Lumax Auto Technologies (LUMAXTECH) Q4 25/26 earnings summary

Executive summary

• Achieved record financial and operational performance in FY 2026, with consolidated revenue at INR 4,870 crores (up 34% YoY), EBITDA at INR 705 crores (14.5% margin), and PAT at INR 337 crores, driven by strong industry demand and robust execution.

• Outperformed industry growth, supported by scale-up in core segments, value-added offerings, and strong aftermarket momentum.

• Completed key mergers (IAC, LAL, Greenfuel), expanded product portfolio in clean mobility and electronics, and maintained a robust order book of INR 1,450 crores.

• Strategic portfolio optimization included mergers, stake sales, and acquisitions to enhance scalability and operational synergies.

• Audited results approved with unmodified opinions; board recommended a final dividend of Rs. 5.50 per share for FY 2026.

Financial highlights

• Q4 FY 2026 consolidated revenue reached INR 1,417 crores, up 25% YoY; FY 2026 revenue grew 34% YoY to INR 4,870 crores.

• Q4 EBITDA at INR 208 crores (14.7% margin); FY 2026 EBITDA at INR 705 crores (14.5% margin); PAT for Q4 at INR 98 crores, FY 2026 at INR 337 crores, up 22% and 47% YoY respectively.

• CapEx for FY 2026 was INR 233 crores, including strategic land and capacity expansion investments; free cash reserves at INR 396 crores; long-term debt at INR 553 crores, with a debt-to-equity ratio of 0.46.

• Earnings per share (consolidated) for FY 2026 was Rs. 40.91, up from Rs. 26.08 in FY 2025.

• Standalone revenue for FY 2026 was Rs. 3,60,548.91 lakhs; standalone net profit was Rs. 20,687.70 lakhs.

Outlook and guidance

• Confident of continuing to outperform industry growth, targeting 20% CAGR over the next 3-5 years, with margin guidance expecting at least 30 bps improvement.

• Targeting minimum 20% CAGR in revenue, 20% EBITDA margin, and 20% ROCE for FY26–31.

• Order book execution expected: 25% in FY 2027, 54% in FY 2028, and 21% in FY 2029.

• R&D center in Bengaluru (SHIFT) to drive software and electronics innovation, with annual spend of INR 5-7 crores.

• Dividend payout of Rs. 5.50 per share recommended, with record date set for August 6, 2026.