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Lux Industries reports 59% fall in Q4 consolidated net profit
May-30-2023

Lux Industries has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported 56.15% fall in its net profit at Rs 32.67 crore for the quarter under review as compared to Rs 74.50 crore for the same quarter in the previous year. However, total income of the company increased by 23.52% at Rs 724.60 crore for Q4FY23 as compared to Rs 586.62 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 59.18% fall in its net profit at Rs 29.84 crore for fourth quarter ended March 31, 2023 as compared to Rs 73.10 crore for the same quarter in the previous year. However, total income of the company increased by 22.29% at Rs 725.11 crore for Q4FY23 as compared to Rs 592.96 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 57.01% fall in its net profit at Rs 146.76 crore as compared to Rs 341.39 crore for the previous year. However, total income of the company increased by 4.23% at Rs 2,386.76 crore for year under review as compared to Rs 2,289.99 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 59.34% fall in its net profit at Rs 137.47 crore as compared to Rs 338.06 crore for the previous year. However, total income of the company increased by 3.66% at Rs 2,397.63 crore for year under review as compared to Rs 2,312.92 crore for year ended March 31, 2022.

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