Lumax Auto Technologies (LUMAXTECH) Q4 24/25 earnings summary

Executive summary

• FY 2025 consolidated revenue reached INR 3,637 crores, up 29% year-over-year, with Q4 revenue surpassing INR 1,000 crores for the first time.

• EBITDA hit a record INR 516 crores, up 25% year-over-year, with a margin of 14.2%.

• PAT before minority interest was INR 229 crores, up 37% year-over-year, and EPS for FY25 stood at INR 26.08.

• Major strategic moves included the acquisition of Greenfuel Energy Solutions and full ownership of IAC India, enhancing presence in alternate fuels and key revenue divisions.

• Aftermarket and standalone OEM businesses showed double-digit and strong single-digit growth, respectively.

Financial highlights

• Q4 FY 2025 revenue grew 50% year-over-year to INR 1,133 crores; full-year revenue up 29% to INR 3,637 crores.

• Q4 EBITDA margin at 14.6% (INR 166 crores), full-year EBITDA margin at 14.2% (INR 516 crores).

• PAT before minority interest at INR 229 crores, up 37% year-over-year; PAT margin for FY25 at 6.3%.

• CapEx for FY 2025 was INR 177 crores, including INR 30 crores for land acquisition.

• Dividend declared at INR 5.50 per share (275% of face value), subject to shareholder approval.

Outlook and guidance

• Targeting minimum 20% revenue CAGR through FY31, aiming for INR 11,000 crores revenue.

• Vision for 20% EBITDA margin and 20%+ ROCE in the mid-term plan (FY26–FY31), with focus on clean/future mobility and digital innovation.

• FY 2026 CapEx planned at INR 175-200 crores, similar to FY 2025, to support growth and potential land bank expansion.

• Greenfuel expected to contribute INR 300-350 crores in FY 2026 revenue.

• No new inorganic steps planned for FY 2026; focus remains on organic growth and full-year consolidation of recent acquisitions.