Lumax Auto Tech had a strong Q1 FY26. Revenue surged 36% YoY to ₹1,026 Cr, with PAT up 30% to ₹54 Cr. EBITDA margin was 13.2%, impacted by delayed price adjustments received in Q2; H1 margin is targeted at 14-15%. The company holds a robust ₹1,500 Cr order book, 40% from future mobility solutions. Key drivers include IAC India's strong performance with Mahindra, and Greenfuel's contribution (revenue doubled for Tata Motors). New tech centers in Bangalore & China aim to boost innovation. Management is confident in strategic diversification and expects improved asset turns, forecasting 20% CAGR for revenue, EBITDA, PAT, and ROCE, with a 16% EBITDA target by FY28.