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Lumax Auto Technologies : Q4 2024 Financial Quarterly Report : YoY Sales Up 53.52 %, QoQ Up 3.4 %

May 28, 2024May 28, 2024| adminadmin| 0 Comments| 11:50 am
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 53.52 % in the past year, substantial increase in net sales/revenue by 3.4 %.
  • 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 238.71 %. Marginal increase in other income during this quarter, up by 79.58%.
  • Profit over the Year and quarter: Significant improvement in profitability for Lumax Auto Technologies Ltd.. Notable increase of 116.35 % in net profit Year to Year, Lumax Auto Technologies Ltd.’s profitability increased by 7.07 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 136.86 % Year to Year. EPS increased by 21.31 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Lumax Auto Technologies Ltd.”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 493.328 Cr Rs. 732.475 Cr Rs. 757.379 Cr + 3.4 % + 53.52 %
Expenses Rs. 436.68 Cr Rs. 626.56 Cr Rs. 665.51 Cr + 6.22 % + 52.4 %
Operating Profit Rs. 56.65 Cr Rs. 105.92 Cr Rs. 91.87 Cr -13.26 % + 62.17 %
OPM % 11.48 % 14.46 % 12.13 % -2.33 % + 0.65 %
Other Income Rs. 5.27 Cr Rs. 9.94 Cr Rs. 17.85 Cr + 79.58 % + 238.71 %
Interest Rs. 6.81 Cr Rs. 17.56 Cr Rs. 19.03 Cr + 8.37 % + 179.44 %
Depreciation Rs. 17.05 Cr Rs. 29.82 Cr Rs. 28.88 Cr -3.15 % + 69.38 %
Profit before tax Rs. 38.06 Cr Rs. 68.48 Cr Rs. 61.81 Cr -9.74 % + 62.4 %
Tax % 18.9 % 29.97 % 16.94 % -13.03 % -1.96 %
Net Profit Rs. 23.73 Cr Rs. 47.95 Cr Rs. 51.34 Cr + 7.07 % + 116.35 %
EPS in Rs Rs. 2.74 Rs. 5.35 Rs. 6.49 + 21.31 % + 136.86 %


Today, we’re looking at Lumax Auto Technologies 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 53.52 %. However, it did see a marginal increase of 3.4 % from the previous quarter. Expenses ticked up slightly by 6.22 % quarter-on-quarter, aligning with the annual rise of 52.4 %. Operating profit, while up 62.17 % compared to last year, faced a quarter-on-quarter dip of -13.26 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.65 %, but a shrinkage of -2.33 % sequentially. Other income rose by 79.58 % compared to the last quarter, despite an annual growth of 238.71 %. Interest expenses surged remarkably by 8.37 % from the previous quarter, yet the year-over-year increase remains at a moderate 179.44 %. Depreciation costs fell by -3.15 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 69.38 %. Profit before tax grew annually by 62.4 % but saw a reduction from the preceding quarter by -9.74 %.
Tax expenses as a percentage of profits decreased slightly by -1.96 % compared to last year, with a more notable quarter-on-quarter decrease of -13.03 %. Net profit rose by 116.35 % year-on-year but experienced a 7.07 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 136.86 % but a quarterly rise of 21.31 %. In summary, Lumax Auto Technologies 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. 493.328 Cr Rs. 732.475 Cr Rs. 757.379 Cr + 3.4 % + 53.52 %
Expenses Rs. 436.68 Cr Rs. 626.56 Cr Rs. 665.51 Cr + 6.22 % + 52.4 %
Operating Profit Rs. 56.65 Cr Rs. 105.92 Cr Rs. 91.87 Cr -13.26 % + 62.17 %
Net Profit Rs. 23.73 Cr Rs. 47.95 Cr Rs. 51.34 Cr + 7.07 % + 116.35 %
EPS in Rs Rs. 2.74 Rs. 5.35 Rs. 6.49 + 21.31 % + 136.86 %


In reviewing Lumax Auto Technologies Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 53.52 % year-on-year growth, however, there was a minor increase of 3.4 % from the previous quarter. Expenses rose by 52.4 % compared to the previous year, with a 6.22 % increase quarter-on-quarter. Operating Profit surged by 62.17 % annually, and saw a -13.26 % decrease from the last quarter.
Net Profit showed yearly increase of 116.35 %, and experienced a 7.07 % increase from the previous quarter. Earnings Per Share (EPS) rose by 136.86 % annually, however rose by 21.31 % compared to the last quarter. In essence, while Lumax Auto Technologies 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.

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