Lumax Auto Technologies (LUMAXTECH) Q3 24/25 earnings summary

Executive summary

• Achieved highest-ever quarterly revenue at INR 906 crores (₹90,559.87 lakhs) in Q3 FY2025, up 24% year-over-year, with nine-month revenue at INR 2,504 crores (₹2,50,378.56 lakhs), up 21% year-over-year.

• Record EBITDA of INR 127 crores with 14% margin in Q3 FY2025, driven by strong OEM partnerships and subsidiary performance.

• Integrated Greenfuel Energy Solutions in November 2024, expanding into alternate fuels and clean mobility.

• Multiple awards received for innovation, quality, and supplier excellence from major OEMs.

Financial highlights

• Q3 consolidated revenue: INR 906 crores (up 24% YoY); nine-month revenue: INR 2,504 crores (up 21% YoY).

• Q3 EBITDA: INR 127 crores (up 9% YoY); Q3 EBITDA margin: 14%; nine-month EBITDA: INR 350 crores (up 15% YoY); margin: 14%.

• Q3 PAT before minority interest: INR 56 crores (up 17% YoY); nine-month PAT before MI: INR 150 crores (up 29% YoY); PAT margin for Q3 at 6.2%.

• Greenfuel contributed INR 23 crores revenue and INR 4 crores EBITDA in Q3 and nine months.

• CapEx outlay for nine months: INR 83 crores.

Outlook and guidance

• FY2025 revenue expected to grow 20%-25%, targeting consolidated revenue near INR 3,500 crores.

• FY2026 revenue growth guidance: 15%-20%; EBITDA margin expected at 14.5%-15%.

• Order book of INR 1,350 crores, with 90% new business; 30% to mature in FY2026, 40% in FY2027, 30% in FY2028.

• Focus on innovation, strategic growth, and sustainability to drive long-term stakeholder value.

• Expecting ramp-up in new customer additions and product launches, especially in lighting and alternate fuels.