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.

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.