Lumax Industries Limited — Investor Meet, 15-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Lumax Industries reported Q2 FY26 revenue of Rs. 1,009 Cr (+24.2% YoY) and H1 revenue of Rs. 1,931 Cr (+22.4% YoY). Q2 EBITDA was Rs. 91 Cr (9% margin), impacted by FX. PAT grew 26% to Rs. 36 Cr.

FY26 revenue growth guidance is raised to 20-25%, with CAPEX now Rs. 220-260 Cr for new facilities, including a Rs. 140 Cr Bengaluru plant for Maruti Suzuki and Toyota. The robust order book exceeds Rs. 1,800 Cr, 85% LED-based, ensuring strong revenue visibility. Management anticipates double-digit EBITDA margins for FY26, targeting 12-13% in 2-3 years, driven by operational efficiencies and technology. The outlook is confident, highlighting strategic growth and market leadership.