The Board of Lumax Industries at its meeting held on 12 March 2024 has approved setting up of Company`s new manufacturing facility at Sanand (Plant-3), Gujarat. This project will cater to the new orders received from OEM customers for advance lighting solutions. The project is expected to be commissioned by Q1 of FY2024-25. The Board also approved the expansion of Chakan Plant (Phase-II) at Pune. This project will cater to the new orders received from OEM customers for advance lighting solutions. The project is expected to be commissioned by Q3 of FY2024-25.Powered by Capital Market - Live News

Net profit of Lumax Industries declined 13.41% to Rs 25.58 crore in the quarter ended December 2023 as against Rs 29.54 crore during the previous quarter ended December 2022. Sales rose 9.03% to Rs 631.72 crore in the quarter ended December 2023 as against Rs 579.42 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales631.72579.42 9 OPM %9.229.60 - PBDT58.6560.35 -3 PBT35.1240.52 -13 NP25.5829.54 -13 Powered by Capital Market - Live News

Lumax Industries will hold a meeting of the Board of Directors of the Company on 9 February 2024.Powered by Capital Market - Live News

Lumax Industries has commenced its commercial production on 01 November 2023 at its new manufacturing plant situated at Plot No A-79, Block - C, Horizon Industrial Park, Village - Sawardari, Chakan, Pune -410501 Maharashtra. Powered by Capital Market - Live News

Lumax Industries will hold a meeting of the Board of Directors of the Company on 7 November 2023.Powered by Capital Market - Live News