Lumax Auto Technologies Limited — Updates, 13-11-2024: Press Release

**Q2 & Half-Year Financial Performance:**

Revenue for Q2FY25 reached Rs. 842 Cr, a significant 20% increase from Rs. 700 Cr in Q2FY24, marking the highest quarterly revenue to date. EBITDA improved to Rs. 118 Cr, up 18% year-over-year, with margins at 14%. Profit after Tax (PAT) before Minority Interest rose sharply by 38% to Rs. 52 Cr compared to Rs. 38 Cr in the previous year. For the half-year period, revenue also experienced a 20% growth, reaching Rs. 1,598 Cr.

**Strategic Developments:**

The company is moving forward with the acquisition of Greenfuel Energy Solutions, facilitated through its subsidiary, Lumax Resources. This acquisition aims to enhance Lumax's portfolio and drive synergies aligned with its strategic objectives.

**Market Dynamics:**

The market faced challenges in the Passenger Vehicle segment, attributed to external factors such as elections and environmental conditions; however, a recovery in demand is anticipated, particularly during the festive season. The Company’s strong relationships with OEMs and collaborations with international automotive leaders position it well for future growth.

**Investor Outlook:**

With a positive outlook for the upcoming periods, Lumax Auto Technologies appears poised for sustained growth driven by market recovery and strategic initiatives. Investors should monitor developments closely, particularly regarding the integration of the renewable energy business and upcoming product launches.