Lumax Auto Technologies shares settle 6.2% higher on strong growth in Q2 net profit

Lumax Auto share price: Shares of Lumax Auto Technologies, a full-service provider in the automotive components industry, closed in the positive territory on Thursday.

The stock settled 6.19% higher at ₹513.55 on the NSE. Intraday, it hit an high of ₹535.4 apiece, up by 10.71%.

Lumax Auto posts strong growth in Q2 revenue, net profit

Lumax Auto Technologies reported nearly 57% jump in profit after tax (after minority interest) to ₹43 crore for the July-September quarter of FY25 compared to ₹27.4 crore in the year-ago period, according to the company’s investor presentation.

Revenue for Q2FY25 rose by 20% to ₹842.2 crore compared to ₹700 crore in Q2FY24. It was the company’s highest ever single quarter revenue.

Operating profit or EBITDA for the September quarter rose by 18% to ₹117.6 crore compared to ₹99.3 crore in the year-ago period. Its EBITDA margins stood at 14% in Q2FY25.

On its Q2 performance, the company said that the quarter saw a subdued performance mainly in the passenger vehicle segment, due to elections, heatwaves, and an uneven monsoon across the country.

“Inventory levels for passenger vehicles remained elevated during the quarter. On a positive side, the festive season has seen a demand recovery across segments, as reflected in the monthly OEM figures,” the company said.

Lumax Auto said that On H1FY25 basis too, it demonstrated a robust revenue growth of 20% with margins standing at 14%.

Passenger cars contributed 50% to overall revenues, 2/3-Wheelers at 25%, CVs at 9%, Aftermarket at 12% and others at 4% in the first half of FY25.