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February 14, 2016 3:00 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of Lux Industries Limited

Company Overview

Lux Industries Limited manufactures and sells knitwear in India. The company offers a range of innerwear for men, women, and children. It also exports its products to the Middle East countries. The company was formerly known as Biswanath Hosiery Mills and changed its name to Lux Industries Limited in 1995. Lux Industries Limited was founded in 1957 and is based in Kolkata, India.

P.S. Srijan Tech Park

DN-52, 10th Floor

Sector-V

Salt Lake City

Kolkata,  700091

India

Founded in 1957

593 Employees

Phone:

91 33 4040 2121

Fax:

91 33 4040 2001

Key Executives for Lux Industries Limited

Managing Director, Executive Director, Member of Corporate Social Responsibility Committee and Member of Risk Management Committee
Total Annual Compensation: $3.6M
Executive Chairman, Chairman of Corporate Social Responsibility Committee, Chairman of Risk Management Committee, Member of Nomination & Remuneration Committee and Member of Stakeholder Relationship Committee
Age: 56
Total Annual Compensation: $3.6M
Compensation as of Fiscal Year 2015.

Lux Industries Limited Key Developments

Lux Industries Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015

Lux Industries Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the standalone company reported net sales of INR 2,470.748 million against INR 2,052.636 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 248.037 million against INR 185.218 million a year ago. Profit from ordinary activities before tax was INR 215.354 million against INR 131.052 million a year ago. Net profit was INR 142.313 million against INR 88.672 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 28.18 against INR 17.56 a year ago. For the nine months, the standalone company reported net sales of INR 6,600.708 million against INR 6,074.991 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 623.175 million against INR 496.592 million a year ago. Profit from ordinary activities before tax was INR 544.815 million against INR 358.242 million a year ago. Net profit was INR 359.027 million against INR 239.440 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 71.09 against INR 47.41 a year ago.

Lux Industries Limited to Report Q3, 2016 Results on Feb 12, 2016

Lux Industries Limited announced that they will report Q3, 2016 results on Feb 12, 2016

Lux Industries Limited, Board Meeting, Feb 12, 2016

Lux Industries Limited, Board Meeting, Feb 12, 2016, at 15:30 Indian Standard Time. Agenda: To approve unaudited financial results for the quarter and nine months ended December 31, 2015; and to consider other agenda.

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