Latest news with #LumaxAutoTechnologies
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Business Standard
5 days ago
- Automotive
- Business Standard
Lumax Auto, Subros zoom over 100% from 3-mth lows; what's behind the rally?
Share price movement of Lumax Auto, Subros today Shares of Lumax Auto Technologies (₹1,113.90) and Subros (₹1,084) hit their respective new highs, as these stocks rallied up to 10 per cent on the BSE in Tuesday's intra-day trade in an otherwise weak market. In comparison, the BSE Sensex was down 0.22 per cent at 81,618 at 11:30 AM. These two stocks have seen their share prices more-than-double from their respective 3-month lows. Among individual stocks, Lumax Auto Technologies has zoomed 146 per cent from a level of ₹452.55 on April 7, 2025. Share price of Subros surged 116 per cent from ₹501.55 on March 17, 2025. In the past two trading days, the stock has zoomed 30 per cent from a level of ₹831 on Friday, June 13, 2025. Catch Stock Market Latest Updates Today LIVE What's driving auto related stocks? Subros is the leading manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso Corporation, Japan. The company is engaged primarily in the business of manufacturing and sale of thermal products for automotive and home air-conditioning original equipment manufacturers (OEMs). Subros medium-term growth prospects remains healthy, given its strong market position in the passenger vehicle (PV) industry and continued demand in the industry. Further, the notification from the Government of India mandating air-conditioned (AC) fitted cabins in N2 and N3 trucks (both segments combined cover trucks having gross vehicle weight exceeding 3.5 tonnes), manufactured after October 2025, is expected to generate incremental revenue prospects for the company. The company is expected to continue its growth momentum on account of new product development for various models of PVs, buses, trucks and the railways segment. While the company has significantly muted its sales in the home AC segment due to low segment margins amid inflationary pressure in the fixed price nature of contracts, an increase in the contribution from the other business segments, such as commercial vehicle (CVs) and Indian Railways is expected to support its earnings growth prospects, according to ICRA. Meanwhile, in the past three weeks, the stock price of Lumax Auto Technologies, a leading automotive component manufacturer, has zoomed 63 per cent after the company showcased strong operational performance and strategic expansion through inorganic growth initiatives through its March quarter earnings. The company recorded its highest-ever annual revenue and earnings before interest, tax, depreciation and amortisation (Ebitda), and surpassed the ₹1,000 crore mark in quarterly revenue for the first time. The performance was driven by strong demand across all segments and deepening engagement with OEM partners. Improvement in Ebitda growth highlights the strength of the company's operating model, supported by improved efficiencies, prudent cost management and continued focus on value-added offerings, the management said. With a well-diversified product portfolio and deep integration with leading OEM platforms, the management said the company remains strongly positioned to capitalize on evolving opportunities across segments in a structurally improving macro environment. With a robust balance sheet, strategic acquisitions, and expanding product portfolio, Lumax Auto Technologies said the company is well-positioned to capitalize on the growing automotive market and emerging mobility solutions. Given the healthy order book led by double digit growth prospects, stable margin profile, earnings accretive value conscious acquisitions and impressive return ratios matrix, analysts maintain their positive view on the company.
Business Standard
04-06-2025
- Automotive
- Business Standard
Smallcap auto ancillary stock surges 49% in 1 week; up 119% from April low
Lumax Auto Technologies hit a new high of ₹992.20, rallied 49% in the past one week, after the company reported better than expected earnings for the quarter ended March 2025. Mumbai Listen to This Article Share price of Lumax Auto Technologies today Shares of Lumax Auto Technologies hit a new high of ₹992.20, as they surged 5.5 per cent on the BSE in Wednesday's intra-day trade. The stock price of this smallcap auto ancillary company was quoting higher for the fifth straight trading day after the company reported a better than expected earnings for the quarter ended March 2025 (Q4FY25). In the past one week, the stock has rallied 49 per cent, as compared to 0.60 per cent decline in the BSE Sensex. With the past one week's up move, the market price of Lumax
Time of India
30-05-2025
- 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.
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Business Standard
30-05-2025
- 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
30-05-2025
- 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
