Lumax Auto Technologies Q1 Review - Encouraging Business Outlook: IDBI Capital

Automobile components sit in a bin in a factory. (Photographer: Marlene Awaad/Bloomberg)

Lumax Auto Technologies Q1 Review - Encouraging Business Outlook: IDBI Capital

Bookmark

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.'s Q1 FY22 result was below our expectations at operating level due to higher employee cost and other expenses.

We believe opening of economy, higher vaccination drive, and preference toward personal mobility will drive stronger original equipment manufacturer demand in H2 FY22.

We expect strong aftermarket performance due to pent up demand and expect double digit growth across all subsidiaries.

We expect domestic two-wheeler/four-wheeler industry to see a double digit growth in FY22 on a low base and Lumax Auto Tech being a supplier to major OEMs have positive impact on its revenue.

Click on the attachment to read the full report:

IDBI Capital Lumax Auto Technologies Q1FY22 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.