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News Topical, Digital Desk : Upper Circuit Stock: Lumax Industries and Nile both reported strong performance in their third quarter (Q3) results. From profits to sales and margins, both companies' figures were better than the same quarter last year.
Lumax Industries Lumax Q3 Results
Lumax's net profit increased by 39.2% year-on-year to Rs 46.5 crore, compared to Rs 33.4 crore in the same quarter last year. The company's earnings also saw a good increase. Lumax's revenue in Q3 increased by 18.7% to Rs 1,052.7 crore, compared to Rs 887 crore a year ago. The company's EBITDA grew by a robust 59.7% to ₹111 crore, compared to ₹69.5 crore last year. Improved cost control and strong demand also boosted Lumax's EBITDA margin to 10.5%, up from 7.9% last year. Following the impressive results, the company's stock hit an upper circuit. Today, the stock has seen a rise of nearly 20%. This rise has brought the stock to ₹6,136, its 52-week high.
Nile Q3 Results: Nile also performed well in the third quarter. Net profit increased 47.5% year-on-year to ₹15 crore, compared to ₹10 crore in Q3 last year. Nile's revenue grew 25.3% to ₹291.4 crore, up from ₹232.5 crore last year. EBITDA increased 32.4% to ₹21.3 crore, compared to ₹16 crore a year ago. The company's EBITDA margin also improved to 7.3%, compared to 6.9% last year.
What's next? Both Lumax Industries and Nile reported strong growth in Q3. Increased sales, improved margins, and cost control supported their profits. Investors will now be watching these companies' growth and demand trends in the coming quarters.
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