year ago. Net profit for the period was INR 118.905 million or INR 8.72 basic and diluted per share before and after extraordinary items (not annualized) against INR 297.577 million or INR 21.83 basic and diluted per share before and after extraordinary items (not annualized) a year ago.
Lumax Auto Technologies Limited is an India-based manufacturer and supplier of automotive molded and fabricated parts, emission and transmission systems for the automotive industry. The Company specializes in designing, testing and manufacturing of gear shifters and interior solutions. The Company has a diversified product portfolio, which comprises integrated plastic modules, two-wheeler chassis, two- and three-wheeler lighting, gear shifters, transmission products, emission systems, seat structures, telematics products and services, oxygen sensors, and on-board antennas, electric devices and components, and aftermarket solutions. This portfolio further encompasses vehicle interior systems and components. The Company has approximately 23 manufacturing plants across India. Its subsidiaries include Lumax Mannoh Allied Technologies Limited, Lumax Comaglia Auto Technologies Private Limited, Lumax Management Services Private Limited and Lumax FAE Technologies Private Limited.
Lumax Auto Technologies Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015