Date: August 10, 2026

Consolidated Financial Performance

Revenue and Profitability

  • Revenue from operations reached ₹1,364 crore in Q1FY27, representing 33% year-on-year growth from ₹1,026 crore in Q1FY26
  • EBITDA (including other income) stood at ₹205 crore in Q1FY27, showing 51% year-on-year growth from ₹136 crore in Q1FY26
  • EBITDA margins expanded significantly to 15.1% in Q1FY27, an increase of 190 basis points from 13.2% in Q1FY26
  • Profit Before Tax (before exceptional item) was ₹132 crore in Q1FY27, growing 78% year-on-year from ₹74 crore in Q1FY26
  • PBT margins improved to 9.7% from 7.2% year-on-year
  • Profit After Tax before Minority Interest reached ₹99 crore in Q1FY27, showing 83% year-on-year growth from ₹54 crore in Q1FY26
  • PAT margins expanded to 7.2% from 5.3% year-on-year
  • Earnings Per Share stood at ₹12.7 in Q1FY27, representing 109% growth from ₹6.1 in Q1FY26

Performance Drivers

The strong performance was attributed to technology-led expansion, portfolio diversification, operational excellence, consistent scale-up across core product categories, increasing wallet share with OEMs, and premiumization-led value enhancement. Margin improvement was driven by operational efficiencies, cost optimization, favorable product mix, improving asset turns, and better utilizations.

Operational Highlights

Segment-wise Revenue Mix (Q1FY27 vs Q1FY26)

  • Passenger Vehicles: 52% (vs 55% in Q1FY26)
  • 2/3 Wheelers: 27% (vs 21% in Q1FY26)
  • Aftermarket: 8% (vs 10% in Q1FY26)
  • Commercial Vehicles: 8% (vs 11% in Q1FY26)
  • Others: 5% (vs 3% in Q1FY26)

Product Category-wise Revenue Mix (Q1FY27 vs Q1FY26)

  • Advance Plastics: 56% (vs 51% in Q1FY26)
  • Structures & Control Systems: 16% (vs 18% in Q1FY26)
  • Aftermarket: 8% (vs 10% in Q1FY26)
  • Mechatronics: 6% (vs 5% in Q1FY26)
  • Alternate fuels: 8% (vs 9% in Q1FY26)
  • Others: 6% (vs 7% in Q1FY26)

New Product Launches

The company launched several new products during the quarter:

Passenger Vehicle Segment

  • Body Control Module (BCM) for Ertiga model
  • Ferrule Less Tube/Fitting for MSIL

Two-Wheeler Segment

  • Moulded Parts for various TVS models
  • Moulded Parts for various HMSI models
  • LED Head Lamp for Bajaj Platina
  • Swing Arm for Bajaj Pulsar

Awards and Recognition

  • Received Super Platinum Quality Award for Sambhajinagar Plant at Bajaj Auto Vendors Association (BAVA) Conference 2026
  • Received TPM Excellence Award for Kuruli Plant at BAVA Conference 2026
  • Recognized as Most Preferred Workplace 2026-27 by Marksmen Daily (Lumax Group)
  • Four products from Chakan plant received GreenPro Ecolabel Certification
  • Four products from Pantnagar plant received GreenPro Ecolabel Certification

Management Commentary

Mr. Anmol Jain, Managing Director, commented on the performance:

  • The company commenced FY27 strongly despite challenging operating environment
  • Revenue growth of 33% YoY and PAT growth of 83% YoY significantly outperformed industry growth
  • Performance was broad-based across product categories
  • Driven by scale-up of existing products and increasing penetration of value-added product portfolio
  • Automotive industry production witnessed healthy growth of 22% YoY in FY27 with all major vehicle segments reporting good traction
  • Industry trends include premiumization of vehicles, rising adoption of advanced technologies, and increasing content per vehicle
  • Company focus areas: continuous innovation, development of technologically advanced products, strengthening wallet share with existing customers, expanding presence across new vehicle platforms, adding new customers across geographies, and enhancing product portfolio

Company Overview

Lumax Auto Technologies Limited manufactures a wide range of automotive products including:

  • Advance Plastics
  • 2/3-wheeler Lighting
  • Chassis
  • Gear Shifter
  • Shift Towers
  • Emission Systems
  • Seat Frames
  • Oxygen Sensors
  • On-board antennas
  • Electric devices & components
  • Wiring Harness
  • Vehicle Interior Components
  • CNG delivery systems

The company is market leader in Design, Testing and Manufacturing of Gear Shifters & Interior Solutions in India. It has 28 manufacturing plants across India in all major Auto clusters.

Key customers include:

  • Mahindra & Mahindra
  • Bajaj Auto
  • Maruti Suzuki
  • Honda Motorcycles and Scooters
  • Tata Motors
  • Daimler India
  • Volkswagen