Lumax Auto Technologies532796Capex expansion plan

Board approves new Mechatronics plant at Manesar with around Rs. 150 Crores outlay

New Mechatronics plant at Manesar approved: outlay around Rs. 150 Crores, making electronic components like Body Control Modules.

By ScoutQuest · Sat 24 Oct 2026, 5:41 PM IST · 2 min read

11,667.11 (Rs. in Lakhs)+50.4%

20257,755.54 (Rs. in Lakhs)202611,667.11 (Rs. in Lakhs)

Consolidated profit for the period, quarter ended 30.09.: 7,755.54 (Rs. in Lakhs) (2025) and 11,667.11 (Rs. in Lakhs) (2026).

Capital Outlay: around Rs. 150 Crores
Peak Annualised Turnover: around Rs. 500 Crores
Commissioning Timeline: in phases from Q3 FY2028

New plant: what the board approved

Location: Manesar, Haryana.
Capital outlay: around Rs. 150 Crores, to be funded by a mix of debt and internal accruals.
Products: electronic components including Body Control Module and similar parts, for leading OEMs.
Peak annualised turnover: expected around Rs. 500 Crores after commissioning.
Commissioning: expected in phases starting Q3 FY2028.

How to read the project numbers

The around Rs. 150 Crores is the money the company plans to spend on setting up the plant. The around Rs. 500 Crores is the annual revenue expected at peak, once the plant is running; the update describes it as a post-commissioning expectation. Part of the spending is to be met from debt, so the project will also carry borrowing.

Quarterly results approved in the same meeting

Consolidated revenue from operations for the quarter ended September 30, 2026: Rs. 1,55,550.53 lakh, compared with Rs. 1,15,636.22 lakh in the year-earlier quarter (restated).
Consolidated profit for the quarter: Rs. 11,667.11 lakh, compared with Rs. 7,755.54 lakh in the year-earlier quarter.
Consolidated basic earnings per share for the quarter: Rs. 15.48.

The year-earlier figures are restated because wholly owned subsidiaries were merged into the company, a matter the auditors' review report also refers to.

Guarantee for a subsidiary

The board approved issuance of a corporate guarantee, letter of comfort and/or post-dated cheques to secure loans that banks, financial institutions or NBFCs provide to Lumax Greenfuel Energy Solutions Private Limited, a subsidiary, for an additional amount up to Rs. 15 Crores. In plain terms, the listed company is putting its backing behind a subsidiary's borrowings.

Relocation of a plant

The board took note of the relocation of a manufacturing facility from Sahajapur, Aurangabad to MIDC Waluj, Chhatrapati Sambhajinagar, Maharashtra. "Took note" means the matter was placed before the board and recorded; it is not a fresh approval.

What to watch

Whether the Manesar plant is commissioned on the stated timeline, starting Q3 FY2028.
How much of the around Rs. 150 Crores is funded by debt versus internal accruals.
Progress towards the around Rs. 500 Crores peak annualised turnover after the plant starts.
How the subsidiary guarantee is drawn upon and the loans it secures.

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