ScoutQuest26 Oct 2026
Lumax Industries517206Quarterly results

Lumax Industries Q2 FY27 revenue up 33% to INR 1,341.8 Cr; order book at INR 2,580 Cr

Q2FY27 operating revenue up 33.0% to INR 1,341.8 Cr; consolidated PAT up 45.9% but EBITDA margin down 80 bps to 8.2%.

By ScoutQuest · · 1 min read

Operating revenue
Q2FY27 total operating revenue rose 33.0% year on year to INR 1,341.8 Cr
Consolidated PAT
Consolidated PAT rose 45.9% to INR 52.0 Cr in Q2
EBITDA margin
consolidated EBITDA margin fell 80 bps to 8.2%
Period
Q2 and H1 FY27 (quarter ended September 30, 2026)
Positioning
Lumax Industries describes itself as an automotive lighting maker with Stanley Electric ties, founded in 1945, posting highest-ever FY26 revenue of INR 4,184 Cr.

📉 Q2FY27 total operating revenue rose 33.0% year on year to INR 1,341.8 Cr; H1FY27 revenue grew 32.8% to INR 2,565.1 Cr. Consolidated PAT rose 45.9% to INR 52.0 Cr in Q2, but consolidated EBITDA margin fell 80 bps to 8.2%.

📈 The chairman attributes margin pressure to geopolitical supply chain disruption and input cost volatility, and says the company is working with customers on cost recovery while focusing on cost discipline.

📋 The company says its order book stands at INR 2,580 Cr, about 88% LED and 11% EV, with passenger vehicles at 63% and two- and three-wheelers at 37%.

🌍 Management lists five growth pillars: LED mix of 65-70%, EV design-ins, LED localisation above 50% from 30-35%, early-teens EBITDA margin within 2-3 years, and exports via the Stanley Electric network. It also targets 100% renewable energy by FY27-28.

More numbers
  • Revenue, FY264,184 (INR Cr)
  • EBITDA, FY26412 (INR Cr)
  • EBITDA margin, FY269.8%
  • Total operating revenue, Q2FY271,341.8 (INR Cr)
  • Operating revenue growth YoY, Q2FY2733.0%
  • Consolidated EBITDA, Q2FY27110.3 (INR Cr)
  • Consolidated EBITDA margin, Q2FY278.2%
  • Consolidated PAT, Q2FY2752.0 (INR Cr)
  • Consolidated PAT, H1FY27103.1 (INR Cr)
  • Total operating revenue, H1FY272,565.1 (INR Cr)
  • Order bookINR 2,580 Cr
  • Consolidated current borrowings, Sep-26798.5 (INR Cr)
Source: BSE · 26 Oct 2026

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