Lumax Auto Technologies Ltd. — Regulatory Filings 2021

Jun 12, 2021

LATL:CS:BM:2021-22

BSE limited listing Compliance Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai• 400 001

Date : 12.06.2021

National Stock Exchange of India limited Listing Compliance Department Exchange Plaza, C-1 Block G, Sandra Kurla Complex, Sandra (E), Mumbai 400051

Symbol: LUMAXTECH

Subject: Outcome of Board Meeting held on Saturday, 12th June, 2021

Dear Sir/Ma'am,

Scrip Code : 532796

Pursuant to the provisions of Regulation 30 and other applicable Regulations of the Securities and Exchange Board of lndi.a (Listing Obligations and Disclosure Requirements) Regulations, 2015, (hereinafter referred to as "the Listing Regulations"), we are pleased to inform you that the Board of Directors, at their Meeting held today i.e. Saturday, 12th June, 2021, through video conferencing, has inter-alia, considered and approved the following matters:

1. The Audited Standalone and Consolidated Financial Results for the 4th Quarter and Financial Year ended 31st March 2021, as recommended by the Audit Committee. A copy of the Standalone and Consolidated Audited Financial Results along with Auditors Report of the Statutory Auditors i.e., M/s S.R. Batliboi & Co. LLP are enclosed herewith as per Regulation 33 of the listing Regulations.

As per Regulation 33(3)(d) of the Listing Regulations, the Statutory Auditors have given Unmodified Opinion on the Annual Audited Financial Results ofthe Company for the year ended 31st March, 2021 and the declaration to that effect is also enclosed.

• 1. Recommendation of Final Dividend of INR. 3.00 /- per Equity Share (150 %) of the Face Value of INR. 2/- for the Financial Year 2020-21 subject to the approval of Shareholders in the ensuing Annual General Meeting of the Company. The dividend, if approved by the Shareholders, will be paid within 30 days of approval/declaration.
• 1. Approved and fixed the closure of the Register of Members and Share Transfer Books of the Company from Tuesday, August 24, 2021 to Tuesday, August 31, 2021 (both days inclusive) for the purpose of 40th Annual General Meeting & for payment of Dividend (if declared at the Annual General Meeting) for the Financial Year ended 31st March, 2021.
• 1. Convening of 40th Annual General Meeting (AGM) of the Company on Tuesday, August 31, 2021 for the Financial Year ended 31st March, 2021.

The Meeting commenced at 12.50 PM and concluded at 05.15 PM.

The above information shall also be made available on the website of the Company at www.lumaxwmj.c;jjn/lumaxautotech.

This is for your information and records.

Thanking you, Yours faithfully,

For Lumax Auto Technologies Limited

2

AnilTyagi Company Secretary M.No. A-16825 ^~Encl.: as above

~ ;'!; ^~Lu max Auto Technologies Limited

g Regd. Offlce: ~ 2°~ Floor; Harbans Bhawan-11, ':'l Commercial Complex, Nangal Raya, o Nev.1 Delhi 11.0046, India

+91 11 4985 7832

www.lumaxworld.ln

Date : 12.06.2021

LATL:CS:BM:2021-22

SSE Limited Listing Compliance Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001

National Stock Exchange of India Limited Listing Compliance Department Exchange Plaza, C-1 Block G, Sandra Kurla Complex, Sandra (El, Mumbai - 400051

Scrip Code : 532796

Symbol : LUMAXTECH

Subject: Declaration in terms of Regulation 33(3)(dl of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations. 2015

Dear Sir/Ma'am,

In terms of the second proviso to Regulation 33(3)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we declare that M/s S.R. Batliboi & Co. LLP, Statutory Auditors of the Company have provided the Audit Reports with unmodified opinion for the Audited Financial Results (Standalone and Consolidated) of the Company for the Financial Year ended 31st March, 2021.

You are requested to kindly take the same in your records.

Thanking you,

Yours faithfully,

For Lumax Auto Technologies Limited

Ashish Dubey Chief Financial Officer

::; ill LumaK Auto Technologies Limited

@ Regd. Office~ T +91 11 4985 7832 ^~i ¹⁴Floor, Harbans Bhawan-11, E share-s@iurnaxmail.com 5 Commerdal Complex., Nan.gal Ra·ya, * ^zDK JAIN o New Delhi 110046, India www.iumaX\vodd.in GROUP

Statement of Standalone audited/ un-audited financial results for the year and quarter ended March 31, 2021

Lumax Auto Technologies Limited * Regd. Office : 2nd Floor, Harbans Bhawan-11, Commercial Complex, Nangal Raya, New Delhi• 110046 DK Website:www.lumaxworld.in/lumaxautotech Tel: +91 11 49867832 Email: shares@lumaxmail.com, CIN: L31909DL1981PLC349793

(Rs. in Lakhs unless otherwise stated)

		Year ended
Sr. No.	Particulars	31.03.2021	Quarter ended 31.12.2020	31.03.2020	31.03.2021	31.03.2020
		IAuditedl'	I Unaudited)	IAuditedl	I Audited)	IAuditedl
	Continuing operations
1	Income from operations
	Revenue from contracts with customers	31,061.80	29,636.07	21,679.87	90,294.89	94,236.07
	Other income	470.18	625.11	940.41	2,206.43	2,717.95
	Total Income	31,631.98	30,261.18	22,620.28	92,501.32	96,964.02
2	Expenses
	a) Cosl of raw materials, components and moulds consumed	16,181.36	15,475.11	11,257.80	47,682.05	50,228.88
	b) Purchases of traded goods	6,187.33	5,558.45	4,290.84	15,861.99	15,484.12
	c) Changes in inventories of finished goods, work-in-progress
	and traded goods	(322.43)	(366.16)	(402 99)	(292.75)	(542.28)
	d) Employee benefits expense e) Finance Costs	2,971.67	2,755.73 119.89	2,333.54	9,591.07	9,592.30 713.98
		142.42		175.50	715.03
	f) Depreciation and amortisation expense g) Other expenses	651.27 3,633.74	650.82 3,441.60	649.40 3,470.07	2,509.14 10,867.97	2,694.69 12,657.28
	Total expenses	29,445.36	27,636.44	21,774.16	86,934.50	90,828.97
3	Profit before tax from continuing operations (1-2)	2,086.62	2,626.74	846.12	6,566.82	6,126.06
4	Tax Expenses
	Current tax	586.03	674.74	207.13	1,491.53	1,549.71
	Adjustment of tax relating to earlier years		(43.83)		(39.93)	(40.17)
	Deferred tax	(49.25)	(10.58)	12.67	(93.51)	(511.87)
5	Net Profit for the period/ year from continuing operations	1,549.84	2,006.41	626.32	4,208.73	5,127.38
6	Discontinued operations
	Profit before tax for the period / year from Discontinued operations					948.58
	Tax expense of Discontinued Operations		-	-		123.29
	Profit for the period / year from Discontinued operations					825.29
7	Profit for the period/ year (6+6)	1,649.84	2,006.41	626.32	4,208.73	5,952.67
8	Other Comprehensive Income / loss (net of taxes)
	Other Comprehensive Income not to be redassified to statement of profit and loss in subsequent period
	Re-measurement loss on defined benefits plans	(31.87)	(13.57)	(33.15)	(72.60)	(54.31)
	Income tax effect	3.64	1.66	7.78	8.60	13.67
	Gain/(Loss) on FVTOCI equity securities	1,299.93	235.99	(2,287.25)	3,925.98	(5,113.50)
	Income tax effect	(7.66)	-	(42.79)	(7.66)	48.84
9	Total comprehensive income/(loss) for the period/ year (net of tax) (7+8)	2,813.88	2,229.49	(1,729.09)	8,063.05	847.37
10	Earnings per share (Rs. per share of face value of Rs. 2 each )
	Earnings per share for Continuing operations (In Rs.) :
	Basic & Diluted	2.27	2.94	0.92	6.17	7.52
	Earnings per share for Discontinued operations (In Rs.) .
	Basic & Diluted	-				1.21
	Earnings per share for Continuing and Discontinued operations: (In Rs.) :
	Basic & Diluted	2.27	2.94	0.92	6.17	8.73

	Statement of Assets and Liabilities
	S. No. Particulars	As at 31.03.2021 tAuditedl	Asal 31.03.2020 {Audited)
I	ASSETS
	Non-current assets
	Property, Plant and Equipment	19,890.52	20,342.65
	Capital wor1<-in-progress	514.41	113.05
	intangible assets	168.88	133.71
	Right-to-use asset	2,277.03	2,141.78
	investment property	1,758.51	1,815.92
	investment in subsidiaries and joint ventures	7,202.94	6,211.22
	income tax assets (net)		78.99
	Financial Assets
	Investments	8,940.14 491.10	5,014.16 471.16
	Loans Other financial assets		150.00
	Other non-current assets	1,349.97	1,357.91
	Sub-Total Non-Current assets (A)	42,593.50	37,830.55
	Current assets
	inventories	4,495.21	3,963.97
	Financial Assets
	Investments	4,034.91	1,130.70
	Loans	1,166.92	47.85
	Trade receivables	17,954.69	16,484.89
	Cash and cash equivalents Other bank balances	162.26 6,268.82	3,114.93 4,516.05
	Other financial assets	1,252.40	271.87
	Other current assets	1,186.85	1,354.82
	Assets held for sales		366.22
	Sub-Total Current assets (B)	36,522.06	31,251.30
		79,116.56	69,081.85
	Total Assets (A+B)
ii	EQUITY & LIABILITIES
	Equity share capital	1,363.15	1,363.15
	Other equity	47,448.05	40,066.57
	Total equity (A)	48,811.20	41,429.72
	Non-current liabilities
	Financial liabilities
	Borrowings	14.81	11.62
	Other non-current liabilities	1,775.30	1,856.65
	Deferred tax liabilities (net)	1,143.30	1,237.74
	Sub-total non-current liabilities (B)	2,933.41	3,106.01
	Current liabilities
	Financial liabilities
	Borrowings	3,483.70	6,500.00
	Trade payables
	- total outstanding dues of micro and small enterprises	1,788.65	651.22
	- total outstanding dues of creditors other than micro and small enterprises Other current financial liabilities	14,393.30 2,243.77	11,611.46 1,896.45
	Employee benefit liabilities	1,369.04	1,037.19
	Other current liabilities	3,903.58	2,849.80
	Current tax liabilities (Net)	188.91
	Sub-total current liabilities (C)	27,370.95	24,546.12
	Total Equity and Liabilities (A+B+C)	79,115.56	69,081.85

For the year For the year ended ended 31.03.2021 31.03.2020 Particulars Cash Flow from Operating Activities Profit before tax from continuing operations 5,566.82 Profit before tax from discontinued operations Non-cash adjustments: Adjustment to reconcile profit before tax to net cash flows Depreciation of property, plant and equipment 2,061.68 Amortisation of intangible assets 47.74 Depreciation on Right to use assets 342.31 Depreciation on investment properties 57.41 Profit on sale of Property, plant and equipment (221.32) Dividend Income (127.22) Liabilities/ provisions no longer required, written back (86.18) Provision for doubtful debt 44.17 Outstanding Balance written off 0.57 Unrealised exchange (gain)/loss (8.13) Rent income (527.38) Interest income (337.74) Interest expenses 715.03 Unrealised (gain)/loss on investment in mutual fund (182.53) Operating profit before working capltal changes 7,345.23 Movements in working capital : (1,518.31) (lncrease)/Decrease in trade receivables Increase in financial assets (2,036.87) Decrease/ (Increase) in other assets 282.70 Increase in inventories (531.24) Increase/ (Decrease) in trade payable and other payable 4,017.92 lncrease/(Decrease) in current liabilities, provisions 1 financial liability 1,818.68 Cash generated from operations 9,378.11 Direct taxes paid (1,291.06) Net cash generated from operating activities (A) 8,087.05 Cash flows from investing activities Purchase of fixed assets (including capital in progress and capital advances) (2,054.00) Proceeds from sale of property plant and equipment 70.17 Dividend income 127.22 Investments in subsidiaries and Joint ventures (991.72) (Purchase) / Redemption of mutual fund (2,721.44) Realised Gain on investment in mutual fund (0.24) Investment in bank deposits (1,752.77) 527.38 Rent received Interest received 405.07 Net cash (used in)/ generated from investing activities (B) (6,390.33) Cash flows from financing activities Repayment of long term borrowings (net) (6.17) (Repayment on / Proceeds from short term borrowings (net) (3,016.30) Dividend paid (including tax thereon) (681.58) Interest paid (715.02) Payment of principal portion of lease liabilities (230.32) Net cash used in financing activities (C) (4,649.39) (2,952.67) Net (decrease)/ Increase in cash and cash equivalents (A + B + C) Cash and cash equivalents at the beginning of the year 3,114.93 Cash and cash equivalents at the end of the year 162.26 Components of cash and cash equivalents 437 Cash on hand Balance with banks 7 On current accounts 157.89 ~ Deposits with original maturity of less than three months

Notes:

1. These financial results have been prepared in accordance with Indian Accounting Standards (Ind - AS) as prescribed under Section 133 of the Companies Act 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules 2015 and relevant amendment thereafter.

2. 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 their meeting held on June 12, 2021.The statutory auditors of the Company have conducted Audit of these standalone financial results pursuant to regulation 33 of SEBI (listing Obligation and Disclosures Requirements) Regulations, 2015.

3. The Company's business activity falls within a single business segment i.e. manufacturing and trading of Automotive Components and therefore, segment reporting in tenns of Ind-AS 108 on Segmental Reporting is not applicable.

4. The Company has considered the possible effects that may result from the global health pandemic relating to COVID-19 in preparation of these financial results including recoverability of carrying value of financial and non-financial assets, based on the internal and external information available upto the date of approval of these financial results. The Company is continuously monitoring any material changes in future economic conditions.

1. The Code on Social Security 2020 (Code), which received the Presidential Assent on 28 September 2020, subsumes nine laws relating to social security, retirement and employee benefits, including the Employees Provident Fund and Miscellaneous Provisions Act, 1952 and the Payment of Gratuity Act, 1972. The effective date of the Code is yet to be notified and related rules are yet to be framed. The impact of the change, if any, will be asses.sed and recognized post notification of the relevant provisions.

2. The Board of Directors have recommended a dividend of Rs. 3/- per equity share (31 March 2020: Rs.3/- per equity share) for the Financial Year 2020-21 subject to approval of the shareholders.

3. * The figures for the quarter ended March 31, 2021 are the balancing figures between the audited figures in respect of the full financial year ended March 31, 2021 and the unaudited year to date figures upto the third quarter of the financial year which was subject to review by the statutory auditors.

4. The above financial results are available on the Company's website www.lumaxworld.in/lumaxautotech .and also on the websites of NSE (www.nseindia.com) and BSE (www.bseindia.com)

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

DK Jain Chainnan DIN:00086848

Place : New Delhi Date : June 12, 2021

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

To

Th.Ii}. Board of Directors of Lumax Auto Technologies Limited

Report on the audit of the Standalone Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date standalone financial results of Lumax Auto Technologies Limited (the "Company") for the quarter ended March 31, 2021 and for the year ended March 31, 202 l ("Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation .33 of the SEBI (Listing Obligations an.d Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").

ln our opinion and to the best of our information and according to the explanations given to us, the Statement:

• 1. is presented in accordance with the requirements of the Listing Regulations in this regard; and
• ii. gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in lndi<\ of the net profit and other comprehensive income and other financi;:1.l information of the Company for the quarter ended March 31, 202 l and. for the year en.ded Marc.h 31, 202 l.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those Standards are further described in the·· Auditor's Responsibilities for the Audit of the Standalone Financial Results" section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to ot1r audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe thi1t the audit evidence obtained by u:,; is suffic.ient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Standalone Financial Results

The Statement has been prepared on the basis of the standalone annual financial statements. The Board of Direct.ors of the Company are responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit and other comprehensive income of the Cornpany and other financial inforrn.ation in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principle~ generally accepted in Indiu and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and

application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls. that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Statement, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters rel;,1ted to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations. or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone :Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable a8sunmce is a high level of assurance but ii:; not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or enor and are considered material if. individually or in the aggregitte, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error. design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from en-or, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section l 43(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
• Conclude on the appropriateness of the Board of Directors· use of the going concern basis of accounting and, based on the audit evidence obtained. whether a material unce1tainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or. if such disclosures are inadequate. to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause. the Company to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying trans.actions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that. we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Gther Matter

The Statement includes the results for the quarter ended March 31, 2021 being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2021 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us. as required under the Listing Regulations,

For S.R. BA TLIBOI & Co. LLP Chartered Accountants ICAI Fir~egistrat~n Number: 301003E/E300005 ~&

'-'"' .7 perVikas V Partner Membership No.: 094421

UDIN: 210944 21 AAAACI6287

Place: New Delhi Date: June 12, 2021

Lumax Auto Technologies Limited * Regd. Office : 2nd Floor, Harbans Bhawan--11, Commercial Complex, Nangal Raya, New Delhi-110046 Webslte:www.lumaxwo~d.in/lumaxautotech Tel: +9111 49867832 HK Email: shares@lumaxmail.com, CIN: L319090L1981PLC349793

(Rs. in Lakhs unless otherwise stated)

	Statement of Consolidated audited I un-audlted financial results for the year and quarter ended March 31, 2021
			Quarter ended		Year ended
Sr.No,	Particulars	31,03,2021 (Audited)•	31,12.2020 (Unaudited)	31.03.2020 (Audited)	31.03.2021 (Audited)	31.03.2020 (Audited)
	Continuing Operations
1	Income from operations
	Revenue from contracts with customers Other income	38,798.18 401.58	36,519.74 684.73	27,274.39 652.45	110,792.85 1,818.47	114,091.38 1,810.15
	Total Income	39,199.76	37,204.47	27,926.84	112,611.32	116,901.63
2	Expenses a) Cost of raw materials, components and moulds consumed	20,565.79	19,658.09	14,737.45	59,673.43	62,070.27
	b) Purchases of traded goods	6,187.33	5,558.45	4,147.95	15,861.99	15,484.12
	c) Changes in inventories of finished goods, work-in-progress and traded goods	(338.65)	(410.66)	(450.12)	(461.17)	(315.60)
	d) Employee benefits expense	4,027.62	3,838.13	3,201.10	13,240.56	13,477.81
	e) Finance costs f) Depreciaf1on and amorf1sation expense	198.32 917.21	219.89 904.81	242.45 828.20	982.17 3,415.14	956.24 3,450.92
	g) other expenses Total ex.penses	4,082.75	4,079.46	4,174.94	12,676.66 105,388.78	14,279.39
	Profit before share of joint ventures, exceptional items and tax from continuing	35,640.37 3,669.39	33,848.17 3,366.30	26,881.97 1,044.87	7,222.64	109,403.16 6,498.38
3	operations (1-2)
4 5	Share of loss of joint ventures Profit before exceptional items and tax from continuing operations (3+4)	(13.93) 3,545.46	(3.26) 3,363.04	(16.19) 1,028.68	(9.33) 7,213.21	(30.10) 6,468,28
6	Exceptional Items Profit before tax from Continuing Operations (6+6)	(63.00)		1,028.68	(63.00) 7,150.21
7 8	Tax Expenses	3,482.46	3,353.04			6,468.28
	Current Tax Adjustment of tax relating to earlier years	811.52 0.52	821.64 (53.65)	297.56	1,958.93 (49.23)	1,988.12 (50.01)
	Deferred Tax	181.48	49.06	107.53	125.10	1570.27\
9	Net Profit for the period/ year from continuing operations	2,488.94	2,636.99	623.59	5,116.41	5,100.44
10	Discontinued Operations
	Profit before tax for the period / year from Discontinued operations Tax expense of Discontinued Operations					948.58 123.29
	Profit for the period I year from Discontinued operations					826.29
11	Profit for the period I year (9+10)	2,488.94	2,635.99	623.59	5,115.41	6,926.73
12	Other Comprehensive Income I (Loss) (net of taxes)
	Other Comprehensive Income not to be reclassified to the statement of profit and
	loss in subsequent years Re-measurement loss on defined benefits plans	(55.89)	(2.53)	(21.41)	(73.03)	(29.14)
	Income tax effect	7.22	0.51	2.96	7.82	7.24
	Gain/(Loss) on FVTOCI equity securities Income tax effect	1,299.93 /7.66\	235,99	(2,287.25) (42.76)	3,925.98 /7.66)	(5,113.50) 48.87
	Total comprehensive incomel(loss) for the period/ year {net of tax) (11 +12)	3 732.54	2 769.86	/1 724.87\	8 968.52	839.20
13	Profit attributable to:
	a) Owners of Lumax Auto Technologies Limited - Profrt tor the Period/year from Continuing operations	2,102.32	2,307.59	607.33	4,712.96	4,978.60
	- Profrt for the Period/year from Discontinued operations					826.29
		2,102.32	2,307.69	607.33	4,712.96	5,803.89
	b) Non- controlling interests • Profit for the Period/year from Continuing operations	386.62	228.40	16.26	402.46	121.84
	- Profit for the Period/year from Discontinued operations
		386.62	228.40	16.26	402.46	121.84
	c) Total Profit attributable to: (a+b) - Profit for the Period/year from Continuing operations	2,488.94	2,535.99	623.59	5,115.41	5,100.44
	- Profit for the Period/year from Discontinued operations	2,488.94	2,535.99	623.59	6,115.41	825.29 5,925.73
14	Other comprehensive income/ (Loss) attributable to:
	a) Owners of Lumax Auto Technologies Limited Other comprehensive income/(loss) for the Period/year from
	continuing operations	1,256.13	229.92	(2,351.12)	3,858.23	(5,093.40)
	Other comprehensive income/(loss) for the Period/year from Discontinued operations
		1,266.13	229.92	(2,361.12)	3,858.23	(5,093.40)
	b) Non- controlling interests
	Other comprehensive (loss)/income for the Period/year from Continuing operations	(12.53)	3.95	2.66	(6.12)	6.87
	Other comprehensive (loss)/lncome for the Period/year from
	Discontinued operations	(12.63)	3.96	2.66	(5.12)	6.87
	c) Total Other comprehensive income/(loss) to Non- controlling interesls (a+b) Other comprehensive income/(loss) for the Period/year from
	Continuing operations	1,243.60	233.87	(2,348.46)	3,853.11	(5,086.53)
	• Other comprehensive income/(loss) for the Period/year from Discontinued operations
		1 243.60	233.87	12 348.46	3 863.11	t5 086.63
15	Tot.al comp,henslve lncomel(loss) attributable to: (13+14) a) Owners of Lumax Auto Technologies Limited	3,358.45	2,537.51	(1,743.79)	8,671.19	710.49
	b) Non- controlling interes1s	374.09	232.36	18.92	397.33	128.71
16	Earnings per share (Rs. per share of face value of Rs. 2 each)
	Earnings per share for continuing operations: (In Rs.) : Basic & Diluted ( in Rs.)	3.08	3.39	0.89
	Earnings per share for Discontinued operations: (In Rs.) :				6.91	7.30
	Basic & Diluted ( in Rs.)					1.21
	Earnlng\$ per share for Continuing and Discontinued operations: (In Rs.) : Basic & Diluted ( in Rs.)	3.08	3.39	0.89	6.91	8.52
	Kell Standalone Financial Information Revenue from contracts with customers				90,294.89
1 2	Profit Before Tax from Continuing operations	31,061.80 2,086.62	29,636.07 2,625.74	21,679.87 846.12	5,666.82	94,236.07 6,126.06
3 4	Profit Before Tax from Discontinued operations Total Comprehensive lncome/(loss) for the period/year	2,813.88	2,229.49	(1,729.09)	8,063.05	948.68 847.37

	Statement of Assets and Liabilities
	S.No. Par1iculars	Asat 31.03.2021 (Audited)	As at 31.03.2020 (Audited)
I	ASSETS
	Non-current assets
	Property, Plant and Equipment	33,153.91	30,742.38
	Capltal work-in-progress	932.86	2,074.02
	Intangible assets	333.06	195.12
	Goodwill	16.64	16.64
	Right-to-use asset	2,810.32	2,733.67
	Investment property	1,758.51	1,815.92
	Investment in subsidiaries and joint ventures Income tax assets (net)	102.45 46.13	75.17 322.02
	Financial Assets
	Investments	8,940.14	5,014.16
	Loans	623.37	581.11
	Other financial assets		150.00
	Deferred tax assets (net)	8,54	99.92
	Other non-current assets Sub-Total Non-Current assets (A)	1,566.74 50 292.67	1,660.04 45,480.17
	Current assets Inventories Financial Assets	8,358.76	6,442.61
	Investments	4,034.91	1,130.70
	Loans	60.08	81.32
	Trade receivables	22,298.19	19,277.49
	Cash and cash equival~nts	1,665.77	3,695.76
	Other bank balances	8,130.47	6,666.05
	Other financial assets	1,267.65 2,857.37	195.30 2,793.82
	Other current assets Assets held for sales		366.22
	Sub-Total Current assets (B)	48,673.20	40,649.27
	Total Assets (A+B)	98,965.87	86129.44
II	EQUITY & LIABILITIES
	Equity share capital	1,363.15	1,363.15
	Other equity Equity attributable to equity holders of the parent (A)	51,708.74 53,071.89	43,252.61 44,615.76
	Non-controlling Interests (B)	4,036.62	4,214.07
	Total Equity (A+B)	67108.61	48,829.83
	Non-current liabilities Financial liabilities
	Borrowings	552.42	1,676.23
	Other non current liabilities	1,868.26	2,135.46
	Employee benefit liabilities	630.65	545.55
	Deferred tax liabilities (net) Sub-total non-current liabilities (C)	1,405.82 4,457.16	1,372.26 6,729.60
	Current liabilities Financial liabilities
	Borrowings	4,684.45	7,152.41
	Trade payables
	- total outstanding dues of micro and small enterprises	2,285.71	885.97
	~ total outstanding dues of creditors other than micro and small enterprises	18,192.88	14,853.38
	Other current financial liabilities	5,256.70	3,916.15
	Employee benefrt llabllitles	1,544.01	1,188.27
	Other current liabilities	5,169.38	3,573.93
	Current tax liabilities (net)	267.08
	Sub-total cunrent liabilities (D)	37,400.21	31,570.11
	Total Equity and Liabilities (A+B+C+D)	98,965.87	86,129.44

Particulars		For the year ended 31.03.2020	For the year ended 31.03.2020 (Unaudited)
cash Flow from Operating Activities
Profit before tax from continuing operations		7,150.21	6,468.28
Profrt before tax from discontjr,ued operatkms			948.58
Non-cash adjustments:
Adjustment to re<:onc:::ile profit before tax to net cash flows
Depreciation of property, plant and equipment		2,754.18	2,422.72
Amortisation of intangible assets		7795
Depreciation on Right to use assets
Depreciation on investment properties		52560
		57.41
Profit on sale of Property, plant and equipment		(25&03)
Dividend Income		(31.51)	1282.13)
Liabilities/ provisions no longer required, written back		(184.12)	(197.63)
Share of loss of joint ventures		9.33
Provision for doubtful debt		46.66
Outstanding Balance written off		1.20
Unrealised exchange (gain)/loss		(22.25)
Rent income		(244.78)	(202.31)
Interest income
Interest expenses		(411,91)	(445.65)
Unreal!sed (gain)/loss on investment in mutual fund		982.17
		1182.53
Operating profit before working c:::apital changes		10,289.60	11,015.09
Movements In working capital
(lncrease)/Decrease in trade receivables		(3,079.41)	8,330 12
Increase in financial assets		(1,04223)
Decrease/ (Increase) in other assets		114.68	(1,49597)
Increase in inventories		(1,916.15)
Increase/ (Decrease) in trade payable and other payable		4,957.64	(10,689.23)
Increase in current liabilrties, provisions, financial liability		1,967.74	3,152.18
cash generated from operations		11,271.87	9,607.68
Direct taxes paid			(1 985.49
Net cash genonatad from operating actlvttles (A)		11452861 9,819.01	7,622.19
Cash flows from investing activities
Purchase of fixed assets (Including capital In progress and capital advances)		(4,29916)	(3,545.21)
Proceeds from sale of property plant and equipment		8071	2,238.91
Non - Controlling Interest		70,06
01v1dend income		31.51
Investments in subsidiaries and Joint ventures		(36.61)
(Purchase)/ Redemption of mutual fund		(2,721 44)
Realised Gain on investment in mutual fund		(0.24) '
Investment in bank deposits		(1,464.42)	(3,617.93)
Rent received		244 78
Interest received		510.77
Net cash used in investing ac:::tivities (B)		(7,584.04)	(3,193.11)
cash flows from financing activities
Proceeas from long term borrO'Mngs (net)
(Repayment of)/ Proc:eeds from short term borrowings {net)		212.43
Dividend pa·1d (including tax thereon)		(2,467.96) (759.89)	1,332.60 (4,580.43)
Interest paid		(982.91)
Payment of principal portion of lease liabilities		(266.63)
Net cash used in financing activities (C)		(4,264.96)	(3,334.18)
Net (decrease)/ increase in cash ,md cash equivalents (A + 8 + C)
		(2,029.99)
Cash and cash equivalents at the beginning of the year		3,695.76
Cash and cash equivalents at the end of the yeair		1,665.77
Components of cash and cash eq1.1lvalents
Cash on hand		12.15
Balance v,,ith banks
~ On current accounts		1,193 62
~ Deposits with original maturity of less than three months		460,00

Notes:

1. These consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind - AS) as prescribed under Section 133 of the Companies Act 2013 read wnh Rule 3 of the Companies (Indian Accounting Standards) Rules 2015 and relevant amendment thereafter.

2. The above consolidated financial results have been reviewed by the Audit committee and approved by the Board of Directors at their meeting held on June 12, 2021, Audit under regulation 33 of SEBI (Listing Obligation and Disclosures Requirements) Regulations, 2015 has been carried out by Statutory Auditor of the group.

3. The Group business activity falls within a single business segment i.e. manufacturing and trading of Automotive Components and therefore, segment reporting in terms of Ind-AS 108 on Segmental Reporting is not applicable.

4. The Group has considered the possible effects that may result from the global health pandemic relating to COVID-19 in preparation of these financial results including recoverability of carrying value of financial and non-financial assets, based on the Internal and external Information available upto the date of approval of these financial results. The Group is continuously monitoring any material changes in future economic conditions.

5. The Code on Social Security 2020 (Code), which received the Presidential Assent on 28 September 2020, subsumes nine laws relating to social security, retirement and employee benefits, including the Employees Provident Fund and Miscellaneous Provisions Act, 1952 and the Payment of Gratuity Act, 1972. The effective date of the Code is yet to be notified and related rules are yet to be framed. The impact of the change, if any, will be assessed and recognized post notification of the relevant provisions.

6. The Board of Directors have recommended a dividend of Rs. 3/- per equity share (31 March 2020: Rs.3/- per equity share) for the Financial Year 2020-21 subject to approval of the shareholders

7. During the current year, the Holding Company has acquired a balance stake from the JV partner, Gill Austem LLC in respect of Lumax Gill-Austem Auto Technologies Private Limited (Now Lumax Mettalics Pnvate Limned), hence, has been considered as wholly owned subsidiary of holding company.

8. "The figures for the quarter ended March 31, 2021 are the balancing figures between the audited figures in respect of the full financial year ended March 31, 2021 and the unaudited year to date figures upto the third quarter of the financial year which was subject to review by the statutory auditors.

9. The above financial results are available on the Company's website WWW iumaxworld.in/lymaxautotech and also on the websites of NSE (www.nseindia.com) and BSE (www .bseindia.com)

Place : New Delhi Dale: June 12, 2021 rt-14 OK Jain

Chairman

DIN:00085848

For and on behalf of the Board of Directo" Lumax Auto Technologies Limited

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

To

The Board of Directors of Lumax Auto Technologies Limited

Report on the audit of the Consolidated Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date consolidated financial results of Lumax Auto Technologies Limited (''Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together refened to as "the Group") and joint ventures for the quarter ended March 31, 202 l and for the year ended March 31, 2021 (<;Statement''), attached herewith. being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations")

In our opinion and to the best of our information and according to the explanations given to.us and based on the consideration of the reports of the other auditors on separate audited financial results of the subsidiaries, joint ventures, the Statement:

i.	includes the results of the following entities; --•-•--~oo-•>'• ,.,,
l.	-- Lomax Auto Technoloe:ies Limited --···-~, ,~
	Subsidiarv Comoanies
2.	Lumax Mannoh Allied Technplogies Limited
3.	Lumax Integrated Ventures PrL-:ll:te Limited
4.	Lumax Cornaglia Auto Technologies Private Limited
5.	··-" Lumax Management Services Private LJn2L~c.:2 ___ ,_. ~-,-·
6.	Lumax Mettalics Private Limited (formerly knowns "Lumax Gill-Austem Auto as
	Technologies Private Limited:') -· ---···-~~-"'-"- ✓n-
7.	Lumax FAE Technologies Private Limited - --···~ -~----~-, "·' '"'"''"'·~--
8.	Lumax_JOPP AlliedTechnologies PtivateLimited . ·--·-·"-·""'~' ···•-,---···~
9.	Lumax Yokowo Technologies Private_ Limited -~--
	Joint Venture entity .~~,,--,,•·~···~
10.	Lumax Ituran Telernatics Private .Limited • ~"=•,>n,0,.--w-o~ ,,, "~"'" ,,~,."-.,w-,~"'""'""'" ,~---""'""""~""""' -···•"'"'
	Joint Venture entity of Lum ax Integrated Ventures Private limited
11.	Sipal Engineering Private Limit95i_

ii. are presented in accordance with the requirements of the Listing Reguh1tions in this regard: and

iii. gives a true and fair view in conformity with the applicable accounting standards, and .other accounting principles generally accepted in India, of the consolidated .net profit and other comprehensive income, and other financial information of the Group for the quarter ended March 31, 2021 and for the year ended March 31, 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs), as specified under Section J 43( I 0) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Consolidated Financial Results" section of our report. We are independent of the Group and joint ventures in accordance ··,.with the 'Code of Ethics' issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matter'' paragraph below, is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Consolidated .Financial Results

The Statement has been prepared on the basis of the consolidated annual financial statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of the Statement that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group including its jo.i nt ventures in accordance with the applicable accounting standards prescribed under section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group and of its joint ventures are responsible for maintenance of adequate accounting re.cords in accordance with the provisions of the Act for safeguarding of the assets of the Group and its joint ventures and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and · estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a.true and fair view and are free from material misstatement. whether due to fraud or etrnr, which have been used for the purpose of preparation of the Statement by the Directors of the Holding Company, as aforesaid.

In preparing the Statement. the respective Board of Directors of the companies included in the Group and of its joint ventures are responsible for assessing the ability of the Group and of its joint ventures to continue as a going concern, disclosing. as applkable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group and of its joint ventures are also responsible for overseeing the financial reporting process of the Group and of its joint ventures.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are. to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level ofassurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to il1f1uence the econotnic decisions of users taken on the basis of the Statement.

As part of an audit in accordance with SAs. we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify und assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risk:;, and obtain audit evidence

that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may .involve collusion, forgery, intentional omissions, misrepresentations, or the oveli'ide of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstance8, Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting pol.ides used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
• Conclude on the appropriateness of the Board of Di.rectors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the abil.ity of the Group and its joint ventures to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidenee obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its joint ventures to cease to continue as a going coneem.
• Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a rnanner that achieves fair presentation. ·
• Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group and its joint ventures of which we are the independent auditors to express an opinion on the Statement. We are responsible for· the direction. supervision and performance of the audit of the tfoancial information of such entities included in the Statement of which we are the independent auditors. Por the other entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

We cornmunicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we arc the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with u statement that we have complied with relevant ethical requirements regarding independence, and .to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the Circular No. CJR/CFD/CMD I /44/2019 dated March 29, 20 I 9 issued by the Securities Exchange Board of India under Regulation 33 (8) of the Listing Regulations, to the extent applicable.

Other Matter

The accompanying Statement includes the audited financial results/statements and other financial information, in respect of:

• Six_subsidiaries, whose financial results/statements include total assets of Rs 22.927 lakhs as at March 31, 202 l, total income of Rs 6,220 lakhs and Rs 16,397 lakhs, total net profit after tax of

Rs. 390.70 lakhs and Rs. 328.07 lakhs, total comprehensive income of Rs. 45.37 lakhs and Rs. (0.67 lakhs), for the quarter and the year ended on that date respectively, and net cash (inflows) of Rs. (648.64 lakhs) for the year ended March 31, 202 .I. as considered in the Statement which have been audited by their respective independent auditors.

• Onejoint venture and one joint venture of subsidiary Company, whose financial results/statements include Group's share of net (loss) of Rs. (13. 93 lakhs) and Rs. (9 .33 lakhs) and Group's share of total comprehensive (loss) of Rs. ( 13.93 lakhs) and Rs. (9.33 lakhs) for the quarter and for the year ended March 31, 2021 respectively, as considered in the Statement whose financial results/financial statements, other financial information have been audited by their respective independent auditors.

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

Our opinion on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors.

The Statement includes the results for the quarter ended March :I l, 2021 being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2021 and the published unaudited year-to-date figures up to the end of the third quarter of the cun-ent financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For S.R. BATLIBOI & Co. LLP

Chartered Accountants ICAI Firm egistration, ~ber: 30 l 003E/E300005

o~w~iY:' perVikasMe Partner Membership No.: 094421

UDIN: 2l09442lAAAACK2361 Place: New I)elhi Date: June l 2, 2021