Quarterly Result: Lumax Auto Technologies Ltd
Bhagyashree Vivarekar / 09 Nov 2016
Lumax Auto Technologies Ltd., is currently trading at Rs. 513, down by 9.85 points or 1.88% from its earlier closing of Rs. 522.85 on the BSE. The scrip has touched a high and low of Rs. 514.8 and Rs. 460 respectively, after opening at 501. By far 43675(NSE+BSE) shares were traded on the counter; and the stock is currently trading below its 50 DMA.
Technical View:
Lumax Auto Technologies Ltd., is currently trading at Rs. 513, down by 9.85 points or 1.88% from its earlier closing of Rs. 522.85 on the BSE.
The scrip has touched a high and low of Rs. 514.8 and Rs. 460 respectively, after opening at 501. By far 43675(NSE+BSE) shares were traded on the counter; and the stock is currently trading below its 50 DMA.
Consolidated Results Q2FY17:
Bloomberg estimates were higher than Lumax Auto Technologies’ Q2FY17 numbers. Revenue has come in 4.6% lesser than the estimate of Rs 287 cr. and net profit is 12.1% lesser than the estimated figure of Rs 13 cr.
The quarter's revenue has soared 18.7% yoy to Rs 274 cr.
Lumax's reported EBITDA has surged by 10.4% yoy to Rs 23 cr while EBITDA margins have shrunken by 64 bps yoy to 8.5%. This was majorly triggered by 30% and 18% increase in employee benefits and other expenses, respectively.
The company's net profit has climbed 12.6% yoy to Rs 12 cr.
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