Lumax Industries Q2 results show growth but stock drops
after close1 source ↓written by the desknot a recommendation
- despite reporting
- 6%
- despite reporting
- 25.8% net profit increase
- for Q2
- ₹35.6 cr
- Revenue rose
- 23.3%
- ₹1,008.6 cr
Shares of Lumax Industries fell over 6% despite reporting a 25.8% net profit increase to ₹35.6 cr for Q2. Revenue rose 23.3% to ₹1,008.6 cr, while EBITDA grew 34% to ₹88.7 cr. Margin expanded to 8.8% from 7.4% last year. The decline may reflect market concerns despite strong earnings.
Not investment advice. For informational purposes only.