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08-Aug-2025

Lumax Auto Technologies

Maintains revenue growth guidance of 20% YoY


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Lumax Auto Technologies hosted a conference call on Aug 8, 2025. The company was represented by Mr. Anmol Jain – Managing Director, Mr. Sanjay Mehta – Director & Group Chief Financial Officer, and Mr. Vikas Marwah – Chief Executive Officer.

Key takeaways of the call

Revenue from OEM business grew by 5% YoY in Q1 FY26, while the aftermarket segment showed a strong growth of 16% YoY, reflecting healthy customer traction and product acceptance.

In Q1 FY26, the subsidiaries (excluding the newly acquired Greenfuel) grew by 36% YoY, with IAC India & Mechatronics entities leading the way. Including Greenfuel, the growth was 59% YoY.

Greenfuel reported revenue of Rs 95 crore in Q1 FY26. The business continues to be margin-accretive to the consolidated performance.

Q1 FY26 EBITDA margin declined due to certain price corrections from customers. However, these ...



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