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Dolat Capital Report
Lumax Auto Technologies Ltd. reported better than expected numbers in Q2 FY21.
Revenue de-grew 3% YoY to Rs 2.83 billion while Ebitda grew by 8% YoY led by 114 basis points margin expansion (owing to strong aftermarket revenue).
Going ahead, we expect a ramp up in lighting, gear shifter and sheet metal business, incremental new products (revenue from urea tank, oxygen sensor and four-wheeler plastic moulded parts) and increase in aftermarket revenue will aid earnings in near to medium term.
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