 "Lumax Industries zooms over 30% in four days post Q1 results")
Lumax Industries has zoomed 16% to Rs 441, extending its 17% rally in past three trading sessions on National Stock Exchange, after reporting robust earnings for the quarter ended June 2014 (Q1FY15).
The stock opened at Rs 385 and touched a high of Rs 448, also its record high on NSE. The trading volumes on the counter surged more than ten-fold with a combined 793,000 shares changed hands till early noon deals on NSE and BSE.
Auto parts and equipment maker reported nearly eight-fold jump in net profit at Rs 4.97 crore in Q1FY15, due to strong operational performance. The company had profit of Rs 0.62 crore in the same quarter last fiscal.
Total income from operations increased 1.8% at Rs 275 crore against Rs 270 crore, while total expenditure grew marginally by 0.37% at Rs 268 crore over the previous year quarter.
Finance cost too declined by 24% to Rs 3.54 crore from Rs 4.63 crore during the recently concluded quarter.
Lumax Industries offers a wide array of complete automobile lighting systems and solutions, which includes; stellar quality head lamps and tail lamps, sundry and auxiliary lamps and other related products and accessories for four wheeler, two wheeler, trucks, buses, earth-movers, tractors and a variety of diverse applications.
The stock opened at Rs 385 and touched a high of Rs 448, also its record high on NSE. The trading volumes on the counter surged more than ten-fold with a combined 793,000 shares changed hands till early noon deals on NSE and BSE.
Auto parts and equipment maker reported nearly eight-fold jump in net profit at Rs 4.97 crore in Q1FY15, due to strong operational performance. The company had profit of Rs 0.62 crore in the same quarter last fiscal.
Total income from operations increased 1.8% at Rs 275 crore against Rs 270 crore, while total expenditure grew marginally by 0.37% at Rs 268 crore over the previous year quarter.
Finance cost too declined by 24% to Rs 3.54 crore from Rs 4.63 crore during the recently concluded quarter.
Lumax Industries offers a wide array of complete automobile lighting systems and solutions, which includes; stellar quality head lamps and tail lamps, sundry and auxiliary lamps and other related products and accessories for four wheeler, two wheeler, trucks, buses, earth-movers, tractors and a variety of diverse applications.