Lumax Auto Technologies shares fall 2% despite 116% rise in Q4 PAT, revenue jumps 54%

The firm clarified that Q4FY24 and FY24 include IAC India Revenue of ₹221 crore and ₹886 crore, respectively and EBIDTA of ₹45 crore and ₹176 crore, respectively.

The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 77% YoY to ₹110 crore while the EBITDA margin expanded by 190 basis points (bps) YoY to 14.5%. The net profit margin came in at 6.8% compared to 4.8% in the corresponding period last year.

In FY24, the company’s net profit grew 50% YoY to ₹167 crore. The consolidated revenue during the financial year was up 53% YoY to ₹2,822 crore. EBITDA for the year grew by 84% YoY to ₹413 crore while the EBITDA margin grew to 14.6% compared to last year’s 12.1%. The net profit margin for the year was marginally lower at 5.9% compared to 6% last year.

The earnings per share (EPS) for FY24 rose 40.13% YoY to ₹19.10.

During FY24, the company’s integrated plastic modules segment contributed 47% to its overall revenue. The aftermarket and the gear shifters segments contributed 14% and 12%, respectively. Fabrication contributed 8% while emissions’ contribution to revenue came in at 6%. Lighting products made up 5% of the revenue and 8% came through other products.

Passenger vehicles made up 48% of the revenue while two-wheelers and three-wheelers contributed 24%. Meanwhile, the aftermarket and commercial vehicles segments contributed 14% and 9%, respectively.

During the quarter, Lumax Ancillary (LAL) became a wholly-owned subsidiary of the company. The firm announced that LAL will be merged with Lumax Auto Technologies.

The board of directors announced a dividend of ₹5.50 per share.

Shares of the company have risen by nearly 24% since the beginning of the year. The stock has gained over 50% in the last one year.