Lumax Auto Technologies Q4 Review - Bright Outlook: IDBI Capital
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IDBI Capital Report
Lumax Auto Technologies Ltd.'s Q4 FY21 result was below of our expectations in all parameters except Ebitda margin.
We believe with the flattening of Covid-19 curve, 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 the company being a supplier to major original equipment manufacturers have positive impact on its revenue.
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