Lumax Industries Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, demonstrating robust operational performance across key financial metrics. The company's Board of Directors approved these results during their meeting held on February 10, 2026.

Financial Performance Overview

The company delivered strong financial performance during Q3FY26, with significant improvements across revenue and profitability metrics compared to the corresponding period last year.

Nine Months Performance

For the nine months ended December 31, 2025, the company maintained its growth trajectory with substantial improvements in key financial indicators.

Consolidated Results

The consolidated financial results showed strong performance with the company benefiting from its associate's contribution. Consolidated net profit for Q3FY26 reached ₹4,654.51 lakhs compared to ₹3,347.92 lakhs in the corresponding quarter last year.

Exceptional Items and Executive Changes

The company reported exceptional items of ₹1,585.98 lakhs related to the implementation of new Labour Codes notified by the Government of India on November 21, 2025. Additionally, the company announced the cessation of Mr. Alok Verma from his position as Senior Vice President – Projects and Manufacturing Support due to superannuation effective November 30, 2025.

Regulatory Compliance

The financial results have been prepared in accordance with Indian Accounting Standards and reviewed by statutory auditors S.R. Batliboi & Co. LLP. The results comply with Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

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.