Latest news with #LumaxAutoTechnologies
Time of India
3 days ago
- Automotive
- Time of India
Lumax Auto Technologies reports 37% rise in net profit to ₹229 cr in FY25
Lumax Auto Technologies has announced its audited financial results for the fourth quarter and full year ended 31 March 2025. The company reported growth in revenue and profit, with consolidated revenue crossing ₹1,000 crore in a quarter for the first time. For FY25, consolidated revenue from operations increased by 29% to ₹3,637 crore, compared to ₹2,822 crore in FY24. Profit after tax rose by 37% to ₹229 crore, up from ₹167 crore in the previous year. The company's consolidated earnings per share increased to ₹26.08 from ₹19.10. In Q4 FY25, consolidated revenue stood at ₹1,133 crore, showing a 50% year-on-year growth from ₹757 crore in Q4 FY24. On a standalone basis, revenue from original equipment manufacturer (OEM) customers grew by 7% in Q4 FY25 and 13% for the full year. The aftermarket segment recorded its first double-digit annual growth, rising by 10% quarter-on-quarter. Inorganic growth and strategic acquisitions Anmol Jain, MD, Lumax Auto Technologies Limited, said, 'We are pleased to deliver another year of strong financial performance, with our consolidated revenue crossing ₹3,600 crores and achieving robust profit growth of 37%. Our strategic focus on inorganic growth through targeted acquisitions, including our entry into alternative fuels and the consolidation of our IAC India operations, positions us well for the evolving automotive landscape." "The improved EBITDA margins reflect our operational excellence and the synergies we are realising from our expanded portfolio. As we move forward, we remain committed to leveraging both organic and inorganic growth levers to create sustainable value for all stakeholders,' he added. During FY25, Lumax Auto Technologies invested ₹48 crore in optionally convertible redeemable debentures through its wholly-owned subsidiary, Lumax Resources Private Limited. This subsidiary acquired a 60% stake in Greenfuel Energy Solutions Private Limited for ₹153 crore, marking the company's entry into the alternative fuels segment. Following the financial year, the Board approved the acquisition of the remaining 25% stake in IAC International Automotive India Private Limited for ₹221 crore, resulting in full ownership. IAC India recently opened two manufacturing units in Chakan, Pune, to support Mahindra & Mahindra's battery electric vehicle (BEV) models, BE6 and XEV9e. Investments and dividend declaration The Board approved an investment of up to ₹0.51 crore in AMPIN C&I Private Limited's subsidiary to support solar energy use at three plants in Maharashtra. It also approved the formation of two new wholly-owned subsidiaries – Lumax Auto Solutions Private Limited and Lumax Autocomp Private Limited – to explore opportunities in the automotive sector. A final dividend of ₹5.50 per equity share has been recommended for FY25, subject to shareholder approval at the 44th Annual General Meeting on 25 August 2025. With a stable balance sheet, acquisitions, and an expanding product range, Lumax Auto Technologies aims to build on opportunities in the automotive and mobility markets.
&w=3840&q=100)
Business Standard
3 days ago
- Automotive
- Business Standard
Portfolio Check: This auto ancillary stock is up 76% from April low
Lumax Auto Technologies shares hit a new high of ₹795 today, surging 15 per cent on the BSE in Friday's intraday trade Listen to This Article Lumax Auto Technologies share price today Lumax Auto Technologies shares hit a new high of ₹795 today, surging 15 per cent on the BSE in Friday's intraday trade, in an otherwise weak market after the company reported better-than-expected earnings for the quarter ended March 2025 (Q4FY25). With today's rally, the stock price of the auto ancillary company has zoomed 76 per cent from its previous month low of ₹452.55, which it touched on April 7, 2025.
Business Standard
3 days ago
- Automotive
- Business Standard
Lumax Auto Technologies consolidated net profit rises 32.05% in the March 2025 quarter
Sales rise 49.58% to Rs 1132.88 crore Net profit of Lumax Auto Technologies rose 32.05% to Rs 58.38 crore in the quarter ended March 2025 as against Rs 44.21 crore during the previous quarter ended March 2024. Sales rose 49.58% to Rs 1132.88 crore in the quarter ended March 2025 as against Rs 757.38 crore during the previous quarter ended March 2024. For the full year,net profit rose 36.56% to Rs 177.77 crore in the year ended March 2025 as against Rs 130.18 crore during the previous year ended March 2024. Sales rose 28.88% to Rs 3636.67 crore in the year ended March 2025 as against Rs 2821.74 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1132.88757.38 50 3636.672821.74 29 OPM % 13.8312.13 - 12.7813.04 - PBDT 144.7490.70 60 436.78344.72 27 PBT 107.6161.81 74 308.16226.73 36 NP 58.3844.21 32 177.77130.18 37
Business Standard
19-05-2025
- Automotive
- Business Standard
Lumax Auto Technologies to acquire balance 25% stake in IAC International Automotive India
Lumax Auto Technologies has signed an agreement to acquire the remaining 25% stake in IAC International Automotive India (IAC India) from the International Automotive Components Group (IAC Group). IAC Group will continue to support IAC India through a technology support agreement. IAC India is a well-established Tier-1 plastic interior systems and components supplier to key automotive OEMs in India including Mahindra, Maruti Suzuki, Volkswagen and Volvo Eicher Commercial Vehicles among others. IAC India is a leader in the vehicle interior space and the sole supplier of integrated cockpits and door panels for the recently launched BEV model from Mahindra BE6 & XEV 9e. It also has a strong and well established engineering centre providing advanced design and engineering services to customers in India and overseas which provides it a competitive advantage.
&w=3840&q=100)
Business Standard
18-05-2025
- Automotive
- Business Standard
Lumax Auto to acquire remaining 25% stake in IAC India for Rs 221 cr
Auto component supplier Lumax Auto Technologies (LATL) has signed an agreement to acquire the remaining 25 per cent stake in IAC International Automotive India from the International Automotive Components Group (IAC Group) for Rs 221 crore. Following this transaction, IAC India will become a wholly owned subsidiary of LATL. The deal is expected to close by 31 May 2025, subject to customary closing conditions. LATL had previously acquired a 75 per cent stake in the company in March 2023. The IAC Group will continue to provide technology support to IAC India under a technical assistance agreement. IAC India supplies plastic interior systems and components to major automotive OEMs in India, including Mahindra, Maruti Suzuki, Volkswagen, and Volvo Eicher Commercial Vehicles. It is also the exclusive supplier of integrated cockpits and door panels for Mahindra's new battery electric vehicle (BEV) models, the BE6 and XEV 9e. The company operates five manufacturing facilities in Chakan, Manesar, Nashik, and Bangalore. It also has an engineering centre in Pune with over 330 engineers and designers supporting product design, development, programme management, and tooling for both domestic and international customers. LATL is considering a merger of IAC India with itself to unlock operational synergies, subject to regulatory and legal approvals. LATL Chairman Deepak Jain said the acquisition fits into the company's broader strategy to scale its capabilities across lighting, plastics, and interiors, while also expanding its presence on electric vehicle platforms. Managing Director Anmol Jain noted that the full integration would support cost optimisation and create financial flexibility for future acquisitions. KPMG Corporate Finance acted as the exclusive financial advisor for the transaction, while Cyril Amarchand Mangaldas served as legal advisor to LATL. Lumax Auto Technologies, part of the Lumax-DK Jain Group, manufactures a wide range of automotive components including advanced plastics, gear shifters, mechatronics, and lighting systems. It operates 28 plants across India and supplies to clients including Bajaj Auto, Honda, Mahindra & Mahindra, Maruti Suzuki, Tata Motors, and Toyota.
