Lumax Auto Q3 Review - Revenue Beats; Execution Remains A Key: IDBI Capital
Electric power steering gears sit on the production line. (Photographer Buddhika Weerasinghe/Bloomberg)

Lumax Auto Q3 Review - Revenue Beats; Execution Remains A Key: IDBI Capital


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

Lumax Auto Technologies Ltd. Q3 FY21 result was ahead of our expectations on the back of better aftermarket performance and double-digit growth across all subsidiaries.

We believe positive macro factors, vaccination program in place, more cities opening up are improving sentiments are good for retail demand.

We expect domestic two-wheeler/four-wheeler industry to see double-digit growth for FY22 on a low base and the company being a supplier to have a positive impact on their revenue.

Click on the attachment to read the full report:

IDBI Capital Lumax Auto Technologies Q3FY21 Result Update.pdf


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