Lumax Industries , a leading automotive lighting solutions provider, has reported a strong start to the fiscal year, with consolidated revenue reaching INR 923.00 crores in the first quarter, marking a 20.5% year-on-year growth. The company's performance outpaced the broader automotive industry, which experienced relatively muted growth during the same period.

Financial Highlights

LED Lighting Drives Growth

A key driver of Lumax Industries' growth has been the increasing adoption of LED lighting solutions in the automotive sector. In Q1, LED lighting accounted for 61% of the company's total revenue, up from 45% in the same quarter last year. Notably, 84% of the current order book is LED-based, indicating strong future growth potential in this segment.

Segment-wise Performance

The company's revenue mix for the quarter stood at:

• 65% from passenger vehicles
• 29% from two-wheelers
• 6% from commercial vehicles

From a product standpoint:

• Front lighting contributed 68% of total revenue
• Rear lighting accounted for 23%
• Other products made up the remaining 9%

New Product Launches and Partnerships

During the quarter, Lumax Industries commenced production for Maruti's first EV model, the eVitara, at its Sanand facility. The company also successfully launched lighting products for several new models, including:

• Tata Altroz and Maruti Grand Vitara in the passenger vehicle segment
• Suzuki e-Access, Hero Vida VX2, and Mahindra YSD models in the two-wheeler space

Future Outlook

Lumax Industries maintains a healthy order book of approximately INR 2,000.00 crores, providing strong visibility for future growth. The company expects 15-20% top-line growth for the full year, with EBITDA margins projected to reach double digits.

Anmol Jain, Joint Managing Director of Lumax Industries, commented on the results, stating, "Lumax Industries has sustained its strong momentum this quarter, delivering industry-beating growth of 20.5% over the same period last year. This impressive performance has been driven by the success of key vehicle models in which the company has a strong presence, coupled with a well-optimized product mix."

Expansion Plans

The company's Chakan Phase 2 facility is set to commence operations in the second half of the current fiscal year, primarily catering to Skoda and Volkswagen models. This expansion is expected to contribute to future growth and enhance the company's manufacturing capabilities.

As the automotive industry continues to evolve, Lumax Industries remains well-positioned to capitalize on the growing demand for advanced lighting solutions, particularly in the LED segment. The company's focus on innovation, strategic partnerships, and operational efficiency is likely to drive sustained growth in the coming quarters.

Lumax Industries , a leading automotive lighting manufacturer, has reported robust financial results for the first quarter of fiscal year 2026, showcasing significant growth and a strong order book dominated by LED products and electric vehicle (EV) segments.

Financial Highlights

For Q1 FY26, Lumax Industries posted impressive year-on-year growth:

• Revenue from operations increased by 20.5% to ₹922.52 crore, up from ₹765.79 crore in Q1 FY25.
• EBITDA grew by 20.7% to ₹84.50 crore, compared to ₹70.00 crore in the same quarter last year.
• EBITDA margin improved slightly to 9.2% from 9.1% year-on-year.
• Profit After Tax (PAT) rose by 5.9% to ₹36.20 crore, up from ₹34.20 crore in Q1 FY25.

Order Book and Segment Performance

Lumax Industries reported a robust order book valued at over ₹1,900 crore, with a significant focus on advanced lighting technologies:

• 84% of the order book comprises LED products, reflecting the industry's shift towards more energy-efficient and advanced lighting solutions.
• 18% of orders are from the electric vehicle segments, indicating Lumax's strong positioning in the growing EV market.
• The passenger vehicle segment continues to dominate, accounting for 65% of the company's revenue mix.

Strategic Focus and Innovation

The company is actively pursuing growth through:

1. Premium product offerings
2. Increased LED usage per vehicle
3. New product launches

Lumax Industries has outlined ambitious technology plans, including:

• OLED (Organic Light-Emitting Diode) lighting solutions
• ADB (Adaptive Driving Beam) systems
• ADAS (Advanced Driver Assistance Systems) lighting solutions

These initiatives demonstrate the company's commitment to staying at the forefront of automotive lighting technology.

Management Commentary

Deepak Jain, Chairman & Managing Director of Lumax Industries, commented on the company's performance: "We have started FY26 on a strong footing, with Q1 revenues growing by 20.5% year-on-year—outpacing industry trends. This performance was driven by successful new product launches and a growing share of LED lighting, which significantly increased our content per vehicle."

He added, "Lumax Industries continues to play a pivotal role in India's automotive lighting transformation. Our leadership is built on a decades-long technology partnership with Stanley Electric, strong relationships with leading OEMs, and an unwavering commitment to delivering the highest quality products."

Future Outlook

With the automotive sector evolving rapidly, particularly in LED adoption, premiumization, and technology integration, Lumax Industries is well-positioned to lead this change. The company's robust order book, continued focus on innovation, and deep customer trust provide a solid foundation for sustained growth and long-term value creation for all stakeholders in FY26 and beyond.

As the automotive lighting landscape continues to evolve, Lumax Industries' strong performance and strategic focus on LED and EV segments indicate its readiness to capitalize on emerging opportunities in the dynamic automotive market.