Lumax Auto Technologies Q2 Review - On A Strong Growth Trajectory, Tempting Valuation: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Lumax Auto Technologies Ltd. recorded a strong performance in Q2. Ebitda margin expanded 61 basis points YoY to 11.1% benefited from operating leverage and strong aftermarket. Revenue grew 42% YoY led by strong performance from sheet metal, plastic molded parts and aftermarket. Management is observing promising recovery in business and expecting 20% plus revenue growth in FY22. Company has Rs 4.4 billion order book (Rs 3.3 billion of new orders mainly for gear shifter and sheet metal). Fueled by the improving product mix, new client acquisitions and strong original equipment manufacturer volumes, we reckon that Lumax Auto to see sharp growth in revenues (~1.4 times) and expand margins (to 10% plus on an annual basis) by FY23E. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Lumax Auto Technologies Q2 Review - On A Strong Growth Trajectory, Tempting Valuation: Dolat Capital

Lumax Auto Technologies Q2 Review - On A Strong Growth Trajectory, Tempting Valuation: Dolat Capital

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