Q2 results, Rs. 150 crore Mechatronics plant and Rs. 15 crore guarantee for subsidiary approved
Board meeting on October 24, 2026 approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,55,550.53 | 1,15,636.22 | +34.5% | 1,36,361.57 | +14.1% |
| Total income | 1,57,421.89 | 1,17,194.04 | +34.3% | 1,37,877.79 | +14.2% |
| Profit before tax | 15,424.39 | 10,433.41 | +47.8% | 13,204.63 | +16.8% |
| Profit after tax | 11,667.11 | 7,755.54 | +50.4% | 9,863.65 | +18.3% |
| Total comprehensive income | 13,022.68 | 14,162.83 | −8.1% | 12,675.55 | +2.7% |
| Basic EPS | 15.48 | 9.81 | +57.8% | 12.71 | +21.8% |
- Total Income YoY Growth
- +34.3%
- Period
- Quarter ended 30.09.2026 (Unaudited)
Also decided at the meeting
- Approved issuance of Corporate Guarantee/Letter of Comfort/PDCs for loans to subsidiary Lumax Greenfuel Energy Solutions Private Limited for an additional amount upto Rs. 15 Crores.
- Approved setting up a new Mechatronics manufacturing facility at Manesar, Haryana with capital outlay of around Rs. 150 Crores, funded by debt and internal accruals; commissioning in 2 phases from Q3 FY 2028.
- Took note of relocation of a manufacturing facility from Sahajapur, Aurangabad to Plot No. B 14/2, MIDC Waluj, Chhatrapati Sambhajinagar, Maharashtra.
Notes to the results
- Sale of entire 50% stake in Lumax Japp Allied Technologies Private Limited to Japp Holding GmbH concluded; it ceased to be a subsidiary, results included upto June 29, 2026.
- Labour Codes impact of Rs. 1,449.65 Lakhs was disclosed as Exceptional item in consolidated results for year ended March 31, 2026.
- Mergers of Lumax Ancillary Limited and IAC International Automotive India Private Limited into the Holding Company have no impact on the Consolidated Unaudited Financial Results.
Board meeting held on October 24, 2026 — what was approved
- The unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, recommended by the Audit Committee, with limited review reports from Price Waterhouse Chartered Accountants LLP, the statutory auditors.
- A corporate guarantee, Letter of Comfort and/or post dated cheques to secure loans from banks, financial institutions or NBFCs to subsidiary Lumax Greenfuel Energy Solutions Private Limited, for an additional amount up to Rs. 15 Crores.
- Setting up a new Mechatronics manufacturing facility at Manesar, Haryana, with a capital outlay of around Rs. 150 Crores.
- The board also took note of the relocation of a manufacturing facility from Sahajapur, Aurangabad to MIDC Waluj, Chhatrapati Sambhajinagar, Maharashtra.
The Mechatronics plant
The capex of around Rs. 150 Crores is to be funded by a mix of debt and internal accruals. The facility is meant to cater to the requirement for electronic components, including Body Control Module, for leading original equipment manufacturers. Peak annualised turnover is expected at around Rs. 500 Crores after commissioning, and the project is expected to be commissioned in phases starting Q3 FY 2028. In simple terms, this is a growth capex whose revenue benefit is expected to build up only after the plant starts running.
Support to the subsidiary
The guarantee, letter of comfort and post dated cheques cover an additional borrowing of up to Rs. 15 Crores for Lumax Greenfuel Energy Solutions Private Limited. A corporate guarantee means the parent company stands behind the subsidiary's loan; the detailed disclosure under the SEBI master circular is enclosed as Annexure-A.
What the auditor said
- The review was done under SRE 2410, which gives moderate assurance and is not an audit opinion.
- Based on the review, nothing has come to the auditors' attention that causes them to believe the statement has not been prepared, in all material respects, in accordance with the applicable Accounting Standards and the disclosure requirements.
- They draw attention to Note 5(a) and Note 5(b) on the amalgamation of two former wholly-owned subsidiaries, Lumax Ancillary Limited and IAC International Automotive India Private Limited, both approved by the NCLT; the earlier comparative figures for the quarter and half year ended September 30, 2025 have accordingly been restated. The auditors state that their conclusion is not modified on this matter.
Key figures from the results (Rs. in lakhs)
- Consolidated 'Revenue from operations', September 2026 quarter: 1,55,550.53
- Consolidated 'Profit for the period', September 2026 quarter: 11,667.11
- Standalone 'Revenue from operations', September 2026 quarter: 1,20,469.75
- Standalone 'Profit for the period', September 2026 quarter: 8,899.65
- Consolidated basic earnings per share for the quarter: Rs. 15.48
How to read this
The update bundles three things that matter to different degrees. The results are the routine quarterly disclosure, accompanied by a clean review conclusion. The new plant is the forward-looking item, with a stated capex and a stated turnover expectation once commissioned. The guarantee is a commitment extended to a subsidiary for additional borrowing. Which of these a reader weighs most depends on whether the focus is current earnings or the longer-term capacity plan.
Also from Lumax Auto Technologies
Board approves new Mechatronics plant at Manesar with around Rs. 150 Crores outlay
24 Oct 2026
Lumax Auto Technologies Ltd press release, Q2 FY27
24 Oct 2026
Board approves guarantee of up to Rs. 15 Crores for subsidiary; new Manesar plant with around Rs. 150 Crores outlay
24 Oct 2026
More numbers
- Corporate guarantee/letter of comfort for subsidiary loan (additional amount)Rs. 15 Crores
- Capital outlay for new Mechatronics facility, ManesarRs. 150 Crores
- Expected peak annualised turnover post commissioningRs. 500 Crores
- Standalone Revenue from operations, Sep 2026 quarter (Rs. in lakhs)1,20,469.75
- Standalone Profit for the period, Sep 2026 quarter (Rs. in lakhs)8,899.65
- Total income, latest quarter1,57,421.89 (Rs. in Lakhs)
- Total income, year-ago quarter1,17,194.04 (Rs. in Lakhs)
- Total income, previous quarter1,37,877.79 (Rs. in Lakhs)
- Total comprehensive income, latest quarter13,022.68 (Rs. in Lakhs)
- Total comprehensive income, year-ago quarter14,162.83 (Rs. in Lakhs)
- Total comprehensive income, previous quarter12,675.55 (Rs. in Lakhs)
- Profit after tax, latest quarter11,667.11 (Rs. in Lakhs)
- Profit after tax, year-ago quarter7,755.54 (Rs. in Lakhs)
- Profit after tax, previous quarter9,863.65 (Rs. in Lakhs)
- Revenue from operations, latest quarter1,55,550.53 (Rs. in Lakhs)
- Revenue from operations, year-ago quarter1,15,636.22 (Rs. in Lakhs)
- Revenue from operations, previous quarter1,36,361.57 (Rs. in Lakhs)
- Profit before tax, latest quarter15,424.39 (Rs. in Lakhs)
- Profit before tax, year-ago quarter10,433.41 (Rs. in Lakhs)
- Profit before tax, previous quarter13,204.63 (Rs. in Lakhs)
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