Lumax Industries Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
February 11, 2021 at 02:42 pm IST
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Lumax Industries Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 4,481.306 million compared to INR 3,842.401 million a year ago. Net income was INR 198.194 million compared to INR 188.986 million a year ago. Basic earnings per share from continuing operations was INR 21.2 compared to INR 20.22 a year ago. For the nine months, total revenue was INR 9,309.537 million compared to INR 12,175.624 million a year ago. Net loss was INR 45.508 million compared to net income of INR 555.405 million a year ago. Basic loss per share from continuing operations was INR 4.87 compared to basic earnings per share from continuing operations of INR 59.42 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.