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


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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


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