Q4 2024 Lumax AutoTechnologies Ltd Earnings Call Transcript
Key Points
- Lumax Auto Technologies Ltd (BOM:532796) reported a remarkable revenue growth of 53% year-on-year, reaching INR2,822 crore.
- The company achieved its highest-ever historic profits with an EBITDA of INR413 crore.
- Successful integration of IAC India, which is expected to be a significant growth driver, contributing 31% to the total consolidated revenues.
- Strong performance from joint ventures like Lumax Mannoh and Lumax Cornaglia, contributing significantly to overall growth.
- Healthy order book of more than INR900 crore, with 90% being new business, indicating strong future growth potential.
- Tractor and commercial vehicle segments experienced subdued performance due to weak monsoon conditions and muted private capital expenditure.
- Aftermarket growth was muted due to poor cash realizations, impacting overall revenue growth.
- Bajaj Auto's product mix changes led to lower-than-expected growth in certain segments.
- Net debt, including short-term debt, stands at INR285 crore, which could impact financial flexibility.
- The EBITDA margin for Q4 was lower at 12.1% when excluding other income, indicating potential margin pressures.
Ladies and gentlemen, welcome to the Q4 and FY24 earnings conference call of Lumax Auto Technologies Limited. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectation of the company as on date of this call. These statements do not guarantee the future performance of the company, and it may involve risk and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Anmol Jain, Managing Director of Lumax Auto Technologies Limited. Thank you, and over to you, sir.
Thank you. Very good afternoon, ladies and gentlemen. A very warm welcome to our Q4 and FY24 earnings conference call. Along with me on this call, I have Mr. Vikas Marwah, CEO; Mr. Sunil Koparkar, Managing Director, IAC India; Mr. Sanjay Mehta, Director and Group CFO; Mr. Raju Ketkale, Group Head Manufacturing and Corporate Planning; Mr. Naval Khanna,
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