Lumax Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 09, 2023 at 05:43 am EST
Share
Lumax Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 5,794.22 million compared to INR 4,352.86 million a year ago. Revenue was INR 5,807.41 million compared to INR 4,385.78 million a year ago. Net income was INR 295.42 million compared to INR 67.78 million a year ago. Basic earnings per share from continuing operations was INR 31.6 compared to INR 7.25 a year ago.
For the nine months, sales was INR 17,114.21 million compared to INR 12,019.42 million a year ago. Revenue was INR 17,216.16 million compared to INR 12,118.05 million a year ago. Net income was INR 823.31 million compared to INR 122.05 million a year ago. Basic earnings per share from continuing operations was INR 88.08 compared to INR 13.06 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.