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Lumax Industries had its best quarter, with Q3 FY26 revenue at ₹1,053 Cr (up 18.7% YoY) and EBITDA margins improving to 10.6%. Profit After Tax (PAT) increased 39% to ₹47 Cr. Management highlighted strong auto sector growth and a robust order book of ₹1,759 Cr, 81% of which is LED-based. Key orders include Tata Sierra/Punch, Mahindra e-rickshaws, and TVS Apache RTX300. Capex for FY26 revised to ₹350-400 Cr, accelerating new plant expansions. Lumax aims for 12% EBITDA margins within two years, driven by operational efficiency and 20%+ revenue growth in FY27. Management expresses confidence in future growth.