Lumax Auto Technologies reports strong Q2, H1 FY26 performance with record revenue

Lumax Auto Technologies Limited has announced strong financial results for the second quarter (Q2) and first half (H1) of fiscal year 2026. Q2 FY26 revenue reached ₹1,156 crore, marking the highest-ever single-quarter sale with a 37% year-on-year (YoY) increase. H1 FY26 revenue similarly rose by 37% YoY to ₹2,183 crore. EBITDA for Q2 FY26 was ₹170 crore, up 45% YoY, achieving a 14.7% margin. H1 FY26 EBITDA increased by 37% to ₹305.9 crore with a 14% margin. Profit After Tax (before minority interest) for Q2 FY26 was ₹77.6 crore, a 50% YoY increase, and for H1 FY26, it reached ₹131.6 crore, up 41% YoY.

The company's strategic initiatives include an "EV Agnostic Product Portfolio" across 4W and 2W segments, with a significant 5X growth in Mechatronics and Structures & Control Systems over the last five years. Lumax Auto Technologies targets a minimum of 20% CAGR in revenue and aims for 20+% ROCE and 20% EBITDA margin by FY31, with 20+% of revenue expected from future and clean mobility.

Key developments include the acquisition of a 100% stake in IAC India and 60% in Greenfuel Energy Solutions, alongside the opening of its 'SHIFT' tech center in Bengaluru. The company's order book is projected at ₹1,357 crore, with 40% allocated to future and clean mobility segments, set for completion by FY29.