Lumax Auto Technologies reports strong Q2 FY26 revenue and profit growth

Lumax Auto Technologies Limited reported a 37% year-over-year increase in consolidated revenue from operations for Q2 FY26, reaching ₹1,156 crore, and ₹2,183 crore for H1 FY26. This growth was attributed to strong OEM demand, new program launches, and momentum in passenger vehicle and aftermarket segments. EBITDA also saw a 45% YoY increase to ₹170 crore in Q2 FY26, with margins improving to 14.7%. Profit After Tax (before minority interest) grew by 50% YoY to ₹78 crore in Q2 FY26 and 41% YoY to ₹132 crore in H1 FY26.

The company's board approved the re-appointment of Dhanesh Kumar Jain as executive chairman for three years and Anmol Jain as managing director for five years, effective May 28, 2026. Strategic developments include the inauguration of the ‘SHIFT’ Tech Center in Bengaluru to enhance electronics and digital capabilities, focusing on in-cabin experience, ADAS, connectivity, and embedded systems. Additionally, the board consented to the proposed merger of IAC International Automotive India Private Limited (IAC India), a wholly-owned subsidiary, with Lumax Auto Technologies Limited.

In other key decisions, the board approved an investment of up to ₹5 crore in Optionally Convertible Redeemable Debentures (OCRDs) of Lumax Resources Private Limited and an investment of up to ₹0.93 crore to acquire a 26% stake in Power Pulse Trading Solutions Limited, a trading arm of Adani Energy Solutions Limited, to qualify as a captive user for its Pant Nagar plant. The company also announced new product launches for M&M, MSIL, Honda Cars, and TVS in the quarter.