Lumax Auto Technologies Limited announced its unaudited financial results for Q2 and H1 FY27 ended September 30, 2026, demonstrating strong growth across key metrics.

Financial Performance

Q2 FY27 Performance (Consolidated):

  • Revenue: ₹1,556 crore, up 35% YoY from ₹1,156 crore in Q2FY26
  • EBITDA (including other income): ₹228 crore, up 34% YoY from ₹170 crore
  • EBITDA Margin: 14.7%, stable YoY but down from 15.1% in Q1FY27
  • PBT: ₹154 crore, up 48% YoY from ₹104 crore
  • PBT Margin: 9.9%, up from 9.0% YoY
  • PAT before Minority Interest: ₹117 crore, up 50% YoY from ₹78 crore
  • PAT Margin: 7.5%, up 80 bps from 6.7% YoY
  • EPS: ₹15.48, up 58% YoY from ₹9.81

H1 FY27 Performance (Consolidated):

  • Revenue: ₹2,919 crore, up 34% YoY from ₹2,183 crore
  • EBITDA: ₹434 crore, up 42% YoY from ₹306 crore
  • EBITDA Margin: 14.9%, up ~90 bps from 14.0% YoY
  • PBT: ₹286 crore, up 60% YoY from ₹179 crore
  • PBT Margin: 9.8%, up from 8.2% YoY
  • PAT before Minority Interest: ₹215 crore, up 64% YoY from ₹132 crore
  • PAT Margin: 7.4%, up from 6.0% YoY
  • EPS: ₹28.19, up 77% YoY from ₹15.89

Operational Highlights - H1 FY27

Segment-wise Revenue Breakdown by Vehicle Type:

  • Passenger Vehicles: 53% (vs 55% in H1FY26)
  • 2/3 Wheelers: 27% (vs 24% in H1FY26)
  • Aftermarket: 8% (vs 10% in H1FY26)
  • Commercial Vehicles: 7% (vs 9% in H1FY26)
  • Others: 5% (vs 2% in H1FY26)

Product Category Revenue Breakdown:

  • Advance Plastics: 57% (vs 52% in H1FY26)
  • Structures & Control Systems: 16% (vs 18% in H1FY26)
  • Aftermarket: 8% (vs 10% in H1FY26)
  • Alternate fuels: 8% (vs 8% in H1FY26)
  • Mechatronics: 6% (vs 6% in H1FY26)
  • Others: 5% (vs 6% in H1FY26)

New Product Launches (Q2 FY27)

  • MSIL (Multiple Models): Ferrule Less Tube/Fitting
  • HCIL (3UX model): GNSS Antenna (PV category)
  • M&M (3XO model): Receptacle (PV category)
  • CV OEMs (Daimler, Ashok Leyland, Volvo Eicher, Volvo India, JSW GreenTech - Multiple Models): RFID Transceiver

Awards and Recognition

Lumax Auto Technologies Metallics and Lighting plants at Chakan received the Platinum Award for Quality Consistency from Bajaj Auto.

Management Commentary

Mr. Anmol Jain, Managing Director, commented that the strong performance was driven by scale-up of existing products and increasing penetration of value-added portfolio. He noted the automotive industry showed growth across all segments: passenger vehicles (+25%), two-wheelers (+17%), three-wheelers (+25%), and commercial vehicles (+34%) in Q2FY27, supported by improved affordability following GST 2.0. Key challenges mentioned include rising input costs (crude-linked polymer prices), elevated lead time and costs for electronic components, freight costs, and rupee depreciation.

The company remains focused on innovation, developing technologically advanced products, strengthening wallet share with existing customers, expanding across new vehicle platforms, adding new customers across geographies, and enhancing product portfolio.

Company Overview

Lumax Auto Technologies Limited manufactures automotive components 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 has 29 manufacturing plants across India and serves customers including Mahindra & Mahindra, Bajaj Auto, Maruti Suzuki, Honda Motorcycles and Scooters, Tata Motors, Daimler India and Volkswagen.