Shares of Lumax Auto Technologies Ltd rallied over 13% to Rs 1,360 on Monday, November 10, following the company’s strong financial performance for the second quarter (Q2 FY26), marked by robust revenue and profit growth.
The automotive component maker reported a 37% year-on-year rise in consolidated revenue to Rs 1,156 crore, up from Rs 842 crore in Q2 FY25. For the first half of FY26, revenue stood at Rs 2,183 crore, maintaining the same growth trajectory.
The company’s EBITDA increased to Rs 170 crore, with margins improving to 14.7% from 14% last year. Net profit surged 50% YoY to Rs 78 crore, supported by strong demand from original equipment manufacturers (OEMs) and steady aftermarket sales. Earnings per share also rose to Rs 9.81 from Rs 6.29 in the previous year.
Lumax’s Managing Director Anmol Jain credited the performance to operational excellence and cost discipline. He said the results align with the company’s medium-term 20:20:20:20 vision, emphasizing sustained profitability and growth.
The company’s subsidiaries grew 36% YoY (excluding Greenfuel) and 56% including Greenfuel, driven by strong performance from IAC India and Mechatronics entities. Additionally, Lumax inaugurated its SHIFT Tech Center in Bengaluru in October 2025, focused on advancing electronics and digital engineering in automotive applications.
During the quarter, the company secured new programs with Mahindra & Mahindra, Maruti Suzuki, Honda Cars, and TVS, spanning shifters, sensors, switches, and plastic components.
Passenger vehicles contributed 55% of total revenue, followed by two- and three-wheelers (24%), aftermarket (10%), and commercial vehicles (9%). Among product segments, advanced plastics led with 52% of revenue.
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