Latest news with #LumaxAuto
Hindustan Times
2 days ago
- Automotive
- Hindustan Times
Lumax Auto Q1 FY26 revenue rises 20% on strong performance across segments
Lumax Auto Technologies Limited has posted a consolidated revenue of ₹1,026 crore for the quarter ended June 30, 2025, reflecting a 36 per cent year-on-year (YoY) increase from ₹756 crore in the same period last year. The company's profit after tax before minority interest rose 30 per cent to ₹54 crore compared to ₹42 crore in Q1 FY25. Passenger vehicles continued to dominate Lumax Auto's revenue mix in Q1 FY26, accounting for 55 per cent compared to 53 per cent last year. EBITDA was ₹136 crore, a YoY increase of 29 per cent, although margins fell marginally to 13.2 per cent from 14 per cent in Q1 FY25. The reason behind this, the company said, was price corrections received from customers after the end of the quarter, and the benefit is likely to be seen in Q2 performance. Also check these Cars Find more Cars UPCOMING VinFast VF e34 41.9 kWh 41.9 kWh 318 km 318 km ₹ 25 - 30 Lakhs Alert Me When Launched UPCOMING Hyundai Stargazer 1493 cc 1493 cc Multiple Multiple ₹ 10 Lakhs Alert Me When Launched Tata Altroz Racer 1199 cc 1199 cc Petrol Petrol ₹ 9.49 Lakhs Compare View Offers UPCOMING MG Baojun 510 1998 cc 1998 cc Diesel Diesel ₹ 11 Lakhs Alert Me When Launched Lamborghini Huracan Evo Spyder 5204 cc 5204 cc Petrol Petrol ₹ 3.54 Cr Compare View Offers Lamborghini Huracan STO 5204 cc 5204 cc Petrol Petrol ₹ 4.99 Cr Compare View Offers Segment and business mix Passenger vehicles continued to dominate Lumax Auto's revenue mix in Q1 FY26, accounting for 55 per cent compared to 53 per cent last year. Two- and three-wheeler contributions fell to 21 per cent from 26 per cent, while the commercial vehicle segment improved to 11 per cent from 7 per cent. Also Read : Lumax group sets aside ₹250 cr for capex By business mix, advanced plastics was the biggest category at 51 per cent of revenue, followed by structures and control systems at 18 per cent. The alternate fuels segment was 9 per cent of revenue in Q1 FY26, the first time it has featured in the mix. Operational and strategic developments The company's OEM business grew 5 per cent YoY, while the aftermarket segment rose 16 per cent. Subsidiaries excluding recently acquired Greenfuel reported 36 per cent growth, which rose to 59 per cent when Greenfuel's performance was included. During the quarter, Lumax Auto completed the acquisition of the remaining 25 per cent stake in IAC International Automotive India. The company also set up two new wholly owned subsidiaries—Lumax Autocomp Private Limited and Lumax Auto Solutions Private Limited—to explore emerging opportunities in the automotive sector. The board also approved the establishment of a branch office in China and a new technology centre—SHIFT (Smart Hub for Innovation and Future Trends)—in Bengaluru. New launches and recognitions In Q1 FY26, Lumax Auto introduced products for several OEMs, including a shark fin antenna for Mahindra's Scorpio N, feeder assemblies for Honda City export models, and accessory parts for models from Mahindra and Toyota. Management anticipates EBITDA margins to be in the 14–15 per cent range for the half-year of FY26, driven by recovery on price adjustments and seamless integration of the recent acquisitions. With expansion in EV interiors, alternative fuels, and new technology centers, Lumax Auto is to carry forward growth momentum in segments. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date:
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Business Standard
17-06-2025
- Automotive
- Business Standard
Lumax Auto, Subros zoom over 100% from 3-mth lows; what's behind the rally?
Share price movement of Lumax Auto, Subros today Shares of Lumax Auto Technologies (₹1,113.90) and Subros (₹1,084) hit their respective new highs, as these stocks rallied up to 10 per cent on the BSE in Tuesday's intra-day trade in an otherwise weak market. In comparison, the BSE Sensex was down 0.22 per cent at 81,618 at 11:30 AM. These two stocks have seen their share prices more-than-double from their respective 3-month lows. Among individual stocks, Lumax Auto Technologies has zoomed 146 per cent from a level of ₹452.55 on April 7, 2025. Share price of Subros surged 116 per cent from ₹501.55 on March 17, 2025. In the past two trading days, the stock has zoomed 30 per cent from a level of ₹831 on Friday, June 13, 2025. Catch Stock Market Latest Updates Today LIVE What's driving auto related stocks? Subros is the leading manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso Corporation, Japan. The company is engaged primarily in the business of manufacturing and sale of thermal products for automotive and home air-conditioning original equipment manufacturers (OEMs). Subros medium-term growth prospects remains healthy, given its strong market position in the passenger vehicle (PV) industry and continued demand in the industry. Further, the notification from the Government of India mandating air-conditioned (AC) fitted cabins in N2 and N3 trucks (both segments combined cover trucks having gross vehicle weight exceeding 3.5 tonnes), manufactured after October 2025, is expected to generate incremental revenue prospects for the company. The company is expected to continue its growth momentum on account of new product development for various models of PVs, buses, trucks and the railways segment. While the company has significantly muted its sales in the home AC segment due to low segment margins amid inflationary pressure in the fixed price nature of contracts, an increase in the contribution from the other business segments, such as commercial vehicle (CVs) and Indian Railways is expected to support its earnings growth prospects, according to ICRA. Meanwhile, in the past three weeks, the stock price of Lumax Auto Technologies, a leading automotive component manufacturer, has zoomed 63 per cent after the company showcased strong operational performance and strategic expansion through inorganic growth initiatives through its March quarter earnings. The company recorded its highest-ever annual revenue and earnings before interest, tax, depreciation and amortisation (Ebitda), and surpassed the ₹1,000 crore mark in quarterly revenue for the first time. The performance was driven by strong demand across all segments and deepening engagement with OEM partners. Improvement in Ebitda growth highlights the strength of the company's operating model, supported by improved efficiencies, prudent cost management and continued focus on value-added offerings, the management said. With a well-diversified product portfolio and deep integration with leading OEM platforms, the management said the company remains strongly positioned to capitalize on evolving opportunities across segments in a structurally improving macro environment. With a robust balance sheet, strategic acquisitions, and expanding product portfolio, Lumax Auto Technologies said the company is well-positioned to capitalize on the growing automotive market and emerging mobility solutions. Given the healthy order book led by double digit growth prospects, stable margin profile, earnings accretive value conscious acquisitions and impressive return ratios matrix, analysts maintain their positive view on the company.
