Lumax Industries , a leading automotive lighting solutions provider, has reported a robust performance for the second quarter of fiscal year 2026, with significant revenue growth and expansion plans.

Strong Financial Performance

The company delivered impressive quarterly results, with operating revenue reaching Rs. 1,009.00 crores, marking a substantial 24.2% year-on-year growth. EBITDA for the quarter stood at Rs. 91.00 crores, demonstrating the company's operational efficiency.

New Manufacturing Facility

In a strategic move to enhance its production capabilities, Lumax Industries has announced plans to establish a new manufacturing facility in Bengaluru. The company plans to invest Rs. 140.00 crores in this plant, which is expected to cater to orders from Maruti Suzuki and Toyota. This expansion is projected to achieve a peak annualized turnover of approximately Rs. 450.00 crores once fully operational.

Revised Growth Outlook

Following the recent GST rate cuts, Lumax Industries has revised its full-year revenue growth guidance upward. The company now expects a growth rate of 20-25%, up from the previous projection of 15-20%. This optimistic outlook is supported by a strong order book exceeding Rs. 1,800.00 crores, providing solid revenue visibility for the coming quarters.

Order Book and Future Prospects

The company's order book stands at Rs. 1,850.00 crores, with about 85% of the orders focused on LED-based products. This aligns well with the industry's shift towards advanced lighting technologies. The order book is expected to materialize over the next few years, with approximately one-third of it slated for execution in FY27 and another 30-40% in FY28.

Technological Advancements

Lumax Industries is actively investing in new technologies to enhance its product offerings. The company is exploring advanced features such as animation, customization, and Adaptive Driving Beam (ADB) technology. These innovations are expected to increase the content per vehicle and potentially improve profit margins in the future.

Market Position and Customer Base

The company maintains strong relationships with major OEMs in both the four-wheeler and two-wheeler segments. In the passenger vehicle segment, Lumax enjoys significant wallet shares with key players like Maruti Suzuki, Mahindra, and Tata Motors. In the two-wheeler segment, the company has substantial wallet shares with Honda Motorcycle and Hero MotoCorp, and is expanding its presence with other manufacturers like TVS, Suzuki Motorcycle, and Yamaha.

Challenges and Outlook

While the company faces challenges such as competitive intensity and currency fluctuations, it remains optimistic about its future prospects. Lumax Industries aims to achieve EBITDA margins of 12-13% over the next 2-3 years, driven by operating leverage, introduction of new technologies, and potential localization of components.

As the automotive industry continues to evolve, Lumax Industries appears well-positioned to capitalize on the growing demand for advanced lighting solutions in the Indian market.

Lumax Industries Limited , a leading automotive component manufacturer, has reported a robust financial performance for the second quarter of fiscal year 2026. The company's consolidated results show significant growth in revenue and profitability, reflecting strong demand in the automotive sector.

Financial Highlights

Lumax Industries witnessed a substantial 24.24% year-on-year increase in revenue from operations, reaching ₹1008.60 crore in Q2 FY2026, up from ₹811.82 crore in the same quarter last year. This growth indicates strong market demand for the company's automotive components.

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw an impressive 48.33% jump to ₹88.70 crore, compared to ₹59.80 crore in Q2 FY2025. The EBITDA margin improved significantly by 143 basis points, rising from 7.36% to 8.79%, showcasing enhanced operational efficiency.

Consolidated net profit for the quarter stood at ₹35.64 crore, marking a 26.03% increase from ₹28.28 crore in the corresponding quarter of the previous fiscal year. This growth in profitability underscores the company's ability to capitalize on increased revenue while managing costs effectively.

Strategic Developments

The company's Board of Directors has approved several strategic initiatives to support future growth:

1. New Manufacturing Plant: Lumax Industries plans to set up a new manufacturing facility in Bengaluru, Karnataka, with a capital outlay of approximately ₹140 crore. This plant will cater to new orders received from Maruti Suzuki India Limited (MSIL) and Toyota. The project is expected to be commissioned by Q4 FY 2026-27 and is anticipated to generate a peak annualized turnover of around ₹450 crore post-commissioning. The investment will be funded through internal accruals.

2. Investment in Renewable Energy: The company has approved an investment of up to ₹1.61 crore to acquire a stake of not more than 26% in Power Pulse Trading Solutions Limited (PTSL), a power trading arm of Adani Energy Solutions Limited. This strategic move aims to qualify Lumax as a captive user for renewable energy generation at its manufacturing facilities in Haridwar, Pant Nagar, and Sanand, aligning with the company's sustainability goals. PTSL, incorporated on February 13, 2024, reported a turnover of ₹11.99 crores from its incorporation to March 31, 2025.

3. Expansion of Product Portfolio: Lumax Industries continues to focus on expanding its product range and strengthening its position in the automotive lighting segment.

The Board has also approved the submission of unaudited standalone and consolidated financial results for the quarter ended September 30, 2025.

The strong financial performance and strategic initiatives demonstrate Lumax Industries' commitment to growth and its ability to adapt to the evolving automotive market. The company's focus on expanding manufacturing capabilities and investing in renewable energy sources positions it well for sustainable long-term growth in the competitive automotive components sector.