2 hours ago
HomeMarket NewsLumax shares hit 20% upper circuit, scale 52-week high after strong Q3 earnings
Lumax Industries shares hit the 20% upper circuit and a 52-week high after Q3 profit, revenue and EBITDA rose sharply, driving strong buying interest in the stock.
1 Min Read
Shares of Lumax Industries Ltd surged 20% to hit the upper circuit and a fresh 52-week high on Tuesday, February 10, after the company reported a strong set of December-quarter numbers, with growth across profit, revenue and operating performance.
The stock was last seen trading at ₹6,136.30, up ₹1,022.70, as buying interest picked up sharply following the earnings announcement.
For the quarter ended December 31, Lumax Industries reported a 39.2% year-on-year rise in net profit at ₹46.5 crore, compared with ₹33.4 crore in the same period last year. Revenue from operations increased 18.7% to ₹1,052.7 crore, up from ₹887 crore a year ago.
Operating performance improved materially during the quarter. EBITDA jumped 59.7% year-on-year to ₹111 crore, from ₹69.5 crore in the year-ago period, reflecting better operating leverage.
As a result, the company’s EBITDA margin expanded to 10.5%, compared with 7.9% in the corresponding quarter last year, marking a notable improvement in profitability.
Also Read: Wockhardt shares gain 3% after positive Q3 results across parameters
Lumax Industries is an automotive component manufacturer and is part of the Lumax-DK Jain Group, supplying lighting systems and allied products to major original equipment manufacturers in India.
(Edited by : Sheersh Kapoor)
