Lumax Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 11, 2022 at 02:29 pm IST
Share
Lumax Industries Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 6,200.64 million compared to INR 4,526.55 million a year ago. Revenue was INR 6,240.06 million compared to INR 4,569.76 million a year ago. Net income was INR 329.68 million compared to INR 153.32 million a year ago. Basic earnings per share from continuing operations was INR 35.27 compared to INR 16.4 a year ago.
For the six months, sales was INR 11,319.99 million compared to INR 7,666.56 million a year ago. Revenue was INR 11,408.75 million compared to INR 7,732.27 million a year ago. Net income was INR 527.89 million compared to INR 54.27 million a year ago. Basic earnings per share from continuing operations was INR 56.47 compared to INR 5.81 a year ago.
Lumax Industries Limited is an India-based provider of automotive lighting solutions. The Company is engaged in the manufacturing and trading of automotive components. The Company's wide range of product portfolio include end-to-end lighting solutions, such as headlamps, tail lamps, fog lamps, and other lighting components and auxiliary lamps, among others. In addition to lighting products, it also manufactures electronic components for 4-wheelers, 2-wheelers, commercial vehicles, and tractors in the farm equipment segment (FES). The Company sells mainly through business to business (B2B) model to original equipment manufacturers (OEMs). The Company caters to automobile manufacturing in Indian and global markets. The Company, including its associate company, SL Lumax Limited, has 11 manufacturing facilities that are spread across six states in India. Its subsidiary is Lumax Industries Czech s.r.o.