Lumax Auto Technologies Ltd. — Interim / Quarterly Report 2022

Aug 11, 2021

LATL:CS:PR:2021-22 Date: 11.08.2021

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 the 1st Quarter ended 30th June, 2021

Dear Sir/ Ma'am,

We are enclosing herewith the Investor Release being issued by the Company, Lumax Auto Technologies Limited, for the 1st Quarter ended on 30th June, 2021.

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

This is for your information and records.

Thanking you,

Yours faithfully, For LUMAX AUTO TECHNOLOGIES LIMITED

ANIL TYAGI COMPANY SECRETARY M.NO. A-16825

Encl: As Stated above

Lumax Auto Technologies Limited Plot No. -878, Udyog Vihar Phase-V, Gurugram - 122016 Heryana, lndla

T +91124 4760000 E sh11res@lumaxmail.com

www.lumaxworld.ln

Lumax Auto Technologies Limited - REGO. OFACE : 2"" Floor. Harbans Bhawan-11, Commercial Complex, Nangal Raya New Delhi -110046, T - +91114985 7832, E.cao@lumaxmall.com '

Investor Release

LUMAX AUTO TECHNOLOGIES LIMITED

Q1FY22 Consolidated Results

• Revenue at Rs. 260 Cr
• EBITDA margin at 7.2%
• Q1FY22 operations adversely affected; down by 33% from QIVFY21 due to resurgence of COVID‐19

New Delhi – 11th August 2021: Lumax Auto Technologies Ltd., a leading full‐service provider in Automotive Components Industry, announced its consolidated un‐audited financial results for the quarter ended 30th June 2021.

Key Consolidated Financial Highlights are as follows:

• Revenue stood at Rs. 260 Cr for Q1FY22 as against Rs. 388 cr for QIVFY21. The revenue for Q1FY21 stood at Rs. 71 Cr
• The company reported EBITDA of Rs. 18.6 Cr & Profit after Tax & Minority interest of Rs. 3.4 Cr in Q1FY22.

Operational Highlights — Q1FY22:

• Integrated Plastic Modules contributed 26% to overall Revenues followed by Chassis at 21%, Gear Shifter at 14%, Lighting products at 13%, Aftermarket at 13%, Emission at 7% and Others at 6%
• 2/3‐Wheelers contributed 48% to overall Revenues, Passenger Car at 21%, After Market contributed 13%, & CVs at 9%

Business Update:

• On July 2, 2021, the Company signed a Joint Venture agreement with Alps Alpine Co. Limited, Japan to establish a joint venture company for the manufacturing and sale of electric devices and components including software related to automotive industry.
• Business Programmes worth Rs. 120 crores (over a period of 2 years) awarded during the quarter.

Investor Release

New Launches:

Category	Customer Name	Model	Product
Passenger Vehicle	Volkswagen	Skoda Kushaq	Emission parts
2‐Wheelers	Bajaj	CT110X	Head Lamp and Tail LampAssembly & other Plastic parts

Awards

• The Chakan, Chinchwad & Aurangabad plant of the Company won Gold Awards in Quality Control Circle (QCC) competition held by Quality Circle Forum of India (QCFI) & the Chakan plant of the subsidiary company Lumax Cornaglia Allied Technologies Private Limited won silver award in the same competition.
• Lumax Mannoh Allied Technologies Limited, the subsidiary of the Company won 1st Position in the competition held by ACMA in "Customer Complaint" &"Best HR Practices" Category &the Aurangabad plant of the Company won second position in the same ACMA competition in "Productivity improvement Kaizen" category.

Commenting on the results Mr. Anmol Jain, MD, Lumax Auto Technologiessaid "Sudden spike in COVID cases once again led to regional lockdowns during the quarter and production of most of the OEMs and aftermarket division was adversely affected. This wasthe key reason for degrowth by 33% in Q1FY22 revenue from QIVFY21.

We are cautiously optimistic for the upcoming quarter with expectation of revival in demand. The monsoon has started off well across the nation and economic activities are opening up gradually. We are closely observing the challenges industry is facing currently and putting extra efforts to keep the operations running with least obstacles.

The technology landscape is changing rapidly in the automotive industry. We see evolution and adoption of information and communication related technologies at an unprecedented scale. We ensure that our partners are experts in their field of technology with a history of innovation and product leadership. We aspire to drive growth through this transformation in a sustainable manner."

Investor Release

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 Shift Lever, Emission Systems, Seat Frames, Oxygen Sensors, etc). We are market leaders in Design, Testing and Manufacturing of 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.

Our key customersinclude 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.com/

Safe Harbor 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 forward‐looking 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:

Company	Investor Relations Advisors
Lumax Auto Technologies Limited	Strategic Growth Advisors Pvt Ltd.
CIN No: L31909DL1981PLC349793	CIN No: U74140MH2010PTC204285
Priyanka Sharma	Shogun Jain / Akashi Modi
Email id: priyanka.sharma@lumaxmail.com	Email id: shogun.iain@sgapl.net / akashi.modi@sgapl.net
Tel No: +91 98102 66637	Tel No: +91 77383 77756 / +91 96198 96128