Lumax Auto Tech Q4 profit jumps 51%; board approves stake buy in Lumax FAE

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components maker Lumax Auto Technologies reported a 51% year-on-year rise in consolidated net profit for the fourth quarter at ₹88.1 crore, compared with ₹58.4 crore in the corresponding period last year, aided by strong revenue growth and improved operating performance.

Revenue from operations rose 25.1% to ₹1,417 crore in the January-March quarter from ₹1,133 crore a year ago.

EBITDA increased 29.7% year-on-year to ₹203.2 crore, while EBITDA margin improved to 14.3% from 13.8% in the year-ago period.

The company’s board recommended a final dividend of ₹5.5 per equity share for the financial year.

Separately, the board approved the acquisition of the remaining 15.97% stake in Lumax FAE Technologies Private Limited from existing shareholder Francisco Albero S.A.U (FAE).

Following the completion of the transaction, Lumax FAE Technologies will become a wholly owned subsidiary of the company.

The board also approved an investment of up to ₹3 crore in Lumax Yokowo Technologies Private Limited through subscription to additional equity share capital.

Ahead of the announcements of the results, Shares of Lumax Auto Technologies closed 3.39% higher at ₹1,724.70 on the NSE on Friday, gaining ₹56.60.

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