Lumax Industries Limited — Updates, 12-11-2024: Press Release

**Financial Highlights:** Lumax Industries Limited reported Q2 FY25 consolidated revenue of ₹812 Cr, reflecting a 26.1% year-on-year increase from ₹644 Cr in Q2 FY24. The half-year revenue reached ₹1,578 Cr, up 25.0% compared to the previous year. EBITDA for Q2 FY25 was ₹62 Cr, marking a 9.9% increase, with margins at 7.7%. H1 FY25 EBITDA stood at ₹132 Cr, up 19.4%, with an 8.4% margin.

**Strategic Initiatives and Growth Drivers:** The company highlighted the significant contribution of its LED lighting segment, accounting for 47% of total revenues, and noted a continued commitment to innovation and a modern manufacturing setup.

**Business Developments:** New product launches included headlamps and combination lamps for various vehicle models. They also secured the Sustainability Excellence and Quality Excellence awards from Tata Motors.

**Market Position and Competitive Advantage:** Lumax maintains a robust order book of over ₹2,900 Cr, with an overwhelming 87% of orders in LED lighting, positioning it strongly against market uncertainties, particularly in the passenger vehicle segment.

**Investor Implications:** The strong revenue growth and strategic positioning in the high-demand LED segment indicate a positive outlook for Lumax Industries, presenting potential growth opportunities despite overall automotive sector challenges.