{"id":133734,"date":"2022-09-06T07:46:39","date_gmt":"2022-09-06T11:46:39","guid":{"rendered":"https:\/\/44.250.171.167\/?p=133734"},"modified":"2022-10-06T05:01:10","modified_gmt":"2022-10-06T09:01:10","slug":"lumax-industries-limited-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/lumax-industries-limited-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Lumax Industries Limited Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Lumax Industries Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/LUMAXIND\/\">LUMAXIND<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Asim with Equirus asked about the drivers of sequential decline in margin. Anmol Jain Joint MD replied that barring tooling, and from a manufacturing point of view, LUMAXIND was able to sustain the sequential margin. However, the small gaps might be due to some RM price escalations, which LUMAXIND is inspecting in subsequent quarters to be recovered from OEMs.<\/li>\n<\/ul>\n<ul>\n<li>Asim with Equirus also enquired if the company is seeing margins going to double digit from here. Anmol Jain Joint MD replied that that has been the endeavor and LUMAXIND believes double digit would be the guidance for the FY23. The company also expects the industry bouncing back to pre-pandemic level volumes resulting in double digit margin.<\/li>\n<\/ul>\n<ul>\n<li>Asim with Equirus asked about the INR1,000 crore order book, when it will go into production and peak out. Anmol Jain Joint MD answered that about 20-25% of this would probably get in the current fiscal as well. And 70-75% of the peak revenue would probably come in the next FY24 and in FY25 the company would have 100% revenue in the books.<\/li>\n<\/ul>\n<ul>\n<li>Abhishek Jain of Dolat Capital asked that due to gas supply constraints from Ukraine and Russia, if LUMAXIND is confident of improving gross margin in FY23. Anmol Jain Joint MD replied that the company is very confident of improving GM. In 1Q23, GM was steady vs. FY22.<\/li>\n<\/ul>\n<ul>\n<li>Abhishek Jain of Dolat Capital enquired, what are the key raw materials where the company is able to pass on the prices to the end consumer and where is the obstacle. Anmol Jain Joint MD answered that in plastic, the biggest consumption would be on polycarbonate as well as on PMMA. In all plastic, LUMAXIND is able to recover the cost escalations from its OEMs.<\/li>\n<\/ul>\n<ul>\n<li>Abhishek Jain of Dolat Capital asked about the loss from foreign exchange fluctuation. Anmol Jain Joint MD replied that the loss in absolute amount was INR2 crore and it\u2019s more of a notional unrealized loss as per the accounting standard.<\/li>\n<\/ul>\n<ul>\n<li>Parag Someshwar with AG Securities asked that Maruti has launched two new models, New Brezza and Grand Vitara and if LUMAXIND will be supplying LED headlamps and tail lamps to these models. Anmol Jain Joint MD clarified the company is not on the head and tail of both these models. It\u2019s because Maruti has given certain models specifically to LUMAXIND.<\/li>\n<\/ul>\n<ul>\n<li>Mahek Talati from YellowJersey Investment asked about kit value for LED and conventional lighting. Anmol Jain Joint MD replied that it depends on the segment. In two wheeler and in four wheeler it will hugely differ. It will also be different for a headlamp and a tail lamp. As a perspective, on a conventional two-wheeler headlamp to LED headlamp, the pricing goes up by almost 2.5-3 times.<\/li>\n<\/ul>\n<ul>\n<li>Mahek Talati from YellowJersey Investment enquired about percentage wise LED imported. Anmol Jain Joint MD said the imported content in two wheelers it will be about 25-30% and on a four-wheeler it would be plus minus 50%.<\/li>\n<\/ul>\n<ul>\n<li>Jiya Verma with MR Securities asked that with all the new launches planned, from this year to next year by OEM, if the company is seeing any increase in demand. Anmol Jain Joint MD answered that the order book of company is about INR1,000 crore. A significant chunk of it, about close to 60-70% of the order book is in the passenger car segment.<\/li>\n<\/ul>\n<ul>\n<li>Jiya Verma with MR Securities enquired\u00a0 about the margin difference between LED and conventional lighting. Anmol Jain Joint MD answered that in terms of the margin, LEDs will have higher margin than conventional, but it won\u2019t be at the GM level due to import dependability. EBITDA margin get better on a LED technology rather than a conventional one.<\/li>\n<\/ul>\n<ul>\n<li>Ashutosh Tiwari of Equirus asked that in the order book of INR1,000 crore, of which 30% is from EVs, which are the key OEMs. Anmol Jain Joint MD said there are multiple OEMs like Tata Motors, two wheeler markers, and other OEMs also but names cannot be divulged.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Lumax Industries Limited (LUMAXIND) Q1 FY23 Earnings Concall Q&amp;A Highlights: Asim with Equirus asked about the drivers of sequential decline in margin. Anmol Jain Joint MD replied that barring tooling, and from a manufacturing point of view, LUMAXIND was able to sustain the sequential margin. However, the small gaps might be due [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Lumax Industries Limited Q1 FY23 Earnings Conference Call Insights #LUMAXIND #Q1 #FY23 #Earnings","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,12],"tags":[9506],"class_list":["post-133734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-other-industries","tag-auto-parts"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":138484,"url":"https:\/\/alphastreet.com\/india\/lumax-auto-technologies-limited-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":133734,"position":0},"title":"Lumax Auto Technologies Limited Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"December 20, 2022","format":false,"excerpt":"Key highlights from Lumax Auto Technologies Limited (LUMAXTECH) Q2 FY23 Earnings Concall Management Update: [00:05:04] LUMAXTECH recorded its highest ever quarterly and six monthly revenue at INR487 crores and INR909 crores respectively. Q&A Highlights: [00:10:48] Abhishek Jain of Dolat Capital asked about the driver of plastic integrated part having strong\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":133764,"url":"https:\/\/alphastreet.com\/india\/fiem-industries-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":133734,"position":1},"title":"Fiem Industries Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"September 8, 2022","format":false,"excerpt":"Key highlights from Fiem Industries Ltd (FIEMIND) Q1 FY23 Earnings Concall Q&A Highlights: Ashim from Equirus asked about the reason for sequential decline in sales vs. 4Q22. Rajesh Sharma Director said that there were some models FIEMIND was exporting to Yamaha in Europe and US having some fixed quantity that\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":142342,"url":"https:\/\/alphastreet.com\/india\/lumax-industries-limited-lumaxind-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":133734,"position":2},"title":"Lumax Industries Limited (LUMAXIND) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 21, 2023","format":false,"excerpt":"Lumax Industries Limited (NSE:LUMAXIND) Q3 FY23 Earnings Concall dated Feb. 14, 2023. Corporate Participants: Deepak Jain\u00a0--\u00a0Chairman & Managing Director Sanjay Mehta\u00a0--\u00a0Group Chief Financial Officer Anmol Jain\u00a0--\u00a0Joint Managing Director Analysts: Ashutosh Tiwari\u00a0--\u00a0Equirus Securities -- Analyst Sunil Kothari\u00a0--\u00a0Unique Asset Management LLP -- Analyst Nikhil Upadhyay\u00a0--\u00a0SiMPL -- Analyst Nidhi Babaria\u00a0--\u00a0Envision Capital -- Analyst\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":175110,"url":"https:\/\/alphastreet.com\/india\/lumax-industries-limited-lumaxind-q1-2026-earnings-call-transcript\/","url_meta":{"origin":133734,"position":3},"title":"Lumax Industries Limited (LUMAXIND) Q1 2026 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"Lumax Industries Limited (NSE: LUMAXIND) Q1 2026 Earnings Call dated Aug. 08, 2025 Corporate Participants: Unidentified Speaker Anmol Jain \u2014 Joint Managing Director Ravi Teltia \u2014 Chief Financial Officer Analysts: Unidentified Participant Rehan Syed \u2014 Analyst Viraj Kacharia \u2014 Analyst Mihir Vora \u2014 Analyst Harshit Javeri \u2014 Analyst Apurva Mehta\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":136950,"url":"https:\/\/alphastreet.com\/india\/balkrishna-industries-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":133734,"position":4},"title":"Balkrishna Industries Ltd Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 18, 2022","format":false,"excerpt":"Key highlights from Balkrishna Industries Ltd (BALKRISIND) Q2 FY23 Earnings Concall Q&A Highlights: [00:10:13] Siddhartha Bera from Nomura asked that on volume outlook, what has changed so much that the company is not giving volume outlook for the year. Rajiv Poddar Joint MD said that the reason is that geopolitical\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":133449,"url":"https:\/\/alphastreet.com\/india\/avanti-feeds-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":133734,"position":5},"title":"Avanti Feeds Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 25, 2022","format":false,"excerpt":"https:\/\/youtu.be\/LOyqJBAvC1M Key highlights from Avanti Feeds Ltd (AVANTIFEED) Q1 FY23 Earnings Concall Management Update: AVANTIFEED said that as the demand for shrimp feed is expected to increase, the company has completed setting up of the new manufacturing facility in Bandapuram, with annual installed capacity of 1,75,000 metric tons with a\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/133734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=133734"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/133734\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=133734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=133734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=133734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}