Lumax Auto Technologies Q2 FY27 Results: Consolidated Net Profit ₹117 Crore on Total Income of ₹1,574 Crore
Earnings
Automotive components
Blacklitt Research4 min read
Lumax Auto Technologies (NSE: LUMAXTECH) reported consolidated total income of ₹1,574.22 crore and net profit of ₹116.67 crore for the quarter ended 30 Sep 2026, it said in a filing on 24 Oct 2026. Standalone total income was ₹1,224.72 crore and standalone net profit ₹89.00 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹1,574.22 crore, up 34.3% YoY and 14.2% QoQ
Net profit and EPS: ₹116.67 crore, up 50.4% YoY; basic EPS ₹15.48 against ₹9.81 a year earlier
Profit attributable to owners: ₹105.51 crore, against ₹66.85 crore in Q2 FY26
Finance costs: ₹24.24 crore, down 1.0% YoY and 1.9% QoQ
Standalone
The company on its own, without its subsidiaries
Total income: ₹1,224.72 crore, up 36.6% YoY and 18.4% QoQ
Net profit and EPS: ₹89.00 crore, up 45.7% YoY; basic EPS ₹13.06 against ₹8.96 a year earlier
Other income: ₹20.02 crore, down 14.8% YoY
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
1,574.22
1,171.94
+34.3%
1,378.78
+14.2%
Revenue from operations
1,555.51
1,156.36
+34.5%
1,363.62
+14.1%
Other income
18.71
15.58
+20.1%
15.16
+23.4%
116.67
77.56
+50.4%
98.64
+18.3%
Profit before tax
154.24
104.33
+47.8%
132.05
+16.8%
Finance costs
24.24
24.49
-1.0%
24.71
-1.9%
Depreciation
49.72
41.27
+20.5%
48.60
+2.3%
Tax expense
37.57
26.78
+40.3%
33.41
+12.5%
Net profit margin
7.41%
6.62%
+0.79 pp
7.15%
+0.26 pp
EPS, basic (₹)
15.48
9.81
+57.8%
12.71
+21.8%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit grew faster than income: profit rose 50.4% YoY against 34.3% growth in total income, and 18.3% QoQ against 14.2%. Revenue from operations rose 34.5% YoY, while other income rose 20.1%, so the growth is mainly from the operating line. Other income of ₹18.71 crore is 1.2% of total income and 12.1% of profit before tax of ₹154.24 crore.
Tax took a smaller share of profit than a year ago. Tax expense of ₹37.57 crore is 24.4% of profit before tax, against ₹26.78 crore on ₹104.33 crore a year earlier, which is 25.7%. Net profit grew faster than profit before tax (47.8%) in the year, consistent with that lower tax share.
Finance costs of ₹24.24 crore are 1.5% of total income and were almost flat YoY, while depreciation rose 20.5% to ₹49.72 crore. Profit attributable to owners of ₹105.51 crore is about 90% of total consolidated profit of ₹116.67 crore, with the rest going to non-controlling interest of ₹11.16 crore.
The filing gives the labour codes exceptional item of ₹14.50 crore for the year ended 31 Mar 2026 in consolidated results, but this quarter has no exceptional item in the table. The Japp Allied stake sale is recorded as concluded in the current period, and the filing does not give its gain or loss in the current period.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
1,224.72
896.31
+36.6%
1,034.12
+18.4%
Revenue from operations
1,204.70
872.81
+38.0%
1,009.25
+19.4%
Other income
20.02
23.50
-14.8%
24.87
-19.5%
89.00
61.08
+45.7%
73.75
+20.7%
Profit before tax
116.80
78.91
+48.0%
98.43
+18.7%
Finance costs
18.54
19.01
-2.4%
19.52
-5.0%
Depreciation
33.98
29.32
+15.9%
33.75
+0.7%
Tax expense
27.80
17.83
+56.0%
24.67
+12.7%
Net profit margin
7.27%
6.81%
+0.45 pp
7.13%
+0.13 pp
EPS, basic (₹)
13.06
8.96
+45.8%
10.82
+20.7%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 45.7% YoY, slower than profit before tax (48.0%), and grew 20.7% QoQ, faster than total income (18.4%).
Standalone tax expense of ₹27.80 crore is 23.8% of profit before tax of ₹116.80 crore, against ₹17.83 crore on ₹78.91 crore a year earlier, which is 22.6%. Depreciation rose 15.9% YoY to ₹33.98 crore, and finance costs fell 2.4% to ₹18.54 crore.
Standalone net profit of ₹89.00 crore is ₹27.67 crore below consolidated net profit of ₹116.67 crore, and standalone total income of ₹1,224.72 crore is ₹349.50 crore below consolidated total income. The filing does not split this gap between the subsidiaries in the results.
Inference
The filing reports a Board approval of a corporate guarantee, letter of comfort or post dated cheques of up to ₹15 crore for Lumax Greenfuel Energy Solutions Private Limited, in which the company holds 60%. The company says there is no foreseeable impact on the company from this, as the loan is needed for the subsidiary's capex and working capital.
The Board also approved a new Mechatronics manufacturing facility at Manesar, Haryana, with a capital outlay of around ₹150 crore, funded by a mix of debt and internal accruals. The company expects peak annualized turnover of around ₹500 crore after commissioning, in two phases starting Q3 FY 2028. The filing does not give the split between debt and internal accruals, and the results do not show any dividend declared for the quarter.
Consolidated EPS of ₹15.48 and standalone EPS of ₹13.06 reflect the profit figures above; the filing does not say how much of the profit will be paid out.
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LUMAXTECHLumax Auto Technologies Ltd.
