Lumax Auto Technologies Q2 Results, October 24, 2026: Profit Up 58% on Record ₹1,556 Crore Revenue

Lumax Auto Technologies Q2 results came in on Saturday, October 24, 2026, and the headline is simple: the gear-shifter and auto-components maker crossed ₹1,500 crore of quarterly revenue for the first time. Consolidated revenue from operations rose 35% year-on-year to ₹1,556 crore for the July-September quarter, according to the company’s investor release filed with NSE.

Profit grew faster than sales, which is the bit shareholders will care about.

Lumax Auto Technologies Q2 results: the key numbers

Here is how the quarter stacks up against the same period last year, using the consolidated figures in the company’s board meeting outcome and results filing:

• Revenue from operations: ₹1,556 crore, up 35% from ₹1,156 crore in Q2 FY26, and up 14% from ₹1,364 crore in Q1 FY27.
• EBITDA (including other income): ₹228 crore against ₹170 crore, up 34%. The margin held at 14.7%, the same as a year ago, though it slipped from 15.1% in the June quarter.
• Profit after tax before minority interest: ₹117 crore versus ₹78 crore, up 50%, with the margin improving to 7.5% from 6.7%.
• Profit attributable to owners of the company: about ₹105.5 crore, up from about ₹66.9 crore, a rise of roughly 58% year-on-year and 22% over the previous quarter.
• EPS: ₹15.48 for the quarter, against ₹9.81 a year earlier.

For the first half of FY27, revenue rose 34% to ₹2,919 crore, and profit before minority interest climbed 64% to ₹215 crore. Half-year EBITDA margin was 14.9%, about 90 basis points better than in H1 FY26.

Where the growth came from

Lumax makes plastic components, gear shifters, two-wheeler lighting, wiring harnesses and more across 29 plants in India. Two shifts in the half-year mix stand out.

First, two- and three-wheelers made up 27% of H1 FY27 revenue, up from 24% a year ago, while passenger vehicles slipped to 53% from 55%. Commercial vehicles fell to 7% from 9% and the aftermarket to 8% from 10%. Second, by product, advanced plastics now account for 57% of revenue against 52% last year.

Managing Director Anmol Jain pointed to a strong industry backdrop in the release. He said vehicle production grew in every segment in Q2 FY27, with passenger vehicles up 25%, two-wheelers up 17%, three-wheelers up 25% and commercial vehicles up 34%, helped by better affordability after GST 2.0. We’d note that Lumax’s 35% revenue growth was ahead of most of those production numbers, which suggests content per vehicle and new business wins are doing real work here, not just volumes.

The cost pressure to watch

The quarter-on-quarter dip in EBITDA margin, from 15.1% to 14.7%, is the one soft spot. The company tied it to rising input costs and the related recoveries from carmakers. The MD listed crude-linked polymer prices, longer lead times and higher costs for electronic components, freight and rupee depreciation as things to monitor. With plastics over half of revenue, polymer prices matter.

Other comprehensive income attributable to owners, which mainly reflects fair-value gains on investments, fell to about ₹13.5 crore from about ₹64 crore a year ago. If that distinction is new to you, our explainer on unrealised gains in company results walks through it.

Other board decisions

The filing also notes that the sale of Lumax’s entire 50% stake in Lumax Japp Allied Technologies to Japp Holding GmbH of Germany was completed during the period, so that company’s numbers are included only up to June 29, 2026. The board also approved a corporate guarantee or comfort letter of up to ₹15 crore more for loans to its subsidiary Lumax Greenfuel Energy Solutions.

What it means

A strong quarter: record revenue, profit outpacing sales and a richer product mix. Margins are the open question; if input costs keep rising faster than recoveries from carmakers, the squeeze may repeat. For a framework to read filings like this one yourself, see our guide on how to analyse quarterly results of a company.

Sources: Lumax Auto Technologies Q2 FY27 investor release and board meeting outcome with financial results, both filed with NSE on October 24, 2026.

Disclaimer: This article is for information and education only and is not investment advice. Please do your own research or consult a SEBI-registered adviser before making any investment decision.