Q3 2026 Lumax AutoTechnologies Ltd Earnings Call Transcript
Key Points
- Lumax Auto Technologies Ltd (BOM:532796) reported its highest-ever quarterly revenue in Q3 FY26, with a 40% year-on-year growth.
- The company revised its revenue growth guidance upwards from 25% to 30% for FY26, indicating strong business momentum.
- EBITDA margins reached 15% for the first time in Q3 FY26, showing a 100 basis points improvement from the previous year.
- The company has a robust order book of INR1,450 crores, providing healthy visibility for future business.
- Strategic mergers and acquisitions, such as the merger of Greenfuel Energy Solutions, are progressing well, simplifying corporate structure and enhancing capital efficiency.
- There is a slight increase in depreciation and finance costs due to capitalization and amortization of right-of-use assets.
- The impact of changes in wage codes resulted in an exceptional item cost of INR14.95 crores for the quarter.
- Despite strong performance, some subsidiaries like Lumax Yokowo are still not consistently profitable at the PBT level.
- The company faces potential risks in maintaining its upward EBITDA margin trajectory, although management is confident in mitigating these risks.
- The Aftermarket segment, while showing growth, has not yet achieved the aspirational growth rate of over 20%.
Ladies and gentlemen, good day, and welcome to the Lumax Auto Technologies Limited Q3 and nine months FY26 earnings conference call.
This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Anmol Jain, Managing Director of Lumax Auto Technologies Limited. Thank you, and over to you, sir.
Thank you. A very good afternoon, everyone, and thank you for joining us for Lumax Auto Technologies Limited Q3 and nine-month FY26 earnings conference call. It's a pleasure to welcome you all today.
I'm joined by our leadership team, including Mr. Sanjay Mehta, Director and Group CFO; Mr. Vikas Marwah, CEO of
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