Lumax Auto Technologies (LUMAXTECH) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 began with robust revenue and profitability, with consolidated revenue reaching INR 1,364 crores, up 33% year-on-year, driven by strong demand across all major automotive segments and increased OEM wallet share.

• EBITDA grew 51% year-on-year to INR 205 crores, with margins expanding to 15.1%.

• Profit after tax stood at INR 99 crores, an 83% year-on-year increase, with PAT margin improving to 7.2%.

• Strategic expansion projects include new plants for advanced plastics and mechatronics, onboarding Mahindra as a new customer, and a new IAC plant at Chakan targeting new orders from Mahindra & Mahindra.

• Strategic focus on clean mobility, premiumization, product diversification, and future-critical products such as sensing technology, telematics, and ADAS.

Financial highlights

• Q1 FY27 revenue reached INR 1,364 crores, up 33% year-on-year, with EBITDA at INR 205 crores and margin at 15.1%.

• Profit after tax was INR 99 crores, up 83% year-on-year, and EPS rose to INR 12.7, up 109% year-on-year.

• Free cash reserves at INR 415 crores; Q1 FY27 CapEx was INR 23 crores.

• Profit before tax (before exceptionals) was INR 132 crores, up 78% year-on-year.

• Standalone revenue from operations for Q1 FY27 was INR 100,924.81 lakhs, up from INR 74,037.43 lakhs in Q1 FY26.

Outlook and guidance

• Management maintains a 20% revenue CAGR target through FY 2031, aiming to double revenue to over INR 10,000 crores.

• Margin guidance for FY 2027 is to sustain current levels (~15%), with a long-term aspiration to approach 20% EBITDA margin.

• CapEx guidance for FY 2027 is INR 300 crores, primarily funded through internal accruals.

• The new IAC plant is expected to achieve a peak annualized turnover of INR 440 crores post commissioning.

• By FY31, aiming for 20%+ revenue from future and clean mobility segments.