Staff Writer
Gurugram: Lumax Industries Limited reported its strongest-ever quarterly performance in the third quarter of FY26, driven by healthy demand across vehicle segments, a richer product mix, and improved operating efficiencies. The automotive lighting major posted record consolidated revenue of ₹1,053 crore in Q3FY26, marking an 18.7 percent year-on-year growth compared to ₹887 crore in the same quarter last year.
For the nine months ended December 31, 2025, consolidated revenue stood at ₹2,984 crore, registering a robust growth of 20.5 percent over ₹2,477 crore recorded in the corresponding period of the previous year, underscoring sustained momentum across its core businesses.
Profitability improved sharply during the quarter. EBITDA for Q3FY26 rose 57.2 percent year-on-year to ₹112 crore from ₹71 crore in Q3FY25, with EBITDA margins expanding by 260 basis points to 10.6 percent. On a sequential basis, EBITDA grew 23 percent over Q2FY26, reflecting operating leverage and improved cost management. For the nine-month period, EBITDA increased 41.2 percent to ₹287 crore, with margins improving to 9.6 percent.
Profit after tax, including the share of associates, stood at ₹47 crore in Q3FY26, up 39.1 percent from ₹34 crore a year earlier. PAT margin improved to 4.4 percent during the quarter. For 9MFY26, PAT rose to ₹118 crore, a growth of 23.4 percent year-on-year, with margins at 4.0 percent. Earnings per share for the quarter increased to ₹49.8 from ₹35.8 in Q3FY25, reflecting the improvement in overall profitability.
The company’s performance was supported by a favourable product and segment mix. LED lighting accounted for 61 percent of total revenue during the nine-month period, while conventional lighting contributed 39 percent. Front lighting continued to dominate the portfolio, contributing 69 percent of revenues, followed by rear lighting at 22 percent and other products at 9 percent. Passenger vehicles remained the largest segment with a 65 percent share of revenues, while two-wheelers contributed 29 percent and commercial vehicles and others accounted for the remaining 6 percent.
During the quarter, Lumax Industries strengthened its order book with several new product launches across categories. In the passenger vehicle segment, the company commenced supplies to Tata Motors for the Sierra and Punch models, including head lamps, front fog lamps, auxiliary tail lamps, daytime running lights and position lamps. In the three-wheeler segment, Lumax began supplying head lamps, tail lamps and reflex reflectors for Mahindra Last Mile Mobility’s e-rickshaw. The company also added a new two-wheeler program with TVS Motor Company for the Apache RTX 300 head lamp.
The quarter also saw recognition for Lumax’s quality initiatives on the global stage. Teams from the company’s Chakan III and Bawal plants won gold awards at the 50th International Convention on Quality Control Circle 2025, held in Taipei, Taiwan.
Commenting on the results, Deepak Jain, Chairman and Managing Director of Lumax Industries Limited, said the company delivered a robust quarterly performance with record revenues and a sharp improvement in margins. He noted that EBITDA growth of over 57 percent reflected the strength of Lumax’s operating model, execution capabilities and sustained demand momentum across segments.
Jain added that the broader industry environment remains supportive, aided by recent GST rate cuts and income tax relief measures, which are improving consumer sentiment and driving volume growth. He said Lumax continues to strengthen its leadership position in automotive lighting and remains a preferred partner for leading OEMs across platforms.
Highlighting the road ahead, Jain said the company’s focus on premiumisation, higher content per vehicle and consistent new order wins is translating into steady growth in revenues and profitability. With a strong order pipeline, continued investments in technology and product innovation, and disciplined execution, he expressed confidence in Lumax Industries’ growth outlook amid favourable industry conditions.
