Q3FY18 Results: Lumax Auto Tech reports PAT jump of 2.5 times
Lumax Auto Technologies reported its results for the quarter ended December 31, 2017 on Monday. The company's consolidated revenue for the quarter came in at Rs. 277.22 crore, registering 16.6 per cent yoy increase.
EBITDA for the quarter rose by 75.3 per cent yoy to Rs. 27.95 crore with a corresponding margin expansion of 338 bps. EBITDA margin for the quarter stood at 10.1 per cent. This margin expansion was aided by favourable movements in inventories.
The PAT for the quarter came in at Rs. 14.89 crore, yoy increase of 160.8 per cent. This was due to sharp jump in other income from Rs. 0.79 crore to Rs. 2.7 crore. Also, decline in interest expenses by 35 per cent yoy aided to bottomline growth.
Lumax Auto Technologies, a part of the D K Jain Group, is engaged in the manufacture of automotive parts like sheet metal parts, fabricated assemblies, tubular parts for two wheeler and three wheeler industries.
On Monday, the stock opened at Rs. 877 per share and touched an intra-day high and low of Rs. 890 and Rs. 869.05, respectively and finally closed at Rs. 872 on the BSE.