Share the post "Lumax Industries : Q4 2024 Financial Quarterly Report : YoY Sales Up 22.13 %, QoQ Up 17.57 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 22.13 % in the past year, substantial increase in net sales/revenue by 17.57 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 43.93 %. Marginal increase in other income during this quarter, up by 107.85%.
- Profit over the Year and quarter: Significant improvement in profitability for Lumax Industries Ltd.,. Notable increase of 73.82 % in net profit Year to Year, Lumax Industries Ltd.,’s profitability increased by 40.98 % in this quarter.
- EPS over the Year and quarter: EPS increased by 73.78 % Year to Year. EPS increased by 40.96 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 608.102 Cr | Rs. 631.717 Cr | Rs. 742.688 Cr | + 17.57 % | + 22.13 % |
| Expenses | Rs. 559.19 Cr | Rs. 573.48 Cr | Rs. 676.81 Cr | + 18.02 % | + 21.03 % |
| Operating Profit | Rs. 48.91 Cr | Rs. 58.24 Cr | Rs. 65.88 Cr | + 13.12 % | + 34.7 % |
| OPM % | 8.04 % | 9.22 % | 8.87 % | -0.35 % | + 0.83 % |
| Other Income | Rs. 19.12 Cr | Rs. 13.24 Cr | Rs. 27.52 Cr | + 107.85 % | + 43.93 % |
| Interest | Rs. 8.71 Cr | Rs. 12.83 Cr | Rs. 14.53 Cr | + 13.25 % | + 66.82 % |
| Depreciation | Rs. 21.18 Cr | Rs. 23.52 Cr | Rs. 26.69 Cr | + 13.48 % | + 26.02 % |
| Profit before tax | Rs. 38.14 Cr | Rs. 35.13 Cr | Rs. 52.18 Cr | + 48.53 % | + 36.81 % |
| Tax % | 67.19 % | 40.76 % | 53.71 % | + 12.95 % | -13.48 % |
| Net Profit | Rs. 20.75 Cr | Rs. 25.58 Cr | Rs. 36.07 Cr | + 41.01 % | + 73.83 % |
| EPS in Rs | Rs. 22.2 | Rs. 27.37 | Rs. 38.58 | + 40.96 % | + 73.78 % |
Today, we’re looking at Lumax Industries Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 22.13 %. However, it did see a marginal increase of 17.57 % from the previous quarter. Expenses ticked up slightly by 18.02 % quarter-on-quarter, aligning with the annual rise of 21.03 %. Operating profit, while up 34.7 % compared to last year, faced a quarter-on-quarter increase of 13.12 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.83 %, but a shrinkage of -0.35 % sequentially. Other income rose by 107.85 % compared to the last quarter, despite an annual growth of 43.93 %. Interest expenses surged remarkably by 13.25 % from the previous quarter, yet the year-over-year increase remains at a moderate 66.82 %. Depreciation costs climbed by 13.48 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 26.02 %. Profit before tax grew annually by 36.81 % but saw an increase from the preceding quarter by 48.53 %.
Tax expenses as a percentage of profits decreased slightly by -13.48 % compared to last year, with a more notable quarter-on-quarter increase of 12.95 %. Net profit rose by 73.83 % year-on-year but experienced a 41.01 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 73.78 % but a quarterly rise of 40.96 %. In summary, Lumax Industries Ltd.,’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 608.102 Cr | Rs. 631.717 Cr | Rs. 742.688 Cr | + 17.57 % | + 22.13 % |
| Expenses | Rs. 559.19 Cr | Rs. 573.48 Cr | Rs. 676.81 Cr | + 18.02 % | + 21.03 % |
| Operating Profit | Rs. 48.91 Cr | Rs. 58.24 Cr | Rs. 65.88 Cr | + 13.12 % | + 34.7 % |
| Net Profit | Rs. 20.75 Cr | Rs. 25.58 Cr | Rs. 36.07 Cr | + 41.01 % | + 73.83 % |
| EPS in Rs | Rs. 22.2 | Rs. 27.37 | Rs. 38.58 | + 40.96 % | + 73.78 % |
In reviewing Lumax Industries Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 22.13 % year-on-year growth, however, there was a minor increase of 17.57 % from the previous quarter. Expenses rose by 21.03 % compared to the previous year, with a 18.02 % increase quarter-on-quarter. Operating Profit surged by 34.7 % annually, and saw a 13.12 % increase from the last quarter.
Net Profit showed yearly increase of 73.83 %, and experienced a 41.01 % increase from the previous quarter. Earnings Per Share (EPS) rose by 73.78 % annually, however rose by 40.96 % compared to the last quarter. In essence, while Lumax Industries Ltd., exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
76
3-Year Profit
2
5-Year Profit
29
10-Year Profit
2,922
Current Price
2,732
Market Cap
The company associated with BSE code 517206 presents a financial narrative of mixed fortunes. Over a five-year period, the company achieved a profit of 2 units, which subsequently rose to 76 units over the three years that followed. Yet, despite this initial growth, the company now faces a troubling trailing twelve-month (TTM) profit loss of 25 units. What’s particularly striking is the company’s complete absence of reported sales across all analyzed periods, which brings into question the viability of its revenue generation strategies and long-term business sustainability. Moreover, stock prices have been highly volatile, reflecting the company’s uncertain future. While the stock was valued at 17 units over the last five years, it has recently dropped to 9 units, underscoring a rapid decline in market confidence. Over the longer ten-year period, the stock price was at 22 units, illustrating a pattern of fluctuating performance that could pose risks for potential investors.
With a market capitalization of ₹2,732 crore, the company’s stock is currently trading at ₹2,922, having fluctuated within a range of ₹3,045 / 2,020 over the years. The stock's P/E ratio of 22.4 reflects a relatively high valuation compared to its earnings, which could suggest strong future growth expectations or heightened investor demand. The company’s book value is ₹718, representing the total value of its assets on a per-share basis, while the dividend yield of 1.20% offers a modest return to shareholders. ROCE, at 17.2%, highlights the company's efficient use of capital in generating profits, while ROE at 17.7% underscores its ability to generate returns for shareholders. The debt-to-equity ratio of 1.08 is very low, indicating conservative financial management and minimal reliance on borrowed funds. Despite this, the company shows a negative net cash flow of ₹24.4 crore, which could point to cash management challenges or recent heavy investments. The Piotroski score of 5.00 suggests moderate financial strength, while the Graham Number, pegged at ₹1,453, offers a rough estimate of the stock's intrinsic value. The Price-to-Book (P/B) ratio of 4.07 signals that the stock is trading at a premium, which might reflect investor confidence in the company's growth trajectory.
