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Lumax Industries Q3 FY26 Revenue Up 18.7% to ₹1,053 Cr; EBITDA Margins Expand to 10.6%
Lumax Industries reported its best-ever quarterly performance in Q3 FY26, with revenue growing 18.7% y-o-y to ₹1,053 crores. EBITDA margins saw a significant expansion to 10.6% from 8% in the previous year, driven by premiumization and a shift toward LED lighting. The company's order book stands strong at ₹1,759 crores, with 81% of new orders being LED-based, signaling future margin stability. Despite a one-time labor code impact of ₹15.9 crores, PAT increased by 39% y-o-y to ₹47 crores.
Key Highlights
Q3 FY26 revenue reached a record ₹1,053 crores, up 18.7% year-on-year.
EBITDA margins expanded by 260 basis points to 10.6%, aided by higher LED penetration and tooling profitability.
LED lighting now contributes 61% of total revenue, up from 52% in the same quarter last year.
The company secured a robust order book of ₹1,759 crores, with major wins from Tata Motors, TVS, and Mahindra.
FY26 capex guidance increased to ₹350-₹400 crores to accelerate the Bengaluru and Chakan plant expansions.
💼 Action for Investors
Investors should monitor the successful commissioning of the Bengaluru and Chakan plants in FY26-27, which are key to sustaining growth. The increasing share of high-margin LED products in the order book suggests a positive long-term trajectory for profitability.
Lumax Industries Q3FY26: Highest-ever Revenue of ₹1,053 Cr, EBITDA Surges 57% YoY
Lumax Industries reported its highest-ever quarterly revenue of ₹1,053 crore for Q3FY26, marking an 18.7% YoY growth. EBITDA saw a significant jump of 57.2% to ₹112 crore, with margins expanding by 260 bps to 10.6% due to operational efficiencies and premiumization. Profit After Tax (PAT) grew by 39.1% YoY to ₹47 crore, even after accounting for an exceptional item of ₹15.9 crore related to labor code notifications. The company's shift toward LED lighting, which now accounts for 61% of revenue, continues to drive profitability.
Key Highlights
Highest-ever quarterly revenue of ₹1,053 crore, up 18.7% YoY and 4.4% QoQ.
EBITDA grew 57.2% YoY to ₹112 crore with margins expanding to 10.6% from 8.0% YoY.
LED lighting now contributes 61% of total revenue, up from conventional lighting at 39%.
Passenger Vehicle segment remains the primary driver, contributing 65% of total revenues.
9M FY26 revenue reached ₹2,984 crore, a 20.5% increase over the same period last year.
💼 Action for Investors
Investors should note the strong margin expansion and the successful transition to high-margin LED products. The company's record revenue and robust order pipeline from major OEMs like Tata Motors and TVS make it a strong contender in the auto-ancillary space.
Lumax Industries Q3 FY26 Presentation: ₹3,400 Cr Revenue and 21% 3-Year CAGR
Lumax Industries reported a robust financial performance for FY25, achieving a revenue of ₹3,400 crore with a 21% CAGR over the last three years. The company maintains healthy profitability with EBITDA margins exceeding 8.5% and a Return on Capital Employed (RoCE) above 12%. With a strategic capex of over ₹200 crore and 12 manufacturing facilities, Lumax continues to serve as a Tier I supplier to all major Indian OEMs. The company's joint venture, SL Lumax, also showed significant scale with FY25 revenues of ₹3,008 crore.
Key Highlights
Achieved ₹3,400 crore revenue in FY25 with a 21% CAGR over the last three years.
Maintains strong financial health with EBITDA margins >8.5% and RoCE >12%.
Invested over ₹200 crore in capex to support 12 manufacturing plants and 4 R&D/Design centers.
SL Lumax Limited, the partnership entity for Hyundai, recorded FY25 revenue of ₹3,008 crore.
Strong focus on innovation with 5 patents awarded and 20 filed for advanced lighting technologies.
💼 Action for Investors
Investors should monitor the company's transition to LED and electronic lighting solutions, which offer higher margins. The strong OEM relationships and technology support from Stanley and SL Corporation provide a competitive moat in the evolving automotive sector.
Lumax Industries Q3 FY26 Standalone Net Profit Surges 131% YoY to ₹51.37 Cr
Lumax Industries reported a robust performance for Q3 FY26, with standalone revenue from operations growing 18.7% YoY to ₹1,052.72 crore. Standalone Net Profit saw a significant jump of 131% YoY to ₹51.37 crore, despite an exceptional charge of ₹15.86 crore related to the implementation of new Government Labour Codes. The company also announced the retirement of Mr. Alok Verma, Senior VP of Projects and Manufacturing Support, due to superannuation. Overall, the company shows strong operational efficiency with a substantial increase in earnings per share from ₹23.75 to ₹54.95 YoY.
Key Highlights
Standalone Revenue from operations rose to ₹1,052.72 crore in Q3 FY26 from ₹887.08 crore in Q3 FY25.
Standalone Net Profit for the quarter ended Dec 31, 2025, stood at ₹51.37 crore versus ₹22.20 crore in the previous year's corresponding quarter.
An exceptional item of ₹15.86 crore was recorded during the quarter to account for the impact of the four new Labour Codes notified by the Government.
Consolidated Net Profit for the nine-month period ended Dec 31, 2025, reached ₹118.37 crore, up from ₹85.93 crore in the same period last year.
Senior Management Personnel Mr. Alok Verma retired effective close of business hours on November 30, 2025.
💼 Action for Investors
Investors should view the strong bottom-line growth positively, though they should monitor the long-term impact of the new labour codes on operating costs. The stock remains a key play in the automotive lighting segment with improving profitability metrics.
Lumax Industries Q3 FY26 Consolidated Net Profit Rises 39% YoY to ₹46.55 Crore
Lumax Industries reported a strong performance for Q3 FY26, with consolidated revenue growing 18.6% YoY to ₹1,052.72 crore. Net profit for the quarter surged 39% YoY to ₹46.55 crore, even after accounting for an exceptional charge of ₹15.86 crore related to the new Labour Code assessment. The company's EPS improved significantly to ₹49.79 from ₹35.82 in the same quarter last year. Operational performance remains robust with 9M FY26 revenue reaching ₹2,983.84 crore.
Key Highlights
Consolidated Revenue from operations grew 18.6% YoY to ₹1,052.72 crore in Q3 FY26.
Consolidated Net Profit increased by 39% YoY to ₹46.55 crore compared to ₹33.48 crore in Q3 FY25.
Earnings Per Share (EPS) rose to ₹49.79 in Q3 FY26 from ₹35.82 in the year-ago period.
Recorded an exceptional item of ₹15.86 crore due to the impact assessment of new Government Labour Codes.
Nine-month (9M FY26) consolidated revenue reached ₹2,983.84 crore, up from ₹2,477.02 crore YoY.
💼 Action for Investors
Investors should note the strong double-digit growth in both top-line and bottom-line figures, indicating healthy demand in the automotive lighting segment. The stock remains a solid play on the Indian auto-ancillary recovery with improving profitability margins.