Lumax Auto Technologies Limited reported profit after tax (before minority interest) of ₹108 crore for the third quarter ended December 31, 2025, marking a 93% increase compared to Q3FY25. For the nine-month period, PAT stood at ₹240 crore, up 60% year-on-year.
Consolidated revenue from operations reached ₹1,271 crore in Q3FY26, representing a 40% increase over the same quarter last year. For the nine-month period ending December 31, 2025, revenue stood at ₹3,453 crore, up 38% compared to 9MFY25.
EBITDA for the quarter was ₹191 crore, translating to a margin of 15%, which represents a 100 basis point improvement over Q3FY25. For the nine-month period, EBITDA reached ₹497 crore with a margin of 14.4%, up 40 basis points from the previous year.
The company attributed the margin expansion to operating efficiencies, improved absorption of fixed costs, and a shift toward higher-value products in its sales mix.
On a standalone basis, the company's OEM (original equipment manufacturer) revenues grew 20% year-on-year in Q3FY26 and 15% in the nine-month period. This growth was supported by expansion in the two-wheeler industry.
The aftermarket segment maintained momentum with 15% growth in 9MFY26, reflecting customer adoption of the company's product portfolio.
Subsidiaries excluding Greenfuel grew 39% year-on-year, with IAC India and Mechatronics entities contributing to the growth. Including Greenfuel, subsidiary growth reached 56% in 9MFY26.
Strategic Developments
The National Company Law Tribunal (NCLT) in Chandigarh approved the merger of Greenfuel Energy Solutions Private Limited with Lumax Resources Private Limited. The merger became effective on February 03, 2026.
The company is also progressing with the merger of IAC India with Lumax Auto Tech, having completed the first motion in the process.
"Q3 FY26 represented a quarter of consistent execution for Lumax Auto Technologies, with growth delivered across core businesses and steady progress on our strategic priorities," said Anmol Jain, Managing Director of Lumax Auto Technologies Limited.
Jain noted that revenue momentum was driven by performance across key OEM programs, expansion of the aftermarket business, and improving scale across subsidiaries. He cited operating leverage, improving product mix, and cost discipline as factors contributing to sequential profitability improvements.
Operational Metrics for 9MFY26
The company launched several products during the quarter, though specific details were not disclosed in the financial results announcement.
Lumax Auto Technologies operates 30 manufacturing plants across India, positioned in major automotive manufacturing clusters. The company manufactures automotive components including lighting systems, chassis components, gear shifters, emission systems, oxygen sensors, wiring harnesses, and CNG delivery systems.
Key customers include Mahindra & Mahindra, Bajaj Auto, Maruti Suzuki, Honda Motorcycles and Scooters, Tata Motors, Daimler India, and Volkswagen.
The company stated it maintains a healthy order pipeline and is pursuing capacity expansion initiatives and technology capability enhancements aligned with mobility trends.