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Lumax Auto Tech Q3 Evaluate

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Lumax Auto Applied sciences Ltd. recorded a robust efficiency in Q3. Ebitda margin expanded 14 foundation factors YoY to 10.5% benefited from working leverage and robust aftermarket.

Income grew 17% YoY led by robust efficiency from sheet steel, gear shifter and aftermarket.

Administration is observing promising restoration in enterprise and anticipating up 20% income progress in FY23. The corporate has Rs 4.5 billion order e book (Rs 3.3 billion of latest orders primarily for gear shifter and sheet steel).

Fueled by the enhancing product combine, new consumer acquisitions and robust unique gear producer volumes.

With a robust 13/15% income/Ebitda compound annual progress charge over FY22‐24E, Lumax Auto Tech is poised for re-rating, as reinvestment and rising capital effectivity to drive worth.

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