Lumino Industries Q2 FY27 Results: Consolidated Net Profit ₹53.06 Crore on Total Income of ₹669 Crore
- Earnings
- Overhead transmission conductors and solar EPC
Reviewed byRachit TripathiBlacklitt Research
Lumino Industries (NSE: LUMINO) reported consolidated total income of ₹669.24 crore and net profit of ₹53.06 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹669.04 crore and standalone net profit ₹53.02 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹669.24 crore, up 29.9% YoY and 27.0% QoQ
- Net profit: ₹53.06 crore, up 50.7% YoY and 32.1% QoQ
- EPS: ₹2.03 basic, against ₹1.45 a year earlier
- Finance costs: ₹17.51 crore, down 6.3% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹669.04 crore, up 29.9% YoY and 27.0% QoQ
- Net profit: ₹53.02 crore, up 50.7% YoY and 31.6% QoQ
- EPS: ₹2.03 basic, against ₹1.44 a year earlier
- Profit before tax: ₹60.68 crore, up 31.0% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 669.24 | 515.23 | +29.9% | 526.80 | +27.0% | |
| Revenue from operations | 661.42 | 509.14 | +29.9% | 521.43 | +26.8% |
| Other income | 7.82 | 6.09 | +28.3% | 5.37 | +45.5% |
| 53.06 | 35.21 | +50.7% | 40.17 | +32.1% | |
| Profit before tax | 69.72 | 46.36 | +50.4% | 54.37 | +28.2% |
| Finance costs | 17.51 | 18.69 | -6.3% | 17.24 | +1.6% |
| Depreciation | 4.90 | 4.01 | +22.1% | 4.47 | +9.7% |
| Tax expense | 16.67 | 11.15 | +49.5% | 14.19 | +17.4% |
| Net profit margin | 7.93% | 6.83% | +1.09 pp | 7.63% | +0.30 pp |
| EPS, basic (₹) | 2.03 | 1.45 | +40.0% | 1.65 | +23.0% |
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.
Profit grew faster than income. Net profit rose 50.7% YoY to ₹53.06 crore, against 29.9% growth in total income, and profit before tax rose 50.4% to ₹69.72 crore. Other income of ₹7.82 crore is 1.2% of total income this quarter, so most of the income is from operations.
Finance costs fell 6.3% YoY to ₹17.51 crore, which is 2.6% of total income, while depreciation rose 22.1% to ₹4.90 crore. Tax of ₹16.67 crore is 23.9% of profit before tax, against ₹11.15 crore a year earlier on lower profit before tax of ₹46.36 crore.
The filing says paid up equity share capital rose to ₹152.28 crore at 30 Sep 2026 from ₹121.79 crore at 31 Mar 2026 following the IPO. Consolidated other equity stood at ₹1,145.54 crore at 30 Sep 2026, against ₹607.92 crore at 31 Mar 2026. The auditors' conclusion is unmodified on the consolidated results, and the prior-year quarter was not reviewed by them.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 669.04 | 515.22 | +29.9% | 526.73 | +27.0% | |
| Revenue from operations | 661.42 | 509.14 | +29.9% | 521.43 | +26.8% |
| Other income | 7.62 | 6.08 | +25.3% | 5.30 | +43.6% |
| 53.02 | 35.18 | +50.7% | 40.30 | +31.6% | |
| Profit before tax | 60.68 | 46.34 | +31.0% | 54.49 | +11.4% |
| Finance costs | 17.51 | 18.69 | -6.3% | 17.24 | +1.6% |
| Depreciation | 4.90 | 4.01 | +22.1% | 4.47 | +9.7% |
| Tax expense | 16.66 | 11.15 | +49.4% | 14.20 | +17.4% |
| Net profit margin | 7.92% | 6.83% | +1.10 pp | 7.65% | +0.27 pp |
| EPS, basic (₹) | 2.03 | 1.44 | +41.0% | 1.65 | +23.0% |
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 of ₹53.02 crore is ₹0.04 crore below the consolidated figure of ₹53.06 crore. Standalone profit before tax rose 31.0% YoY to ₹60.68 crore, slower than the 50.7% rise in net profit, and standalone other income of ₹7.62 crore is 12.6% of profit before tax.
Standalone tax of ₹16.66 crore is 27.5% of profit before tax this quarter. The filing states that the joint venture SIPS-LUMINO-ZETWERK (V EPC - 4) is not consolidated, and that the parent will not claim its profit or bear its losses under the joint venture agreement.
Inference
The IPO was listed on NSE and BSE on 3 Sep 2026. The fresh issue raised ₹500 crore gross, with proportionate issue expenses of ₹37.41 crore, and the offer for sale of ₹200 crore went to promoter selling shareholders. The filing says the Board approved utilisation on 20 Aug 2026 and that there is no deviation from the objects of the offer.
Up to 30 Sep 2026, ₹264.08 crore of the net proceeds had been used against ₹337.00 crore for loan repayment, and ₹60.11 crore against ₹110.58 crore for general corporate purposes. The ₹15.01 crore for capital expenditure is unutilised. The filing does not say when the unutilised capital expenditure amount will be spent, or why the other income changed from the prior quarter.
Filed with BSE on . Reference: Original filing (PDF)
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