Wednesday, October 26, 2005

Lumax Industries plunged 11.7% to Rs 115 after the company reported a sharp fall in Q2 September 2005 net profit


Lumax Industries' net profit declined 91.7% in Q2 September 2005 to Rs 0.22
crore (Rs 2.65 crore). Net sales rose 38% to Rs 98.07 crore (Rs 71.03
crore).

Lumax is a leading automotive lighting solution provider, enjoying a 60%
market share. It mainly caters to the passenger car and the two-wheeler
segments.

The company is planning to ramp up export sales during the next few years.

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