Lumax Industries Ltd Share Price – NSE  /  BSE

Auto Ancillaries, Small Cap

The appointment succeeds resignation of Vishnu Johri from his position of CEO (key managerial personnel) of the company owing to his personal reasons with effect from close of business hours of 30 June 2024.

Raju Bhauso, a BE Mechanical and Masters in Machine Design from Bangalore University, is a senior industry veteran and has over 3 decades of experience in the manufacturing sector. Before joining Lumax, he was associated with Toyota Kirloskar Motors (TKML) as executive vice president- manufacturing. He was also on the board of TKML.

Lumax Industries is one of the leading players in the domestic automotive lighting industry with a product portfolio of automotive lighting systems such as headlamps, tail lamps, other sundry and auxiliary lamps. The company’s presence spans all segments of the auto sector, viz., PVs, 2Ws, CVs, buses, tractors, etc.

The company reported a 73.86% jump in consolidated net profit to Rs 36.06 on 22.13% increase in revenue from operations to Rs 742.68 in Q4 FY24 over Q4 FY23.

The scrip rose 1.48% to end at Rs 2,689.90 on Friday, 7 June 2024.

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Lumax Industries announced that the Board of Directors of the Company at its meeting held on 24 May 2024, inter alia, have recommended the final dividend of Rs 35 per equity Share (i.e. 350%) , subject to the approval of the shareholders.

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Net profit of Lumax Industries rose 73.83% to Rs 36.07 crore in the quarter ended March 2024 as against Rs 20.75 crore during the previous quarter ended March 2023. Sales rose 22.13% to Rs 742.69 crore in the quarter ended March 2024 as against Rs 608.10 crore during the previous quarter ended March 2023.

For the full year,net profit rose 7.70% to Rs 111.02 crore in the year ended March 2024 as against Rs 103.08 crore during the previous year ended March 2023. Sales rose 13.67% to Rs 2636.59 crore in the year ended March 2024 as against Rs 2319.52 crore during the previous year ended March 2023.

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Lumax Industries will hold a meeting of the Board of Directors of the Company on 24 May 2024

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