Lumax Auto quarterly profit up 58%, new Manesar plant planned

what happened

Lumax Auto Technologies posted a strong second quarter of fiscal 2027 (FY27), with net profit rising 57.5% year on year to 105.5 crore rupees from 67 crore a year earlier. Revenue climbed 34.5% to 1,555.5 crore rupees. According to TradingView, EBITDA grew 32.4% to 204.7 crore rupees, while the EBITDA margin slipped to 13.2% from 13.4%.

The company also plans a mechatronics facility in Manesar, Haryana, with a capital outlay of about 150 crore rupees. The plant will make electronic components, including body control modules, for major automakers, funded through a mix of debt and internal accruals. Commissioning is set in two phases starting in the third quarter of FY28, and at full capacity it should generate roughly 500 crore rupees in annual turnover.

Separately, the firm completed the sale of its entire 50% stake in Lumax Japp Allied Technologies to Germany-based Japp Holding GmbH. The board approved the deal on May 8, 2026, and the unit has stopped being a subsidiary. Shares ended Friday, October 23, down 0.53% at 1,807.70 rupees on the NSE.

why it matters

The results matter for India's auto component sector, though management flagged cost pressure from crude-linked polymers, electronic components, freight and rupee weakness. The stock fell 11.1% over the past month and is up 12.5% year to date.

market impact

Lumax Auto shares and Indian auto parts makers: strong results support interest, while rising input costs pressure margins.

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