Shares of Lux Industries Ltd declined 2.96% to Rs 1,538.20 in early trade on Monday after the company reported a dip in its March quarter profit despite higher revenue. The stock fell by Rs 47 from its previous close of Rs 1,585.20, taking its market capitalization to Rs 46.16 billion.
In its Q4 FY25 earnings report, net profit fell 13.5% year-on-year (YoY) to Rs 48 crore, down from Rs 55.5 crore in the same quarter last year. However, revenue rose 15.6% YoY to Rs 814 crore, compared to Rs 704 crore in Q4 FY24.
Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 72.8 crore, a marginal rise from Rs 71.8 crore a year ago. The operating margin declined to 8.9%, from 10.2% YoY, indicating margin pressures.
The Board of Directors has recommended a dividend of Rs 2 per share (100% on the face value of Rs 2 each) for FY25, subject to shareholder approval at the upcoming AGM. Notably, the promoters and promoter group have voluntarily waived their dividend entitlement for the year.
Lux Industries, founded in 1995 and headquartered in Kolkata, is a leading innerwear and hosiery manufacturer, best known for its brands like Lux Cozi, ONN, GenX, and Lyra. The company exports to over 45 countries and competes with peers such as Rupa & Co., Page Industries, and Dollar Industries.
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