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Earnings Call

Lumax Industries Earnings Call: Key Takeaways

Lumax reported record performance in FY26 with revenue growing 23% to ₹4,184 crore and EBITDA margins expanding to 9.8%, driven by a structural shift toward LED lighting.

Why this was an Alfa AlertNot a filter event. Performance was in line with general positive momentum; no specific guidance beat >10% mentioned.
Highlights
Revenue growth23% YoY for FY26; 30% for Q4 FY26.
MarginsFY26 EBITDA margin at 9.8% (+130 bps); Q4 at 10.4%.
Order book₹2,200 crore; 88% composition is LED lighting.
Demand visibilityStrong recovery in H2 FY26; robust order book provides visibility.
Management confidenceHigh, targeting double industry growth rate and 13% mid-term margins.

Growth

FY26 revenue up 23% YoY; PAT grew 23.3% to ₹172.5 crore. Q4 revenue grew 30% YoY.

Outlook

FY27 capex guided at ₹100-150cr. Mid-term EBITDA margin target of 13%. Revenue growth expected at 2x industry.

Risks

Geopolitical tensions in West Asia, commodity price volatility, and potential 3-month lag in passing cost increases.

Last quarter's promises, checked

Delivered

  • Guided double-digit EBITDA margin → delivered 10.6% (= BEAT)
  • Guided 15-20% revenue growth → delivered 18.7% (= BEAT)
  • Guided LED revenue share increase → delivered 61% vs 52% YoY (= BEAT)

Partly delivered

  • Guided FY26 Capex ₹220-260cr → delivered ₹350-400cr (= PARTIAL)
Source

Earnings Call filed with NSE, NSE: LUMAXIND. Summary written with AI assistance from the document.

Read the document ↗

Lumax Industries Ltd: key numbers

Share price
₹5,769.00
Market cap
₹5,393 Cr
Revenue (annual)
₹4,184 Cr
Net profit (annual)
₹172.5 Cr
P/E (TTM)
28.8×Sector 33.6×
Promoter holding
75.00%+0.00% QoQ
FII holding
1.36%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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