Lumax Auto Technologies hits new high post Q2 results

The stock hit a new high of Rs 662, up 8% on the BSE in early morning trade, after the company reported 13% growth in net profit at Rs 13.33 crore in September quarter

Lumax Auto Technologies hit a new high of Rs 662, up 8% on the BSE in early morning trade, after the company reported 13% growth in net profit at Rs 13.33 crore in September quarter. The auto ancillary company had profit of Rs 11.75 crore in year ago quarter.

Revenue grew 4% at Rs 268 crore during the quarter under review against Rs 258 crore in the corresponding quarter of previous fiscal.

EBITDA (earnings before interest, taxes, depreciation and amortization) margin increased 90 basis points to 10.7% against 9.8% in last year, largely on account of better operating