Lumax Auto Technologies Ltd. — Regulatory Filings 2021

Nov 11, 2021

LATL:CS:O2:BM:2021-22 Date: 11.11.2021

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

Subject: 1) Outcome of the Board Meeting held on Thursday, November 11, 2021 2) Submission of Financial Results for quarter ended on September 30, 2021

Dear Sir/ Ma'am,

In furtherance to our intimation dated October 29, 2021 and pursuant to the provisions of Regulation 30 & other applicable Regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (hereinafter referred to as "the Listing Regulations"), we wish to inform you that the Board of Directors, at their Meeting held today i.e. Thursday, the November 11, 2021, has inter-alia, considered and approved the following matters:

1. The Standalone & Consolidated Un-audited Financial Results for the 2nd Quarter and Half Year ended September 30, 2021, as recommended by the Audit Committee. A copy of the Standalone & Consolidated Un-Audited Financial Results and the Limited Review Reports of Statutory Auditors i.e. M/s S.R. Batliboi & Co. LLP, are enclosed herewith as per Regulation 33 of the Listing Regulations.

The Extracts of Consolidated results would be published in the Newspapers in terms of Regulation 47(1) of Listing Regulations, as amended from time to time.

• 1. Payment of remuneration being paid to Mr. Deepak Jain, (DIN : 00004972) Non-Executive Director for the Financial Year 2021-22, as per Regulation 17 (6) (ca) of the Listing Regulations (as amended), subject to the approval of Shareholders by way of a special resolution, as recommended by the Nomination and Remuneration Committee.
• 1. To seek approval of the Shareholders with respect to the Material Related Party Transactions with Lumax Industries Limited, a related party, during the financial year 2021-2022, as recommended by the Audit Committee.
• 1. Draft notice of Postal Ballot along with the explanatory statement, Postal Ballot Form and other related documents thereof to seek approval of the shareholders of the Company for item numbers 2 & 3 above.

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

Haryana, India

T +91124 4760000 E shares@lumaxmail.com

www.lumaxworld.in

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

1. Appointment of Mr. Maneesh Gupta, Practicing Company Secretary (FCS No. 4982) as Scrutinizer to conduct the Postal Ballot process in fair and transparent manner. The Board has also fixed the cut-off date as November 19, 2021 to determine the eligible shareholders to whom the postal ballot notice would be sent and for the purpose of e-voting.

The Meeting of the Board of Directors commenced at 12.30 P.M. and concluded at .9.~ _; -~~ .. P.M.

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

You are requested to kindly take the above information in your records.

Thanking you,

Yours faithfully, For LUMAX AUTO TECHNOLOGIES LIMITED

ANIL TYAGI COMPANY SECRETARY M.NO. A-16825

Encl: as above

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

T +91124 4760000 E shares@lumaxmail.com

www.lumaxworld.in

Lumax New Delhi-110046. Auto Technologies T - +91114985 Limited 7832, - REGD. E - OFFICE: cao@lumaxmail.com 2"'Floor, Harbans Bhawan-11. Commercial Complex, Nangal Raya, * DK JAIN

WMnl Lumax Auto Technologies Limited Regd. Office: 2nd Floor, Harbans Bhawan-11, Commercial Complex, Nangal Raya, New Delhi-110046 DK * JAIN

Website:www.lumaxworld.in/lumaxautotech Tel: +91 11 49857832 GRO~P Email: shares@lumaxmail.com, CIN: L31909DL 1981PLC349793

(Rs. in Lakhs unless otherwise stated)
Statement of Standalone un-audited financial results for the quarter and half year ended September 30, 2021 Quarter ended Half year ended					Year ended
Sr. No.	Particulars	30.09.2021	30.06.2021	30.09.2020	30.09.2021	30.09.2020	31.03.2021
		I U nauditedl	IUnauditedl	IUnauditedl	IUnauditedl	(Unauditedl	IAuditedl
	Income from operations
	a) Revenue from conlracts with customers	32,225 58	20,003 62	23,518.43	52,229 20	29,597 02	90,294 89
	b) Olher income	773 94	419 50	598,37	1,19344	1.11114	2,206.43
1	Total Income	32,999.52	20,423.12	24,116.80	53.422.64	30.708.16	92,501.32
	Expenses
	a) Casi of raw materials, components and moulds consumed	16,667 45	11,756 55	12,624.31	28,424 00	16,025 58	47,682 05
	b) Purchases of traded goods	6,286.76	2,125.18	3,572.12	8,411 94	4,11621	15,861.99
	c) Changes in invenlories of finished goods, work-in-progress and traded goods	(389 53)	165.99	128,85	(223.54)	395 84	(292 75)
	d) Employee benefits expense	3,014 57	2,520 71	2,301 ,63	5,535 28	3,863 67	9,591 07
	e) Finance Costs	13045	14610	193,50 618,62	27655 1,256 06	452.72 1,207 OS	715 03
	f) Depreciation and amortisation expense g) Olher expenses	668.94 3,640 79	58712 2,647 25	2,795,88	6,288 04	3.792 63	2,50914 10,867 97
2	Total expenses	30,019.43	19,948.90	22,234.91	49,968.33	29,853.70	86,934.50
3	Profit before tax (1-2)	2,980.09	474.22	1,881.89	3,454.31	854.46	5,566.82
	Tax Expenses
	Current tax	711 60	20119	219,11	912.79	23076	1,491 53
	Adjustment of lax relating to earlier years	-	-	3.90		390	(39.93)
	Deferred tax charge/(credit)	(4845)	(73 35)	236.54	(121 80)	(3368)	(93 51 )
4	Total Tax Expenses	663.15	127.84	459.55	790.99	200.98	1,358.09
5	Net Profit for the period/year (3-4)	2,316.94	346.38	1,422.34	2,663.32	653.48	4,208.73
	Other Comprehensive lncome/(Loss) (net of tax) Other Comprehensive lncome/(Loss) not to be reclassified to statement of profit and
	loss in subsequent year/period
	Re-measurement loss on defined benefits plans	(1815)	(1815)	(13.58)	(36 30)	(27 16)	(7260)
	Income tax effect	4 57	4 57	1.65	9.14	3 30	8.60
	Gainl(Loss) on FVTOCI equity securities	(399 00)	(448.35)	1,250.81	(847.35)	2,390 06	3,925 98
	Income lax effect		-	- 1,238.88	- (874.51)		(7.66) 3,854.32
6	Total Other Comprehensive lncome/(Loss) (net of tax)	(412.58)	(461.93)			2,366.20
7	Total comprehensive income/(loss) for the period/year (net of tax) (5+6)	1,904.36	(115.55)	2,661.22	1,788.81	3,019.68	8,063.05
8	Paid-up equity share capital (face value of Rs 2 per share)	1,363.15	1,363.15	1,363.15	1,363.15	1,363.15	1,363.15
9	Other equity						47,448.05
10	Earnings per share (face value of Rs. 2 each) (not annualised)
	Basic & Diluted (in Rs )	3 40	0 51	2 09	3.91	0 96	6.17

	Statement of Unaudited Standalone Assets and Liabilities
		(Rs. in Lakhs unless otherwise stated) Asal	As at
	Sr. No. Particulars	30.09.2021	31.03.2021
I	ASSETS	(Unauditedl	!Auditedl
	Non-current assets
	Property, Plant and Equipment	19,526 09	19,890 52
	Capital work-in-progress	352.04	51441
	Intangible assets	13962	16888
	Right-to-use asset	3,197 70	2,277 03
	Investment property	1,729.73	1,758.51
	Investment in subsidiaries and joint ventures	7,384 44	7,202 94
	Income tax assets (net)	618 85	61885
	Financial Assets
	Investments	8,092.79	8,940.14
	Loans Other financial assets	817 62 557 05	9 41 481 69
	Other non-current assets	1,019.34	73112
	Total Non-current assets (A)	43,435.27	42,593.50
	Current assets
	Inventories	4,812 79	4,495 21
	Financial Assets
	Investments Loans	4,099.47 36571	4,034.91 1,166 92
	Trade receivables	20,415.64	17,954 69
	Cash and cash equivalents	1,911 00	162 26
	Other bank balances	8,339.80	6,268 82
	Other financial assets	735 91	1,252 40
	Other current assets	1.266 62	1,18685
	Total Current assets (B)	41 ,946.94	36,522.06
	Total Assets (A+B)	85,382.21	79,115.56
II	EQUITY & LIABILITIES
	Equity share capital Other equity	1,363.15 47,19213	1,36315 47 ,448 05
	Total equity (A)	48.555.28	48.811.20
	Non-current liabilities
	Rnanclal llabillt10\$
	Borrowings	8.88	14 81
	Lease Liability	2,531 28	1,775 30
	Deferred tax liabilities (net)	1,012 36	1,143 30
	Total Non-current liabilities (B)	3,552.52	2,933.41
	Current liabilities
	Financial liabilities
	Borrowings	7,022.75	3,502.49
	Lease Liability	410 82	24469
	Trade payables
	- total outstanding dues of micro and small enterprises	2,746.74	1,788.65
	- total outstanding dues of creditors other than micro and small enterprises	14,599 83	14,393 30
	Other current financial liabilities	2,212.59	2,224 98
	Provisions Other current liabilities	1,572 50	1,369.04 3,658.89
	Current lax liabilities (net)	4,444.92 26426	18891
	Total Current liabilities (C)	33,274.41	27,370.95
	Total Equity and Liabilities (A+B+C)	85,382.21	79,115.56

		(Rs. in Lakhs unless otherwise stared)
	Half year ended Half year ended
Partlculats	30.09.2021 (Unaudited)	30.09.2020 (Unaudited)
cash Flow rrom Operating Activities
Profit before tax
	3,454 31	85446
Non-ci:11sh adjustments:
Ad}ustmo.nt to reconcile profit before tax to net cash flows
Depreciation of property, plant and equipment	1,039.68	982 78
Amortisation of intangible assets	30 43
Al'l'}ort!sat!an of Right to use assets	15717
Depreciation on investment properties	28-78
Profit on sale of Property, plant and equipment	(2 07)
Dividend Income	(323 91)	(127.22)
Liabilities/provisions no longer required, written back	(0.07)
Outstan.dlng balances written off
Unrealised exchange loss	0 76
Provision for Investment in Subsidiary Company	18 50
Rent income	1344 92)	1244.47)
Interest income	[179.29)	(222.0B)
Interest expenses	276 55
Unrealised gain on investment in mutual fund	(63.20)	(118 39)
Operating profit before working capital changes	4,092.72	1,764.55
Movements in working capital :
Increase in trade receivables	(2,458 13)	(1,297 35)
Decrease/(lncrease) in financial assets	422 56	(488 04)
(lncrease)/Decrease in other assets	(157 47)	2,315 96
(lncrease)/Oecrease in inventories	(317 5!1)
Increase in trade payable and other payable	1,16111	1.150 97
Increase in currant liabilities, provisions and financial liability	1.18709	1,464 05
Cash generated from operations	3,930.30	5,469.68
Direct taxes paid	(837,44)	(322.32)
Nat cash generated from operating activities (A)	3,092.86	5,147.36
Cash flows from investing activities
Pu,chase of Property, plant and equipment (including capital wont in progress and capital advances)	(985 54)	(1,14444)
PfQceed.5 from sale of property, plant and equipment	463
Dlvrdona income	323 91
lnve5lmer,t in subsidiaries and Joint ventures	(200 00)	(15000)
Pun:h.11s0: of current investments	(136)	(2,721 67)
lnvo5tment in bank deposits	(2.070 98)
Rent received	344,92
lnl.eres1 received	154 05
Nat cash (used in) investing activities (B)	(2,430.371	(3,384.47)
Ca.sh flows from financing activities
(RepBymenl of)!Proceeds from long term borrowings (net)	(11 .73)
Procbod!li from/(Repayment of) short term borrowings (net)	3,526 06	(3,534 12)
Dividend paid	(2,044 73)
Interest paid	(261 37)
Payment of principal portion of lease liabililies	(121 .98)
Net cash generated from/(used in) financing activities (C)	1,056.25	(4,755_36)
Net increase/(decrease) in cash and cash equivalents (A + B + C)	1,748.74	(2.992-47)
ca5h and cash equivalents at the beginning of lhe year	162.26	3,114 93
cash and cash equivalents at the end of the period	1,911.00
Components of cash and cash equivalents
Cash on hand	4 26
Balance with banks
- On current accounts	906 74 1,000 00
• Deposits wilh original maturity of less than three months

Notes:

1 The above standalone financial results of Lumax Auto Technologies Limited ('the Company') have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on November 11, 2021 The statutory auditors have carried out Limited Review of above financial results of the Company,

2- These standalone financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards (Ind AS) as notified under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 as amended

3 The Company's business activity falls within a single business segment i e manufacturing and trading of Automotive Components, accordingly there are no additional disclosures to be furnished in accordance with the requirement of Ind AS 108 - Operating Segments with respect to single reportable segment Further, the operations of the Company is domiciled in India and therefore there are no reportable geographical segment.

4 , The outbreak of Coronavirus (COVID -19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity Consequent to these uncertainties/ disruptions caused due to continuation of pandemic, the Company has made assessment of impact of this pandemic on its business operations and has made assessment of its liquidity position for the next one year The Company has assessed the recoverability and carrying value of its assets comprising property, plant and equipment, investment properties, intangible assets, right-to-use assets, investments, inventory, advances. trade receivables, other financial and non-financial assets etc. as at period end using various internal and external information up to the date of approval of these standalone financial results Based on current indicators of future economic conditions, the Company expects to recover the carrying amount of these assets. Changing situation of pandemic is giving rise to inherent uncertainly around the extent and liming of the potential future impact of the COVID-19 pandemic which may be different from that estimated as at the date of approval of these standalone financial results and the Company will continue to closely observe the evolving scenario and take into account any future developments arising out of the same

1. The Company on July 02, 2021 had signed a Joint Venture Agreement with Alps Alpine Co, Limited, Japan to establish a Joint Venture company for the manufacturing and sate of electric devices and components including software related lo automotive industry The Joint Venture company was incorporated on Sep 21, 2021 by the name "Lumax Alps Alpine India Private Limited"

6 On June 12, 2021 , the Board of Directors had recommended a final dividend of Rs 3 per equity share for the financial year ended March 31, 2021 , which has been approved by the shareholders in the 40th Annual General Meeting held on August 31 , 2021 According ly, Rs 2,044 73 lakhs was appropriated as distribution to equity shareholders during the quarter ended September 30, 2021

7 The figures for the corresponding and previous period/year have been reclassified, wherever necessary including requirements of the amended Schedule Ill to the Companies Act 2013

B The above financial results are available on the Company's website www,lumaxwortd ln/lumaxautotech an also on U,e websites of NSE (www nselndla com) and BSE (www bseindla.com)

For and on behalf of the Board of Directors of Lumax Auto Technologies Limited ' Place : Gurugram ~ '

DIN: 00085848

Date : November 11, 2021 Chainman

S.R. BAruB01 & Co. LLP

Chartered Accountants

2nd & 3rd Floor Golf View Corporate Tower B Sector - 42, Sector Road Gurugram - 122 002, Haryana, India Tel : +91 124 681 6000

Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors Lum ax Auto Technologies Limited

• I. We have reviewed the accompanying statement of unaudited standalone financial results of Lumax Auto Technologies Limited (the "Company") for the quarter ended September 30, 202 1 and year to date from April 1, 2021 to September 30, 2021 the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
• 1. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants oflndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For S.R. BATLIBOI & Co. LLP Chartered Accountants ICAI Firm registration number: 30l003E/E300005

per Amit Yadav Partner Membership No.: 501753

Place: Gurugtam Date: Now.r>1 hvl. , '/ 2--01-/

Lumax Auto Technologies Limited

LUMftX Regd. Office: 2nd Floor, Harbans Bhawan-11, Commercial Complex, Nangal Raya, New Delhi-110046 DK JAIN Website:www.lumaxwor1d.in/lumaxautotech Tel: +9111 49857832 GROUP Email: shares@lumaxmail.com, CIN: L31909DL1981PLC349793

	(Rs. in Lakhs unless otherwise stated)
	Statement or Consolidated lm,udited financial results for the quarter and half year ended Seplembor 30, 2021
			Quarter ended		Half year endod		Year ende·d
Sr. No.	Particulars	30.09.2021	30.06.2021	30.09.2020	30.09.2021	30.09.2020	31.03.2021
		runaudltedl	I Unaudited•	IUnauditod)	•Unaudited)	!Unaudited)	/Audited\
	Income from operations
	a) Revenue from contracts with customers	40,295 62	26,04811	28,376.58	66,343 73	35,474 93	110,792 85
	b) Other income	32322	280 07	334,83	603 29	73216	1.81847
1	Total Income	40, 618.84	26,328.18	28,711.41	66,947.02	36,207.09	112,611 .32
	Expenses
	a) Cost of raw materials, components and moulds consumed	21,562 05	15,550 27	15,445,60	37,11232	19,449 55	59,673 43
	b) Purchases of traded goods	6,286 76	2,12518	3,572,12	8,411 94	4,116 21	15,861 99
	c) Changes in inventories of finished goods, work-in-progress and traded goods	(507.69)	(76 92)	36,51	(58461)	28814	(46117)
	d) Employee benefits expense e) Finance costs	4,243.26 21462	3,689 38 226 54	3,125.93 245.87	7,932 64 44116	5,374 81 56396	13,240 56 98217
	f) Depreciation and amortisation expense	942.50	85495	809.98	1,79745	1,59312	3,415 14
	g) Other expenses	4,239.21	3,14416	3.218.77	7 383 37	4 514 45	12 676 66
2	Total expenses	36 980.71	25,513.56	26,454.78	62,494.27	35,900.24	105,388.78
	Profit before share of joint ventures, exceptional items and tax (1-2)	3,638.13	814.62	2,256.63	4,452.75	306.85	7,222.54
3
4	Share of (loss)/profit of joint ventures	(11 .95)	(3325)	3.95	(4520)	7 86	(933)
5	Profit before exceptional items and tax (3+4)	3,626.18	781.37	2,260.58	4,407.55	314.71	7,213.21
6	Exceptional Items				-	-	(6300)
7	Profit before tax (5+6)	3,626.18	781.37	2,260.58	4,407.55	314.71	7,150.21
	Tax Expenses
	Current Tax	991 ,55	38662	314.12	1,378 17 -	325 77 390	1,958 93
	Adjustment of tax relating to ear1ier years	5,73	(95.38)	3 90 368.68	(89.65)	(105.44)	(49.23) 125.10
	Deferred Tax charge/(credit) Total Tax Expenses	997.28	291.24	686.70	1 288.52	U 4.23	ll D34,80
8
9	Net Profit for the period/year (7-8)	2,628.90	490.13	1,573.88	3,119.03	90.48	5,115.41
	Other Comprehensive lncome/(Loss) (net of tax)
	Other Comprehensive lncome/(Loss) not to be reclassified to the statement of profit and loss in subsequent year/period
	Re-measurement loss on defined benefits plans	(17 67)	(17 49)	(5 54)	(3516)	(14 51)	(73 03)
	Income tax effect	440	440	(042)	8 80	009	7.82
	Gain/(Loss) on FVTOCI equity securities	(399 00)	(448 35)	1,250.81	(847.35)	2,390.06	3,925.98
	Income tax effect	-	-	-			(7.56)
10	Total Other Comprehensive lncome/(Loss) (net of tax)	(412.27)	(461.44)	1,244.85	(873.71)	2,375.64	3,853.11
11	Total comprehensive income for the period/year (net of tax) (9+10)	2,216.63	28.69	2,818.73	2,245.32	2,466.12	8,968.52
12	Profil/(Loss) attributable to:
	a) Owners of Lumax Auto Technologies Limited	2,339.48	340.57	1,534.03	2,680 05	303 05	4,712 96
	b) Non- controlling interests	289.42	149 56	39.85	438.98	{212.57)	402.45
	Total (a+b)	2,628.90	490.13	1,573.88	3,119.03	90.48	5,115.41
13	Other Comprehensive lncome/(Loss) attributable lo:
	a) Owners of Lumax Auto Technologies Limited	(410.96)	(46011)	1,242 49	(871 .07)	2,372 18	3,858 23
	b) Non- controlling interests	(1 .31)	(1 33)	2.36	(2.54)	346	(512)
	Total (a+b)	(412.27)	(461.44)	1,244.85	(873.71)	2,375.64	3,853.11
14	Total comprehensive income/(loss) attributable lo: (12+13)
	a) Owners of Lumax Auto Technologies Limited	1,928.52	{119 54)	2,776 52	1,808.98	2,675.23	8,571 .19
	b) Non- controlling interests	288.11	148.23	4221	436,34	(20911)	397.33
	Total (a+b)	2 216.63	28.69	2 818.73	2.245.32	2 466.12	8.968.52
15	Paid-up equity share capital (face value of Rs 2 per share)	1,363.15	1,363.15	1,363.15	1,363.15	1,363.15	1,363.15
16	Other equity						51,708.74
17	Earnings per share (face value of Rs. 2 each) (not annualised)
	Basic & Diluted (in Rs.)	3.43	0 50	2 25	3 93	044	6.91
	!Se~ Standalone f lnanclal Information
1	Revenue from contracts with customers	32,225.58	20,003.62	23,518 43	52,229 20	29,597 02	90,294.89
2	Profit before tax for the period/year	2,980 09	474.22	1,881.89	3,454.31	854.46	5,566.82
3	Total Comprehensive lncome/(Loss) for the period/year	1,904 36	{115.55)	2,661 22	1,788,81	3,019.68	8,063 05

	Statement of Unaudited Consolidated Assets and Liabilities	/Rs. in Lakhs unless otherwise staled)
		Asal	As at
	Sr. No. Particulars	30.09.2021	31.03.2021
		(Unaudited)	(Audited)
I	ASSETS
	Non-current assets
	Property, Plant and Equipment Capital work-in-progress	33,044.41 1,376 97	33,153.91 932 86
	Intangible assets	298.65	333.06
	Goodwill	16.64	1664
	Right-to-use asset	3,621 60	2,810 32
	Investment property	1,284 08	1,758 51
	Investment in joint ventures	157.25	10245
	Income tax assets (net)	692 70	678 73
	Financial Assets
	Investments	8,092 79	8,940.14
	Loans Other financial assets	1012 687 40	11 .26 61211
	Deferred tax assets (net)	0 71	8.54
	Other non~urrent assets	1,662 84	93414
	Total Non-current assets (A)	50.946.16	50,292.67
	Current assets Inventories	9,924 36	8,358.76
	Financial Assets
	Investments	4,099 47	4,034 91
	Loans	64 93	57 90
	Trade receivables	25,073.30	22,298.19
	Cash and cash equivalents	3,154 02 9,006 20	1,665 77
	Other bank balances Other financial assets	74961	8,130 47 1,269 83
	Other current assets	4,049.06	2,857.37
	Total Current assets (B)	56120.95	48 673.20
	Total Assets (A+B)	107.067.11	98,965.87
II	EQUITY & LIABILITIES
	Equity share capital	1,363.15	1,363.15
	Other equity	51 ,472.97	51 .708J4
	Equity attributable to equity holders of the parent (A)	52,836.12	53,071.89
	Non-<:ontrolling interests (B)	4,338.04	4,036.62
	Total Equity (A+B)	57,174.16	57,108.51
	Non-currant ll~blllttru,
	Financial liabilities
	Borrowings	1,171 74	55242
	Lease Liability	2,809.21	1,868 26
	Provisions	661 84	630.65
	Deferred tax liabilities (net) Total Non-current liabilities (CJ	129954 5,942.33	1 405 82 4,457.15
	Current liabilities Financial liabilities
	Borrowings	9,566 48	6,685 03
	Lease Liability	60943	734 36
	Trade payables
	- total outstanding dues of micro and small enterprises	3,021.39	2,285 71
	- total outstanding dues of creditors other than micro and small enterprises	18,867.23	18,192.88
	Other current financial liabilities	3,310 27 1,810.67	3,25612 1,544.01
	Provisions Other current liabilities	6,356.89	4,435.02
		408.26	267 08
	Current tax liabilities (net) Total Current liabilities (D)	43,950.62	37,400.21
	Total Equity and Liabilities (A+B+C+D)	107,067.11	98,965.87

	Disclosure of Consolidated Statement of Cash Flows as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended September
30, 2021 :			(Rs. In Lakhs unless otherwise stated)
	Particulars	30.09.2021 (Unaudited)	Half year ended Half year ended 30.09.2020 (Unaudited)
	Cash Flow from Operating Activities
	Profit before tax	4,407 55	314 71
	Non-cash adjustments:
	Adjustment to reconcile profit before tax to net cash flows
	Deprecialion of property, planl and equipment	1,454,04	1,281.93
	Amortisalion of inlangible assets	4B07	36 30
	Amortisalion of Righi to use assets Depreciation on investment properties	266 56	24611
	Profit on sale of Property, planl and equipment	2B 7B (2 30)	2B 7B (1 .03)
	Dividend Income	(36.77)	(31 .51)
	Liabililies/provisions no longer required, written back	(120)	(4504)
	Share of loss/(gain) of joinl venlures	45 20	(7 86)
	Oulslanding balances written off	002	072
	Unrealised exchange (gain)/loss	(1 92)	0.99
	Rent income	(13444)	(244 47)
	Interest income	(1611B)	(27B 50)
	Interest expenses	44116	563 96
	Unrealised gain on investment in mutual fund	(63.20)	(11B.39)
	Operating profit before working capital changes	6,290.37	1,746.70
	Movements in working capital :
	Increase in trade receivables	(2,77113)	(14B 34)
	Decrease in financial assets	426 92	B1 06
	(lncrease)/Decrease in other assets	(1,26941)	2,202 39
	(lncrease)/Decrease in inventories	(1,56560)	2593
	Increase in trade payable and other payable	1,40917	B2011
	Increase in current liabilities, provisions and financial liability	1.996 62	2,011 42
	Cash generated from operations	4,516.94	6,739.27
	Direct taxes paid	(1.250.96)	(413.42)
	Net cash generated from operating activities (A)	3 265.98	6 325.85
	Cash flows from investing activities
	Purchase of Property, plant and equipment (includinA capital work in proAress and capital advances)	(1,79617) 19 07	(2,462 69) -
	Proceeds from sale of property, plant and equipment Proceeds from investment made by non- controllinA interest	100.00	150.00
	Dividend income	3677	31 ,51
	Investment in Joint venture	(10000)	-
	Purchase of current investments	(1 36)	(2,721 67)
	Investment in bank deposits	(875 73) 13444	- 244.47
	Rent received Interest received	13649	341 23
	Net cash (used in) investing activities (B)	(2 346.491	(4 417.1 51
	Cash flows from financing activities
	(Repayment of)/Proceeds from long tenm borrowings (net)	(769 08)	408.61
	Proceeds from/(Repayment of) short tenm borrowings (net)	4,269 85	(3,801 62)
	Dividend paid	(2,279.67)	(759 89)
	Interest paid	(424.27)	(491 .53)
	Payment of principal portion of lease liabilities	(228.07)	(179.14\
	Net cash generated from/(used in) financing activities (C)	568.76	(4,823.57)
	Net increase/(decrease) in cash and cash equivalents (A + B + C)	1,488.25	(2,914.87)
	Cash and cash equivalents at the beginning of the year	1,665.77	3,695.76
	Cash and cash equivalents at the end of the period	3,154.02	780.89
	Components of cash and cash equivalents
	Cash on hand	11 52	10.88
	Balance with banks
	- On current accounls	1,842 50	520 01
	- Deposits with original maturity of less than three months	1 300.00	250 QQ
	Total cash and cash equivalents	3,154.02	780.89

Notes:

1 The above consolidated financial results of Lumax Auto Technologies Limited ("the Company"), its subsidiaries (together referred as "the Group") and its joint ventures have been reviewed by the Audit Cpmml!lee and approved by the Board of Directors al its meeting held on November 11, 2021 . The statutory auditors have carried out Limited Review of above financial results of the Group

2. These consolidated financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards (Ind AS) as notified under Section 133 of the Compahias Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as amended The said financial results represents the results of the Group and its share in results of joint ventures whldl have been prepared in accordance with Ind AS-110- "Consolidated Financial Statements" and Ind AS-28 "Investment in Associates and Joint Ventures".

3. The Group business activity falls within a single business segment i e manufacturing and trading of Automotive Components, accordingly there are no additional disclosures to be furnished in accordance with the requirement of Ind AS 108 - Operating Segments with respect lo single reportable segment Further, the operations of the Group is domiciled in India and therefore there are no reportable geographical segment.

4. The outbreak of Coronavirus (COVID -19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity Consequent to these uncertainties/ disruptions caused due to continuation of pandemic, the Group has made assessment of impact of this pandemic on its business operations and has made assessment of its liquidity position for the next one year The Group has assossod the recoverability and carrying value of its assets compns,ng property, plant and equipment, investment properties, intangible assets, right-to-use assets, investments. inventory, advances, trade receivables, other financial and non-financial assets etc as at period end using various internal and external infonnation up to the date of approval of these consolidated financial results Based on current lndjcalor\$ of future economic conditions, the Group expects lo recover the carrying amount of these assets Changing situation of pandemic is giving rise lo inherent uncertainty around the extent and timing of the polenlial future impact of the COVID-19 pandemic which may be different from that estimated as at the date of approval of these consolidated financial results and the Group will continue to closely obseive the evolving scenario and take into account any future developments arising out of the same

1. The Company on July 02, 2021 had 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 lo automotive industry, The Joint Venture company was incorporated on Sep 21 , 2021 by the name "Lumax Alps Alpine India Private Limited"

6. On June 12, 2021, the Board of Directors had recommended a final dividend of Rs 3 per equity share for the financial year ended March 31, 2021, which has been approved by the shareholders in the 40th Annual General Meeting held on August 31, 2021 Accordingly, Rs, 2,044 73 lakhs was appropriated as distribution to equity shareholders during the quarter ended September 30, 2021

7 The figures for the corresponding and previous period/year have been reclassified, wherever necessary including requirements of the amended Schedule Ill to the Companies Act 2013.

B. The above financial results are available on the Company's website www luma"""o~d.lnllumaxautotech and so on the websites of NSE (www.nseindia.com} and BSE (www.bse1ndla.com}

For and on behalf of the Board of Directors of Lumax Auto Technologies Limited

Place : Gurugram Date : November 11. 2021 Chainnan DIN: 00085848

S.R. BArL1B01 & Co. LLP

Chartered Accountants

2nd & 3rd Floor Golf View Corporate Tower B Sector· 42, Sector Road Gurugram · 122 002, Haryana. India Tel : +91124 681 6000

Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors Lumax Auto Technologies Limited

• I. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results ofLumax Auto Technologies Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") and its joint ventures for the quarter ended September 30, 2021 and year to date from April 1, 2021 to September 30, 2021 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
• 1. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants oflndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Circular No. CIR/CFD/CMDl/44/2019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

1. The Statement includes the results of the following entities:

1.	Lumax Auto Technologies Limited
	Subsidiary Companies
2.	Lumax Mannoh Allied Technologies Limited
3.	Lumax Integrated Ventures Private Limited
4.	Lumax Comaglia Auto Technologies Private Limited
5	Lumax Management Services Private Limited
6.	Lumax Mettalics Private Limited (formerly known as "Lumax Gill-Austem Auto Technologies
	Private Limited")
7.	Lumax FAE Technologies Private Limited
8.	Lumax JOPP Allied Technologies Private Limited
9.	Lumax Yokowo Technologies Private Limited
	Joint Venture entity
10	Lumax Ituran Telematics Private Limited
	Joint Venture entity ofLumax Integrated Ventures Private limited
I I.	Sipal Engineering Private Limited

S.R. BATLIBOI & Co. LLP

Chartered Accountants

• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. The accompanying Statement includes the unaudited interim financial results and other financial information, in respect of:
• Six subsidiaries, whose unaudited interim financial results include total assets of Rs. 24,440.92 lakhs as at September 30, 2021, total revenues of Rs. 6,666.92 lakhs and Rs. 11,486.74 lakhs, total net profit after tax of Rs. 330.01 lakhs and Rs. 269.08 lakhs, total comprehensive income of Rs. 330.31 lakhs and Rs. 269.89 lakhs for the quarter ended September 30, 2021 and the period ended on that date respectively, and net cash outflows of Rs. 363.08 lakhs for the period from April l, 2021 to September 30, 2021, as considered in the Statement which have been reviewed by their respective independent auditors.
• One joint Venture and one joint venture of one of the subsidiary companies, whose unaudited interim financial results include Group's share ofnet loss of Rs 11.95 lakhs and Rs 45.20 lakhs and Group's share of total comprehensive income/ (loss) of Rs (11.95) lakhs and Rs (45.20) lakhs for the quarter ended September 30, 2021 and for the period ended on that date respectively, as considered in the Statement which have been reviewed by their respective independent auditors.

The independent auditor's reports on interim financial information/ financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries and joint ventures is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement in respect of matters stated above is not modified with respect to our reliance on the work done and the reports of the other auditors and the financial results/financial information certified by the Management.

For S.R. BATLIBOI & Co. LLP Chartered Accountants ICAI Firm registration number: 301003E/E300005

per Amit Yadav Partner Membership No.: 501753 -- UDIN: 'Ll \$"'0 I~> A1\14-A--Ff l-i'l34

Pi nce: Gurgaon Date: NOV'l,?'V}k<J)._ I\ 2-0'2..-J