What was Lumax Industries's revenue in Q3 FY26?

Lumax Industries reported revenue of ₹1,053 Cr in Q3 FY26, a +18.7% change year-over-year.

Did Lumax Industries management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Lumax Industries Q3 FY26 Research Workspace: Revenue ₹1,053 Cr (+18.7%)

Q: What guidance did Lumax Industries management give?

FY27 revenue growth of 20%+: Management expects revenue growth of 20%+ in FY27, driven by new product launches and industry growth.

Revenue ₹1,053 Cr +18.7%

EBITDA ₹112 Cr +57.3%

PAT ₹47 Cr +39%

EBITDA Margin 10.6% +260bps

Duration 49 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Lumax Industries reported its best-ever quarterly performance in Q3 FY26, with revenue of ₹1,053 crore (up 18.7% YoY) and EBITDA margin expanding 260 bps YoY to 10.6%. The strong results were driven by robust manufacturing revenue growth of 35.8% YoY, operating leverage, and an exceptional tooling profitability of ~₹10 crore. LED lighting now contributes 61% of revenue (vs 52% last year), and the order book stands at ₹1,759 crore, with 81% LED-based. Management guided for 20%+ revenue growth in FY27 and progressive margin expansion toward 12% over two years. Capex for FY26 was revised up to ₹350-400 crore due to preloading for the Bangalore plant. Key risk: sustainability of double-digit margins given cyclical tooling income and potential forex volatility.

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Risk Intelligence

Sustainability of double-digit margins

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Quarter Snapshot

LED revenue share 61%

+9pp YoY

LED lighting contributed 61% of Q3 revenue vs 52% in Q3 last year.

Order book ₹1,759 crore

Not disclosed

Order book stands at ₹1,759 crore, with 81% LED-based and 60% to be produced in FY27.

Manufacturing revenue growth ₹1,014 crore

+35.8% YoY

Manufacturing business revenue grew 35.8% YoY to ₹1,014 crore in Q3.

Tooling profitability (extraordinary) ₹10 crore

Not applicable

Exceptional tooling profit of ~₹10 crore in Q3 vs normal ~₹5 crore per quarter.

Fast read

Guidance and risk preview

Top guidance FY27 revenue growth of 20%+

Management expects revenue growth of 20%+ in FY27, driven by new product launches and industry growth.

Top risk Sustainability of double-digit margins

Q3 margins benefited from exceptional tooling profitability (~₹10 crore); normalized margins may be lower.