Lumax Industries Ltd.

BSE: LUMAXIND517206ISIN INE162B01018

Consumer Discretionary
Auto Components & Equipments
BSE 1000

Share price

₹5,299.40+53.40 (+1.02%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹6,969.90
52W low: ₹4,474.85
Off 52W high: -23.97%
1M return: -2.83%
3M return: -8.56%
6M return: +0.78%
1Y return: +7.19%
20D avg volume: 757
50 DMA: ₹5,643.52
200 DMA: ₹5,453.22

Key ratios Consolidated

Market cap: ₹4,954 Cr
Current price: ₹5,299.40
52W high / low: ₹6,969.90 / ₹4,474.85
Face value: ₹10.00
P/E: 24.32
P/B: 5.11
EPS (TTM): ₹217.92
Book value / share: ₹1,037.28
ROE: —
ROCE: 17.80%
Operating margin: —
Net margin: —
Debt / equity: 0.88
Net debt: ₹781.88 Cr
Interest cover: 3.28
Dividend yield: 1.04%
Dividend / share (TTM): ₹55.00
Payout: 25.24%
Cash conversion cycle: 20.9 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,342	1,223	1,200	1,053	1,009	922.52	923.37	887.08	811.82	765.79	742.69	631.72
	0.70	3.30	0.90	1.14	2.18	2.73	5.90	1.14	2.56	12.27	5.33	1.53
	1,343	1,227	1,201	1,054	1,011	925.25	929.27	888.22	814.39	778.07	748.02	633.25
	1,289	1,174	1,139	999.13	975.62	890.56	894.97	863.66	797.63	750.64	718.03	609.84
	916.90	847.90	783.20	672.85	647.06	639.39	620.77	621.42	539.53	—	490.86	424.01
	0.00	0.00	0.00	22.87	0.00	0.00	0.00	—	—	—	—	—
	149.90	148.04	126.04	124.67	120.57	109.03	96.73	87.72	96.80	95.70	82.24	84.21
	18.93	18.19	18.48	18.61	18.80	18.16	17.57	19.40	19.11	16.20	14.53	12.83
	38.27	42.13	44.64	38.41	36.93	31.69	33.33	27.11	26.45	26.40	26.69	23.52
	153.60	140.16	154.21	127.57	147.10	117.97	117.18	114.64	104.00	97.80	105.41	87.35
	53.12	52.71	61.76	54.73	35.16	34.69	34.30	24.56	16.76	27.42	29.99	23.41
	0.00	0.00	-1.99	-15.86	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	53.12	52.71	59.77	38.87	35.16	34.69	34.30	24.56	16.76	27.42	29.99	23.41
	17.58	12.89	18.24	8.23	11.48	12.10	9.48	8.07	8.35	11.95	16.11	9.54
	51.99	51.08	54.10	46.55	35.64	36.19	43.97	33.48	28.28	34.18	36.07	25.58
	55.62	54.64	57.87	49.79	38.13	38.71	47.04	35.82	30.25	—	38.58	27.37
Key metrics
	110.32	113.03	122.89	95.89	90.89	84.54	85.20	71.07	62.32	70.02	71.21	59.76
	8.20%	9.20%	10.20%	9.10%	9.00%	9.20%	9.20%	8.00%	7.70%	9.10%	9.60%	9.50%
	3.90%	4.20%	4.50%	4.40%	3.50%	3.90%	4.80%	3.80%	3.50%	4.50%	4.90%	4.00%
	5.20%	—	5.70%	—	4.30%	—	4.20%	—	—	—	—	—
	33.00%	32.60%	30.00%	18.70%	24.20%	20.50%	24.30%	40.40%	—	—	—	—
	45.90%	41.10%	23.00%	39.00%	26.00%	5.90%	21.90%	30.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	4,818	4,184	3,400	2,637	2,320	1,751
	6.04	6.95	9.23	11.39	14.68	13.39
	4,824	4,191	3,410	2,648	2,334	1,765
	4,602	4,005	3,307	2,547	2,221	1,701
	3,221	2,765	2,316	1,742	1,537	1,126
	22.87	0.00	0.00	0.04	0.95	9.21
	548.65	480.31	376.95	323.46	275.85	240.84
	74.21	74.05	72.28	47.88	29.35	21.41
	163.45	151.67	113.29	92.85	79.92	63.67
	575.54	546.85	433.30	365.50	324.94	248.55
	222.32	186.34	103.04	101.06	112.87	63.29
	-17.85	-17.85	0.00	0.00	-5.44	-17.14
	204.47	168.50	103.04	101.06	107.44	46.15
	56.94	50.05	37.85	48.16	46.06	12.10
	203.72	172.47	139.91	111.02	103.08	40.73
	217.92	184.50	149.67	118.77	110.27	43.57
Key metrics
	442.13	394.22	288.61	241.79	216.71	131.23
	9.18%	9.40%	8.50%	9.20%	9.30%	7.50%
	4.23%	4.10%	4.10%	4.20%	4.40%	2.30%
	—	17.80%	14.30%	—	—	—
	28.77%	23.00%	29.00%	13.70%	32.40%	—
	36.47%	23.30%	26.00%	7.70%	153.10%	—
	—	83.13	-8.37	—	—	—
	—	2.16	2.26	—	—	—
	—	0.88	1.00	—	—	—
	—	781.88	762.88	—	—	—
	—	20.9	16.8	—	—	—
Balance sheet
	—	3,435	2,861	—	—	—
	—	1,576	1,240	—	—	—
	—	24.94	9.09	—	—	—
	—	630.03	461.90	—	—	—
	—	643.11	511.17	—	—	—
	—	189.57	201.93	—	—	—
	—	1,260	986.18	—	—	—
	—	1,035	816.87	—	—	—
	—	2,071	1,635	—	—	—
	—	806.82	771.97	—	—	—
	—	662.16	558.74	—	—	—
	—	144.66	213.23	—	—	—
	—	917.50	774.28	—	—	—
Cash flow
	—	372.56	316.08	—	—	—
	—	-265.09	333.05	—	—	—
	—	-91.62	636.60	—	—	—
	—	289.43	-324.45	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,342	1,223	1,200	1,053	1,009	922.52	923.37	887.08	811.82	765.79	742.69	631.72
	0.70	16.50	0.90	24.23	2.18	2.73	15.79	1.13	2.58	12.27	5.11	28.00
	1,343	1,240	1,201	1,077	1,011	925.25	939.16	888.22	814.40	778.06	747.79	659.72
	1,290	1,174	1,140	999.82	976.07	891.32	895.87	862.04	799.11	750.94	718.32	610.19
	916.91	848.00	783.30	672.85	646.99	639.76	620.45	621.42	539.53	—	490.86	424.01
	0.00	0.00	0.00	23.01	0.00	0.00	0.00	—	—	—	—	—
	146.07	143.41	122.24	121.42	117.89	107.04	95.02	92.92	92.20	92.59	83.48	80.49
	18.80	18.06	18.34	18.47	18.65	18.02	17.43	19.24	18.95	16.04	14.36	12.83
	37.35	41.53	44.03	37.81	36.33	31.11	32.79	26.55	25.93	25.98	26.15	23.33
	159.15	146.09	159.32	132.12	151.04	121.06	120.78	108.53	110.76	101.80	105.18	91.62
	52.43	65.25	61.10	77.13	34.72	33.93	43.29	26.18	15.29	27.12	29.47	49.52
	0.00	0.00	-1.99	-15.86	0.00	0.00	0.00	—	—	—	—	—
	52.43	65.25	59.11	92.99	34.72	33.93	43.29	26.18	15.29	27.12	29.47	49.52
	13.29	13.26	15.18	9.90	8.93	8.52	6.90	3.98	2.32	7.16	10.60	13.15
	39.14	51.99	43.93	83.09	25.79	25.41	36.39	22.20	12.97	19.95	18.87	36.37
	41.87	55.62	46.99	54.95	27.59	27.18	38.93	23.75	13.87	21.35	20.19	38.91
Key metrics
	108.58	124.84	121.48	149.27	89.70	83.06	93.51	71.97	60.17	69.14	69.98	85.68
	8.10%	10.20%	10.10%	14.20%	8.90%	9.00%	10.10%	8.10%	7.40%	9.00%	9.40%	13.60%
	2.90%	4.30%	3.70%	7.90%	2.60%	2.80%	3.90%	2.50%	1.60%	2.60%	2.50%	5.80%
	6.60%	—	7.10%	—	5.40%	—	6.20%	—	—	—	—	—
	33.00%	32.60%	30.00%	18.70%	24.20%	20.50%	24.30%	40.40%	—	—	—	—
	51.80%	104.60%	20.70%	274.30%	98.80%	27.40%	92.80%	-39.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	4,818	4,184	3,400	2,637	2,320	1,751
	42.33	30.04	19.13	37.63	14.68	13.39
	4,860	4,214	3,420	2,674	2,334	1,765
	4,605	4,007	3,308	2,548	2,221	1,701
	3,221	2,766	2,315	1,742	1,537	1,126
	23.01	0.00	0.00	0.04	0.95	9.21
	533.14	468.59	372.72	314.98	275.76	240.84
	73.67	73.48	71.68	47.71	29.35	21.41
	160.72	149.28	111.24	91.90	79.87	63.67
	596.68	563.54	441.55	376.30	325.06	248.55
	255.91	206.87	111.88	126.08	112.88	63.29
	-17.85	-17.85	0.00	—	-5.44	-17.14
	269.78	189.03	111.88	126.08	107.44	46.15
	51.63	42.53	20.37	40.01	36.80	10.71
	218.15	146.50	91.51	86.08	70.64	35.43
	199.43	156.72	97.90	92.08	75.56	37.91
Key metrics
	504.17	411.79	294.80	265.69	216.66	131.23
	10.46%	9.80%	8.70%	10.10%	9.30%	7.50%
	4.53%	3.50%	2.70%	3.30%	3.00%	2.00%
	—	24.10%	18.60%	—	—	—
	28.77%	23.00%	29.00%	13.70%	32.40%	—
	98.70%	60.10%	6.30%	21.90%	99.40%	—
	—	80.91	-62.89	—	—	—
	—	2.51	2.73	—	—	—
	—	1.13	1.29	—	—	—
	—	788.84	766.55	—	—	—
	—	20.4	16.7	—	—	—
Balance sheet
	—	3,163	2,621	—	—	—
	—	1,567	1,235	—	—	—
	—	17.98	5.42	—	—	—
	—	630.03	461.86	—	—	—
	—	643.31	511.92	—	—	—
	—	187.56	199.77	—	—	—
	—	1,256	982.26	—	—	—
	—	1,040	818.07	—	—	—
	—	2,074	1,635	—	—	—
	—	806.82	771.97	—	—	—
	—	662.16	558.74	—	—	—
	—	144.66	213.23	—	—	—
	—	713.44	598.84	—	—	—
Cash flow
	—	367.06	250.18	—	—	—
	—	-264.13	326.12	—	—	—
	—	-90.37	634.98	—	—	—
	—	286.15	-313.07	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +21.73%
Sales CAGR 5Y: —
Profit CAGR 3Y: +27.53%
Profit CAGR 5Y: —
Sales YoY (TTM): +28.77%
Profit YoY (TTM): +98.70%

Consolidated

Sales CAGR 3Y: +21.73%
Sales CAGR 5Y: —
Profit CAGR 3Y: +18.72%
Profit CAGR 5Y: —
Sales YoY (TTM): +28.77%
Profit YoY (TTM): +36.47%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 75.00%

Quarter	September 2026	June 2026
Promoter %	75.00%	75.00%

Holder	Type	Holding	Previous	Change
STANLEY ELECTRIC CO. LTD	Promoter Group	35.77%	35.77%	0.00%
DEEPAK JAIN	Promoter	13.30%	13.30%	0.00%
ANMOL JAIN	Promoter	13.30%	13.30%	0.00%
HDFC SMALL CAP FUND	Public	6.81%	6.01%	+0.80%
LUMAX AUTO TECHNOLOGIES LIMITED	Promoter Group	5.62%	5.62%	0.00%
LUMAX FINANCE PRIVATE LIMITED	Promoter Group	5.28%	5.28%	0.00%
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED	Promoter Group	1.73%	1.73%	0.00%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY M	Public	1.08%	—	—
DHANESH KUMAR JAIN	Promoter	0.00%	0.00%	0.00%
D. K. JAIN & SONS (HUF) (Karta-DHANESH KUMAR JAIN)	Promoter	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Samvardhana Motherson International Limited	1,69,717	159.25	36.90	10.90%	+14.02% TTM	+24.64% TTM	+52.47%
Bosch Ltd	1,49,840	50,800.00	63.41	24.30%	+13.63% TTM	-11.32% TTM	+34.19%
Bharat Forge Ltd	88,694	1,815.00	123.94	15.80%	+17.54% TTM	-30.02% TTM	+37.06%
UNO Minda Limited	69,117	1,196.90	53.56	17.90%	+18.80% TTM	+15.35% TTM	-4.40%
Sona BLW Precision Forgings Limited	55,766	892.00	75.38	13.30%	+43.07% TTM	+21.75% TTM	+84.45%
Schaeffler India Limited	54,886	3,511.50	41.79	—	—	—	-15.20%
Tube Investments of India Ltd	43,747	2,260.00	39.45	12.80%	+17.62% TTM	+6.56% TTM	-24.44%
Endurance Technologies Limited	35,086	2,494.30	34.50	16.30%	+31.99% TTM	+15.15% TTM	-14.03%
Dhoot Transmission Limited	33,444	1,635.00	—	—	—	—	—
Exide Industries Ltd.	31,131	366.25	29.64	8.90%	+13.46% TTM	+32.16% TTM	-3.52%
Craftsman Automation Limited	27,927	10,677.90	52.97	14.20%	+35.85% TTM	+119.55% TTM	+56.36%
Sansera Engineering Limited	27,648	4,429.55	78.72	13.60%	+23.49% TTM	+52.89% TTM	+189.79%
Motherson Sumi Wiring India Limited S	26,009	39.22	38.08	35.50%	+35.93% TTM	+11.75% TTM	-16.50%
Asahi India Glass Ltd.	25,070	983.40	45.71	10.80%	+19.75% TTM	+46.40% TTM	+2.72%
Gabriel India Ltd.	24,678	1,392.40	75.53	22.80%	+24.12% TTM	+38.28% TTM	+10.16%
ZF Commercial Vehicle Control Systems India Limited	24,345	2,139.15	48.76	18.50%	+9.03% TTM	+3.22% TTM	+0.07%
Sundram Fasteners Ltd.	22,794	1,084.75	35.98	18.20%	+17.24% TTM	+13.95% TTM	+12.64%
BELRISE INDUSTRIES LIMITED	21,253	219.75	41.93	14.70%	—	—	+51.19%
SPR Auto Technologies Limited	19,750	4,257.65	33.20	18.00%	+46.79% TTM	+8.24% TTM	+57.73%
Tenneco Clean Air India Limited	18,753	464.65	31.18	64.30%	—	—	—
Minda Corporation Limited	16,202	677.70	29.06	15.10%	+32.84% TTM	+108.97% TTM	+14.51%
Lumax Auto Technologies Ltd.	14,306	2,099.00	33.99	24.70%	+32.82% TTM	+57.49% TTM	+75.07%
SEDEMAC MECHATRONICS LIMITED S	13,737	3,106.75	—	31.00%	—	—	—
Amara Raja Energy & Mobility Limited	13,341	728.90	16.72	14.40%	+15.67% TTM	-11.47% TTM	-26.41%
CIE Automotive India Limited	13,295	350.45	14.25	—	+12.44% TTM	+15.35% TTM	-18.90%
Lumax Industries Ltd.	4,954	5,299.40	24.32	17.80%	+28.77% TTM	+36.47% TTM	+7.19%

Filings & corporate actions

Recent announcements

Intimation regarding change in address of the Corporate Office of Registrar to an Issue and Share Transfer Agent (RTA) of the Company3 Nov 2026 · Company Update / General
Transcript of Analyst/Investor Earning Conference Call - Q2 2026-273 Nov 2026 · Company Update / Earnings Call Transcript
Submission of the Newspaper cuttings of Publication of Un- Audited Financial Results for the 2nd Quarter and Half Year ended September 30, 202627 Oct 2026 · Company Update / Newspaper Publication
Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Audio Recording Link of Earnings Conference ....27 Oct 2026 · Company Update / Analyst / Investor Meet
Investor Presentation for the 2nd Quarter and Half year ended September 30, 202626 Oct 2026 · Company Update / Investor Presentation
Investor release of Financial Results for the 2nd Quarter and Half year ended September 30, 202626 Oct 2026 · Company Update / Press Release / Media Release
The Board of Directors at its meeting held on October 26, 2026 have considered and approved the extension of term of Mr. Raajesh Kumar Gupta as the Company Secretary (Key Management Personnel ....26 Oct 2026 · Company Update / Change in Management
Un - audited Standalone and Consolidated Financial Results for the Second Quarter and Half Year ended September 30, 202626 Oct 2026 · Result / Financial Results
Outcome Of The Board Meeting Held On Monday, October 26, 202626 Oct 2026 · Board Meeting / Outcome of Board Meeting
Intimation for Schedule of Earnings Call to be held on October 27, 2026 at 11.00 A.M. (IST) to discuss the Operational and Financial performance of the Company for the 2nd Quarter and Half ....21 Oct 2026 · Company Update / Analyst / Investor Meet
Lumax Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/10/2026 ,inter alia, to consider and approve the Un-audited Financial Results ....13 Oct 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended September 30, 2026.13 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for Closure of Trading Window25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of Voting Result as per Regulation 44 of SEBI ( Listing Obligation and Disclosure Requirements) Regulation, 2015 along with Scrutinizer''s report on 45th Annual General Meeting ....26 Aug 2026 · AGM/EGM / AGM
Submission of Voting Result as per Regulation 44 of SEBI ( Listing Obligation and Disclosure Requirements) Regulation, 2015 along with Scrutinizer''s report on 45th Annual General Meeting ....26 Aug 2026 · AGM/EGM / AGM
Proceeding of the 45th Annual General Meeting of the Company held on August 26, 202626 Aug 2026 · AGM/EGM / AGM
Transcript of Analysts/Investor Earning Conference Call - Q1 2026 -2718 Aug 2026 · Company Update / Earnings Call Transcript
Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Audio Recording Link of Earnings Conference ....11 Aug 2026 · Company Update / Analyst / Investor Meet
Submission of the Newspaper Cutting of publication of Un-Audited Financial Results for 1st Quarter ended June 30,20269 Aug 2026 · Company Update / Newspaper Publication
Investor Release of the Financial Results for the 1st Quarter ended June 30, 20268 Aug 2026 · Company Update / Press Release / Media Release
Investor presentation for the 1st Quarter ended June 30, 20268 Aug 2026 · Company Update / Investor Presentation
Submission of Un-audited Standalone and Consolidated financial results for the 1st Quarter ended June 30, 2026.8 Aug 2026 · Result / Financial Results
Outcome of the Board meeting held on August 08, 2026.8 Aug 2026 · Board Meeting / Outcome of Board Meeting
Submission of Newspaper clippings for advertisement regarding dispatch of Integrated Annual Report for FY 2025-26 to the members.2 Aug 2026 · Company Update / Newspaper Publication
Intimation regarding dispatch of letters to shareholders for providing the weblink & QR to access the Notice of 45th AGM and Integrated Annual Report for FY 2025-26.1 Aug 2026 · Company Update / General
Submission of Business Responsibility and Sustainability Report of the Company for the Financial Year 2025-261 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Notice of 45th Annual General meeting of the Company scheduled to be held on August 26, 2026.1 Aug 2026 · AGM/EGM / AGM
Submission of Integrated Annual Report of the Company for the Financial Year 2025-26 along with the Notice of 45th Annual General Meeting of Lumax Industries Limited1 Aug 2026 · Others / Reg. 34 (1) Annual Report
Intimation for Schedule of Earnings Call to be held on August 11, 2026 at 11.00 A.M. (IST) to discuss the Operational and Financial performance of the Company for the 1st Quarter ended June 30, 2026.1 Aug 2026 · Company Update / Analyst / Investor Meet
Lumax Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/08/2026 ,inter alia, to consider and approve the Un-audited Financials ....1 Aug 2026 · Board Meeting / Board Meeting
Pursuant to Regulation 42 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, the Company has fixed Thursday, August 06, 2026 as the "Record Date" for ascertaining ....29 Jul 2026 · Corp. Action / Record Date
Intimation for Schedule of Annual General Meeting29 Jul 2026 · AGM/EGM / AGM
Intimation regarding publication of pre AGM Notice in Newspapers25 Jul 2026 · Company Update / Newspaper Publication
The Board of Directors of the Company through Circular Resolution, today i.e July 20, 2026 have considered and approved the proposal to designate 1. Mr. C S Singh, Chief Technology ....20 Jul 2026 · Company Update / Change in Management
Intimation regarding communication to shareholders with respect to deduction of tax at source on Dividend for FY 2025-2617 Jul 2026 · Company Update / General
The Cut off date for the purpose of Determining the shareholder entitled to attend and/or eligible to vote on the resolution(s) set out in the the notice of the 45th annual General meeting ....16 Jul 2026 · Corp. Action / Record Date
The 45th Annual General Meeting of the Company for the Financial Year ended March 31, 2026 shall now be held on Wednesday, August 26, 2026( Instead of Monday, August 24, 2026) through video ....16 Jul 2026 · AGM/EGM / AGM
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the Quarter ended June 30, 2026.10 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Trading Window Closure26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Clippings of Newspaper Advertisement for transfer of unpaid/unclaimed Dividend for the Financial Year 2018-19 and the underlying Equity Shares to IEPF.20 Jun 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 55.0000	6 Aug 2026	6 Aug 2026	—
Final Dividend - Rs. - 35.0000	7 Aug 2025	7 Aug 2025	—
Final Dividend - Rs. - 35.0000	9 Sep 2024	—	—

Board meetings

26 Oct 2026 Board Meeting - Financial Results
8 Aug 2026 Board Meeting - Financial Results