Lumax Industries earnings calls.

Lumax Industries delivered a strong Q1 FY27 with consolidated revenue of INR 1,223 croreCurrent reported value: INR 1,223 crore. No comparable prior figure is available in the source record. (+32.6Current reported value: 32.6. No comparable prior figure is available in the source record.% YoY), driven by robust manufacturing business growth of 36.8% to INR 1,160 crore. EBITDA stood at INR 113Current reported value: 113. No comparable prior figure is available in the source record. crore with margins of 9.2Current reported value: 9.2. No comparable prior figure is available in the source record.% (flat YoY) despite approximately 120-130 bps net commodity impact. PAT grew 41.2Current reported value: 41.2. No comparable prior figure is available in the source record.% to INR 51Current reported value: 51. No comparable prior figure is available in the source record. crore with margin expansion of 30 bps to 4.2%. The company won orders worth INR 2,500 croreCurrent INR 2,500 crore. Reported change: New wins. with ~90%Current 90%. Reported change: Premium products. LED composition. Key customer wins include Tata Motors Tiago (headlamps) and Volkswagen Tiago (rear lamps). Bengaluru plant expansion for Maruti and Toyota models on track for Q4 FY27. Management raised FY27 capex guidance to INR 200-250 crore (from INR 100-150 crore) and targets full-year EBITDA margins of 10.5-11%. The order book visibility supports management's 15-20% revenue growth target, with FY31 revenue aspiration of INR 9,000+ crore from current base of INR 4,500-5,000 crore. Key risk: commodity price volatility not yet fully recovered through OEM price amendments, and increasing competition intensity as new technologies emerge.