Lumax Auto Technologies Ltd. — Earnings Release 2023

Nov 12, 2022

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LATL:CS:PR:2022-23 November 12, 2022

BSE Limited The National Stock Exchange of India Limited Listing & Compliance Department Listing & Compliance Department Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G, Dalal Street, Mumbai - 400001 Bandra Kurla Complex, Bandra (E), Mumbai – 400051 Security Code : 532796 Symbol: LUMAXTECH

Subject: Investor Release of Financial Results for 2nd Quarter and Half year ended September 30, 2022

Dear Sir/ Ma'am,

Please find enclosed herewith the Investor release being issued by the Company for the 2nd Quarter and Half year ended September 30, 2022.

The aforesaid information shall also be made available on the website of the Company www.lumaxworld.in/lumaxautotech

This is for your Information and Records.

Thanking you,

For Lumax Auto Technologies Limited

RAAJESH Digitally signed by RAAJESH KUMAR KUMAR GUPTA Date: 2022.11.12 GUPTA 18:52:27 +05'30' Raajesh Kumar Gupta Vice President & Group Head (Secretarial, Legal & Internal Audit) Membership No. A8709

Encl: As stated Above

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Investor Release

LUMAX AUTO TECHNOLOGIES LIMITED

Q2 FY23 Consolidated Results

• Q2FY23 revenue at Rs. 487 cr ; growth of 21% Y-o-Y; Historic High single quarter revenue

• Q2FY23 EBITDA at Rs. 64 cr; up by 25% Y-o-Y

• EBITDA margin at 12.2 % for Q2FY23; up by 30 bps Y-o-Y

• PAT for Q2FY23 stood at Rs. 29 Cr ; up by 24% Y-o-Y. PAT margin stood at 6.0%

Gurugram – 12[th] November 2022: Lumax Auto Technologies Limited, a leading full-service provider in Automotive Components Industry, announced its unaudited financial results for the quarter/ half year ended 30[th] September 2022.

Key Consolidated Financial Highlights are as follows:

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Particulars (Rs. Crs) Q2FY22 Q2FY23 Y-o-Y H1FY22 H1FY23 Y-o-Y
Revenue 403 487 21% 663 909 37%
EBITDA 48 60 25% 66 108 63%
Margin (%) 11.9% 12.2% +30 bps 10.0% 11.9% +190 bps
PBT 36 44 22% 44 79 79%
Margin (%) 9.0% 9.1% +10 bps 6.6% 8.7% +210 bps
PAT (after MI) 23 29 24% 27 51 90%
Margin (%) 5.8% 6.0% +20 bps 4.0% 5.6% +160 bps
EPS 3.43 4.27 24% 3.93 7.47 90%
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Operational Highlights — H1FY23:

• Integrated Plastic Modules contributed 25% to overall Revenues followed by Aftermarket at 19% , Gear Shifter at 16% , Fabrication at 14% , Lighting products at 8% , Emission at 7% and Others at 11%

• 2/3-Wheelers contributed 40% to overall Revenues, Passenger Car 24% , Aftermarket contributed 19% , CV’s 9% and others at 8%

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Investor Release

Business Update:

New Launches made during the quarter:

Category	Customer Name	Model	Product
Passenger Vehicle	Toyota	Hyryder	Gear Shifter
	MSIL	Grand Vitara	Gear Shifter
	M&M	Scorpio Classic	Gear Shifter
Commercial Vehicle	Tata	Ace & Winger	Urea Tank

Commenting on the results Mr. Anmol Jain, MD, Lumax Auto Technologies said “We are seeing the twin benefits of the uptick in the Auto industry and being a multi-product company. We have seen growth across all OEMs and product categories and strongly believe this trend to continue. With increased technological advancements, consumer sentiments & buying behaviour, we envisage demand for more advanced & premium products to increase, which in turn will be the future growth drivers for the auto industry. We have been continuously working to improve our product performance and keep abreast with the shift witnessed in the auto industry.

At LATL, we have witnessed strong momentum backed by operating leverage benefits. As utilization levels increase across our subsidiaries and launch of new products for our OEMs, we are confident of growth momentum to continue.”

About Lumax Auto Technologies Limited:

Lumax Auto Technologies Ltd. through its wholly owned subsidiaries and joint ventures, has been a manufacturer of wide range of products (Integrated Plastic Modules, 2/3-wheeler Lighting, Chassis, Gear Shifter, Shift Towers, Emission Systems, Seat Frames, Oxygen Sensors, Electric devices & components). We are market leaders in Design, Testing and Manufacturing Gear Shift levers in India. The Company has a robust pan-India distribution network with 17 manufacturing plants across India in all major Auto clusters.

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Investor Release

Our key customers include Bajaj Auto, Honda Motorcycles and Scooters, Mahindra & Mahindra, Maruti Suzuki, Tata Motors and Toyota. For more information about the Group and its businesses, please visit our website http://www.lumaxworld.in/lumaxautotech

Safe Harbour Statement:

Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forwardlooking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.

For further details please contact:

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Company Investor Relations Advisors
Strategic Growth Advisors Pvt Ltd.
Lumax Auto Technologies Limited
CIN No: U74140MH2010PTC204285
CIN No: L31909DL1981PLC349793
Shogun Jain / Sagar Shroff
Priyanka Sharma
Email id: priyanka.sharma@lumaxmail.com Email id: shogun.iain@sgapl.net / sagar.shroff@sgapl.net
Tel No: +91 98102 66637 Tel No: +91 77383 77756 / +91 98205 19303
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