Total expenses increased 22.31% YoY to Rs 975.62 crore during the quarter. Finance cost stood at Rs 18.80 crore (down 1.65% YoY), while employee benefits expense rose 24.56% YoY to Rs 120.57 crore.
Lumax Industries, the flagship company of the DK Jain Group, is a leading manufacturer of automotive lighting systems in India. Founded in 1945, the company has evolved from a trading firm into a market leader in the domestic automotive lighting segment. It has a long-standing technical collaboration with Stanley Electric Co., Japan, which holds a 37.5% equity stake, with an equal share held by the Indian promoters, D.K. Jain and family. The company operates 29 manufacturing facilities across seven states in India.
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