Lumax Industries announced that the Board of Directors of the Company at its meeting held on 24 May 2024, inter alia, have recommended the final dividend of Rs 35 per equity Share (i.e. 350%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Lumax Industries rose 73.83% to Rs 36.07 crore in the quarter ended March 2024 as against Rs 20.75 crore during the previous quarter ended March 2023. Sales rose 22.13% to Rs 742.69 crore in the quarter ended March 2024 as against Rs 608.10 crore during the previous quarter ended March 2023.For the full year,net profit rose 7.70% to Rs 111.02 crore in the year ended March 2024 as against Rs 103.08 crore during the previous year ended March 2023. Sales rose 13.67% to Rs 2636.59 crore in the year ended March 2024 as against Rs 2319.52 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales742.69608.10 22 2636.592319.52 14 OPM %8.878.04 -8.748.94 - PBDT78.8759.32 33 252.02234.50 7 PBT52.1838.15 37 159.17154.58 3 NP36.0720.75 74 111.02103.08 8 Powered by Capital Market - Live News

Lumax Industries will hold a meeting of the Board of Directors of the Company on 24 May 2024Powered by Capital Market - Live News

The Board of Lumax Industries at its meeting held on 12 March 2024 has approved setting up of Company`s new manufacturing facility at Sanand (Plant-3), Gujarat. This project will cater to the new orders received from OEM customers for advance lighting solutions. The project is expected to be commissioned by Q1 of FY2024-25. The Board also approved the expansion of Chakan Plant (Phase-II) at Pune. This project will cater to the new orders received from OEM customers for advance lighting solutions. The project is expected to be commissioned by Q3 of FY2024-25.Powered by Capital Market - Live News

Net profit of Lumax Industries declined 13.41% to Rs 25.58 crore in the quarter ended December 2023 as against Rs 29.54 crore during the previous quarter ended December 2022. Sales rose 9.03% to Rs 631.72 crore in the quarter ended December 2023 as against Rs 579.42 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales631.72579.42 9 OPM %9.229.60 - PBDT58.6560.35 -3 PBT35.1240.52 -13 NP25.5829.54 -13 Powered by Capital Market - Live News