Lumax Auto Technologies announced unaudited financial results for the third quarter ending December 31, 2025, showcasing robust performance driven by technology-led expansion. Consolidated revenue soared 40% YoY to ₹1,271 crore in Q3FY26. Profitability also saw significant enhancement, with PAT (before minority interest) growing 93% YoY to ₹108 crore. The company highlighted strong execution, operational efficiencies, and steady traction across key OEM and aftermarket segments.
Q3 and 9M FY26 Financial Highlights
Lumax Auto Technologies Limited announced its unaudited financial results for the period ended December 31, 2025, reflecting continued growth driven by technological advancement and operational excellence.
The key consolidated financial highlights for Q3FY26 compared to Q3FY25 are:
- Revenue from operations increased 40% YoY to ₹1,271 crore (up from ₹906 crore).
- EBITDA grew 51% YoY to ₹191 crore, resulting in a margin of 15.0% (up 100 bps).
- PAT (before minority interest) surged 93% YoY to ₹108 crore, achieving a margin of 8.5%.
- EPS stood at ₹12.10, marking an 84% YoY increase.
For the Nine Months ended FY26 (9MFY26):
- Consolidated revenue grew 38% YoY to ₹3,453 crore (up from ₹2,504 crore).
- EBITDA reached ₹497 crore with a margin of 14.4% (up 40 bps).
- PAT (before minority interest) was ₹240 crore, marking a 60% YoY growth.
Performance Drivers and Strategic Commentary
The management attributed the strong revenue performance to consistent scale-up across core product lines, steady traction with OEMs, and strong momentum in the aftermarket portfolio.
Enhanced Profitability
Profitability improvements were driven by operating efficiencies, better absorption of fixed costs, and a favorable shift towards a higher-value product mix. The PAT margin improved substantially year-over-year.
Standalone Business Trends
On a standalone basis, the company sustained its growth trajectory. OEM revenues increased 20% YoY in Q3FY26, supported by strong 2W industry growth. The aftermarket segment also showed strong momentum with 15% YoY growth in 9MFY26.
Management Outlook
Anmol Jain, Managing Director, commented that Q3 FY26 was a quarter of consistent execution, with growth delivered across core businesses. The company remains firmly committed to its FY31 Vision, supported by capacity expansion and technology enhancement initiatives aligned with future mobility trends.
Corporate Structure Simplification
The company is actively simplifying its corporate structure to enhance capital efficiency. The merger of Greenfuel Energy Solutions Private Limited with Lumax Resources Private Limited became effective on February 03, 2026. Furthermore, progress is being made on the merger of IAC India with Lumax Auto Tech.
Operational Snapshot (9MFY26 vs 9MFY25)
Revenue Contribution by Vehicle Segment:
The Passenger Vehicles segment remains the largest contributor, accounting for 53% of revenues in 9MFY26, marginally up from 50% in the previous year. The Aftermarket segment saw its share slightly decrease to 10%.
Revenue Contribution by Product Segment:
Advance Plastics continued to dominate the product mix at 52% in 9MFY26 (down from 57%). Significantly, the Alternate fuels segment more than doubled its contribution, rising from 1% to 8% of total revenue, signaling successful expansion in that area.
New Product Launches
Several new products were launched during the quarter across key categories:
- For PV (M&M): New Interior Parts for the XUV 7XO model.
- For PV (MSIL): Tubes & Fittings (CNG) for the Celerio and Interior Parts for the Victoris.
- For 2W (Bajaj): The introduction of Frames for the Triumph model.
Source: BSE
