Staff Writer
New Delhi: Lumax Auto Technologies Limited, a leading automotive component manufacturer, announced its audited financial results for the second quarter and half year ended September 30, 2025. The company reported robust growth across all major business verticals, underscoring its focus on operational excellence, technology integration, and value-accretive product expansion.
For the quarter ended September 30, consolidated revenue from operations rose 37 percent year-on-year to ₹1,156 crore, while half-yearly revenue stood at ₹2,183 crore, also marking a 37 percent increase over the previous year. The growth was led by sustained demand from key OEMs, successful ramp-up of new program launches, and strong performance in the passenger vehicle and aftermarket segments.
Profitability also showed notable improvement during the period. Consolidated EBITDA touched ₹170 crore in Q2 FY26 with margins improving to 14.7 percent, while the first half of FY26 saw EBITDA of ₹306 crore with margins at 14 percent. The improvement reflected the company’s shift toward higher-value products, enhanced execution efficiency, and the delayed realization of customer price corrections from the previous quarter.
Net profit (before minority interest) grew 50 percent year-on-year in Q2 to ₹78 crore and 41 percent in H1 to ₹132 crore, highlighting effective cost control and improved asset utilization.
On a standalone basis, Lumax maintained its upward trajectory, with revenue from the OEM business growing 12 percent and the aftermarket segment rising 15 percent compared to the first half of the previous year. Subsidiaries, excluding the recently acquired Greenfuel, recorded a 36 percent growth, led by IAC India and Mechatronics divisions. Including Greenfuel, overall subsidiary growth reached an impressive 56 percent.
Commenting on the results, Anmol Jain, Managing Director of Lumax Auto Technologies, said the company’s performance in Q2 and H1 FY26 reflects the resilience of its diversified business model and steady progress on strategic priorities. “Revenue growth was driven by new order wins, strong subsidiary performance, and continued traction in Greenfuel and aftermarket businesses. EBITDA margins improved sequentially, aided by scale efficiencies, richer product mix, and normalization of customer price corrections,” he said. Jain added that the integration of IAC India is on track, bolstering Lumax’s position in EV interiors and technology-led mobility solutions.
The company’s new ‘SHIFT’ Tech Center (Smart Hub for Innovation and Future Trends) inaugurated in Bengaluru in October 2025 marks a key step in strengthening its electronics and digital capabilities. The center focuses on advanced areas such as in-cabin experience, ADAS, connectivity, and embedded systems—supporting Lumax’s transition toward software-defined, technology-driven mobility.
In terms of segment performance, passenger vehicles contributed 55 percent of total revenue in H1 FY26, up from 50 percent last year. The two- and three-wheeler segment accounted for 24 percent, while the aftermarket and commercial vehicle segments contributed 10 percent and 9 percent respectively.
Product-wise, advanced plastics continued to dominate the portfolio with a 52 percent share, followed by structures and control systems at 18 percent, aftermarket at 10 percent, and mechatronics rising sharply to 6 percent. Alternate fuels emerged as a significant new contributor, representing 8 percent of revenue in H1 FY26.
During the quarter, Lumax launched several new products across vehicle categories, including shifters and shark-fin antennas for Mahindra’s Scorpio N and M&M’s new 3XO, CNG components for Maruti Suzuki’s Victoris, and feeder assemblies for Honda’s export models. In the two-wheeler segment, new plastic components were introduced for TVS export models.
Recognizing its manufacturing and sustainability achievements, Lumax Mannoh received the CNBC TV18 SME Champions’ Award (Season 2) for Manufacturing SME of the Year – Industrial Excellence, while Lumax Cornaglia was honoured with the Sustainability Excellence Award at the Tata Motors Conference held in September 2025.
With a robust balance sheet, expanding product portfolio, and a clear roadmap aligned with its “20:20:20:20” vision, Lumax Auto Technologies said it remains well positioned to deliver sustainable growth, margin expansion, and leadership in future-ready mobility solutions.
