La Opala RG Q2 FY26 Results: Revenue Grows 0.3% YoY to ₹90.9 Cr, PAT Rises 11% to ₹26.78 Cr on Stable Demand
9 Nov 2025
Lumax Auto Technologies Limited - Automotive Components and Lighting Manufacturing Facility
📊 Stock Analysis
Complete financial analysis with key metrics and investment outlook
Lumax Auto Technologies Q2 FY2026 Financial Performance
Lumax Auto Technologies Limited (NSE: LUMAXTECH) delivered a solid performance in Q2 FY26 (July–September 2025), posting healthy double-digit growth in both revenue and profit as automotive demand remained strong across OEMs and export markets.
The company, part of the Lumax DK Jain Group, continues to benefit from its diversified product portfolio covering lighting systems, chassis, and electronics, and from synergies with subsidiaries and technology partners.
Stock Performance & Key Metrics
As of November 7, 2025:
- Current Price: ₹1,200
- Market Cap: ₹8,180 Crores
- High / Low (₹): 1,338 / 449
- Stock P/E: 38.7
- Industry P/E: 32.4
- Book Value: ₹137
- Dividend Yield: 0.46%
- ROCE: 19.0%
- ROE: 20.2%
- Face Value: ₹2
- EPS (TTM): ₹31.0
- Debt to Equity: 0.97
- Debt: ₹902 Crores
- PEG Ratio: 1.09
Q2 FY2026 Consolidated Financial Highlights
| Particulars | Q2 FY26 | Q1 FY26 | Q2 FY25 | YoY Change |
|---|---|---|---|---|
| Revenue / Total Income | ₹1,156 Cr | ₹1,026 Cr | ₹842 Cr | ↑ 37% |
| EBITDA | ₹155 Cr | ₹125 Cr | ₹102 Cr | ↑ 51% |
| Net Profit (PAT) | ₹77.6 Cr | ₹54.0 Cr | ₹51.8 Cr | ↑ 56% |
| EPS (₹) | 9.81 | 6.08 | 6.29 | ↑ 56% |
The results underscore continued demand strength from OEM clients, efficiency gains from automation, and improved product mix across core segments.
H1 FY2026 Summary
- Total Income (H1 FY26): ₹2,183 Cr vs ₹1,598 Cr (↑ 37% YoY)
- Net Profit (H1 FY26): ₹132 Cr vs ₹93 Cr (↑ 41% YoY)
- Operating margins expanded on better utilization and scale efficiencies.
Management Commentary
The management attributed the strong quarterly performance to higher volumes in lighting and chassis divisions, and synergies from the recently acquired IAC International Automotive India Pvt Ltd.
> “The automotive sector continues its upward momentum, and Lumax remains focused on technological advancement, localization, and strengthening OEM relationships,” the company stated in its exchange filing.
Strategic Highlights
- Approved merger of IAC subsidiary with Lumax Auto Technologies to simplify structure and enhance scale.
- Re-appointment of Mr. Dhanesh Kumar Jain (Executive Chairman) and Mr. Anmol Jain (Managing Director) for new terms starting FY27.
- Continued R&D investment in EV-ready and connected components.
- Newly incorporated subsidiaries — Lumax Autocomp Pvt Ltd and Lumax Auto Solutions Pvt Ltd — to strengthen domestic operations.
- Maintained steady dividend payout and prudent capital management.
Business Overview
Established in 1981, Lumax Auto Technologies Ltd (LATL) is a leading manufacturer of automotive lighting, frame chassis, integrated plastics, and telematics products. The company supplies to major OEMs including Bajaj Auto, Tata Motors, and Honda, with operations across India and overseas partnerships with Alps Alpine, Mannoh, and Yokowo.
Financial Strength
Lumax maintains a balanced financial profile with ROE of 20.2% and ROCE of 19.0%. Despite moderate leverage (Debt-to-Equity 0.97), the company’s cash flow generation and capital efficiency remain strong.
Outlook
Lumax expects steady growth momentum ahead, supported by:
- Healthy automotive production volumes and EV adoption
- Integration benefits post IAC merger
- Expansion in export markets and new product categories
- Cost optimization and R&D-led innovation
The company remains focused on sustainable growth and shareholder value creation as part of its long-term strategy.
*For full results, refer to the official filing:* https://www.bseindia.com/xml-data/corpfiling/AttachLive/cae9903e-cd50-41bf-9535-4cb651c139b3.pdf
*Data as of November 8, 2025 | Results approved by Board of Directors on November 8, 2025*
