Lumax Auto Tech. Q1 FY27 Earnings Call — Analysis (NSE: LUMAXTECH)

Lumax Auto Tech kicks off FY27 with 33% revenue growth and 190bps margin expansion; Mechatronics and Greenfuel order book build confidence in 20% CAGR target.

· Analysis by Alpha Inflection

Result quality: strong — Margin expansion. Management sentiment: neutral.

The take

Q1FY27 Revenue ₹1,364 Cr ( +33% YoY ) .

Results

Q1FY27 revenue ₹1,364 Cr +33% YoY; EBITDA ₹205 Cr +51% YoY, margin 15.1% (+190 bps); PAT ₹99 Cr +83% YoY.

Financial highlights

Lumax Auto Tech. Q1 FY27 reported figures
MetricValueChangeBasis
Revenue₹1,364 Cr+33%yoy · Q1FY27
EBITDA₹205 Cr+51%yoy · Q1FY27
EBITDA Margin15.1%+190 bpsyoy · Q1FY27
PAT₹99 Cr+83%yoy · Q1FY27
Order Book₹1,600 Crpoint_in_time · Q1FY27 · as of Jun-26
Q1 Capex₹23 Crnone · Q1FY27
FY27 Capex Guidance₹300 Crnone · FY27
Net Free Cash Reserves₹415 Crpoint_in_time · Q1FY27 · as of Jun-26

Guidance

FY27 capex maintained at ₹300 Cr; management expects to sustain Q1 margin (~15%) for rest of year and aims for Mechatronics revenue of ₹400 Cr this year and ₹1,000 Cr by FY31.

Key themes

Mechatronics ramp-up and margin resilience

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