Lumax Auto Technologies Ltd. — Interim / Quarterly Report 2023

Feb 13, 2023

==> picture [561 x 88] intentionally omitted <==

LATL:CS:PR:2022-23 February 13, 2023

==> picture [429 x 78] intentionally omitted <==

----- Start of picture text -----

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
----- End of picture text -----

Sub: Investor Release of Financial Results for 3rd Quarter and Nine Months ended December 31,2022

Dear Sir/ Ma'am,

Please find enclosed herewith the Investor release being issued by the Company for the 3[rd] Quarter and Nine Months ended December 31, 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 GUPTA KUMAR GUPTA Date: 2023.02.13 18:44:36 +05'30'

Raajesh Kumar Gupta Vice President & Group Head (Secretarial, Legal & Internal Audit) Membership No. A8709

Encl: As stated Above

==> picture [561 x 89] intentionally omitted <==

==> picture [561 x 89] intentionally omitted <==

==> picture [111 x 59] intentionally omitted <==

==> picture [70 x 58] intentionally omitted <==

Investor Release

LUMAX AUTO TECHNOLOGIES LIMITED

Q3 FY23 Consolidated Results

• Q3FY23 revenue at Rs. 445 cr ; growth of 4% Y-o-Y

• Q3FY23 EBITDA at Rs. 54 cr ; up by 13% Y-o-Y

• EBITDA margin at 12.2% for Q3FY23; up by 100 bps Y-o-Y

• Q3FY23 PAT at Rs. 23 Cr ; growth of 8% Y-o-Y. PAT margins stood at 5.2%

Gurugram – 13[th] February 2023: Lumax Auto Technologies Ltd., a leading full-service provider in Automotive Components Industry, announced its consolidated unaudited financial results for the quarter/nine months ended 31[st] December 2022.

Key Consolidated Financial Highlights are as follows:

==> picture [478 x 204] intentionally omitted <==

----- Start of picture text -----

Particulars (Rs. Crs) Q3FY22 Q3FY23 Y-o-Y 9MFY22 9MFY23 Y-o-Y
Revenue 428 445 4% 1091 1354 24%
EBITDA 48 54 13% 114 162 42%
Margin (%) 11.2% 12.2% +100 bps 10.5% 12.0% +150 bps
PBT 35 39 9% 80 118 48%
Margin (%) 8.3% 8.7% +40 bps 7.3% 8.7% +140 bps
PAT (after MI) 22 23 8% 48 74 53%
Margin (%) 5.0% 5.2% +20 bps 4.4% 5.5% +110 bps
EPS 3.16 3.43 8% 7.10 10.89 53%
----- End of picture text -----

Operational Highlights — 9MFY23:

• Integrated Plastic Modules contributed 24% to overall Revenues followed by Aftermarket at 20% Gear Shifter at 16% , Fabrication at 14% , Lighting products at 8% , Emission at 7% and Others at 11%

• 2/3-Wheelers contributed 38% to overall Revenues, Passenger Car at 25% , After Market at 20% CV’s at 9% and others at 8%

==> picture [111 x 59] intentionally omitted <==

==> picture [70 x 58] intentionally omitted <==

Investor Release

Business Update:

New Launches made during the quarter:

==> picture [518 x 183] intentionally omitted <==

----- Start of picture text -----

Category Customer Name Model Product
Gear Shift Lever Assembly - AT
Toyota HyCross
Antenna Feeder Cable Assembly
Passenger Vehicle
MSIL Eeco Gear Shift Lever Assembly - MT
Force Motors Urbania Gear Shift Lever Assembly - MT
Commercial Vehicle
TML Signa & Prima Ball Joint Assembly
Pulsar P150 Plastic Parts
2-Wheelers BAL
H107 – EV Frame & Swing Arm
----- End of picture text -----

Awards:

• The subsidiary Company, Lumax Mannoh Allied Technologies Pvt. Ltd. received its second Patent registration form the Government of India for “Twin Rod Gear Shift Assembly” for manual transmission.

• The Pantnagar plant of the Company received Super Platinum Award from its customer “Bajaj Auto Limited” in its vendor conference held in the month of January 2023.

• The Aurangabad plant of the Company won Gold award in International Convention on Quality Control Circles (ICQCC) Competition held in Jakarta.

Commenting on the results Mr. Anmol Jain, MD, Lumax Auto Technologies said We have once again delivered strong results. Numerous catalysts serve as support pillars for the medium-and long-term outlook, which is positive. The future growth of auto-ancillary companies in India is anticipated to be driven by vehicle premiumization, increased localization and new EV opportunities resulting in higher vehicle content per vehicle. We have been continuously working to enhance our product's performance and adapt to the shift in the auto industry.

At LATL, we have observed robust momentum supported by operating leverage advantages. As utilisation rates increase across our subsidiaries and launches of new products for our customers, we are optimistic that our growth momentum to continue.

==> picture [111 x 59] intentionally omitted <==

==> picture [70 x 58] intentionally omitted <==

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 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.

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.com/

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:

==> picture [511 x 183] intentionally omitted <==

----- Start of picture text -----

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
----- End of picture text -----