Lumax Auto Technologies Ltd (BOM:532796)
₹ 566.7 -10.3 (-1.79%) Market Cap: 38.62 Bil Enterprise Value: 43.48 Bil PE Ratio: 27.63 PB Ratio: 4.89 GF Score: 94/100
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Q1 2025 Lumax AutoTechnologies Ltd Earnings Call Transcript

Aug 13, 2024 / 09:00AM GMT
Release Date Price: ₹537.95 (-1.56%)

Key Points

Positve
  • Lumax Auto Technologies Ltd (BOM:532796) achieved a robust 20% year-on-year growth in revenues, reaching INR756 crores for the quarter.
  • The Advanced Plastics domain grew by 13% from INR371 crores in Q1 FY24 to INR420 crores in Q1 FY25.
  • The Mechatronics domain saw significant growth, more than doubling from INR11 crores in Q1 FY24 to INR28 crores in Q1 FY25.
  • The company has a strong order book of INR1,000 crores, with 90% being new business.
  • The company is optimistic about the industry's performance in the second half of the fiscal year, driven by the festive season and multiple new launches planned by OEMs.
Negative
  • The Aftermarket domain experienced flattish growth in Q1 FY25 compared to the corresponding quarter of last year.
  • The electric vehicle segment experienced a slowdown in growth following the conclusion of the FAME subsidy.
  • There are headwinds in the passenger vehicle industry, which are expected to continue in Q2.
  • The company has not yet established a business relationship with OLA in the two-wheeler EV segment.
  • The EBITDA margin for IAC dropped by 140 basis points QoQ, with the normalized sustainable EBITDA being closer to 17%.
Operator

Ladies and gentlemen, good day, and welcome to the Q1 FY25 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 expectations of the company as on date of this call.

These statements are not the guarantees of future performance of the company, and it may involve risks 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.

Anmol Jain
Lumax AutoTechnologies Ltd - Managing Director, Executive Director

Thank you. A very good afternoon, ladies and gentlemen. A very warm welcome to our Q1 FY25 earnings conference call. Along with me on this call, I have Mr. Deepak Jain, Director; Mr. Vikas Marwah, CEO; Mr. Sunil Koparkar, Managing Director, IAC India; Mr. Sanjay Mehta, Director and Group CFO; Mr. Ashish Dubey, CFO

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