Lumax Auto Technologies Limited has submitted to the Exchange the Outcome of the Board Meeting held on Friday, Mav 29, 2026
LUMAXTECH · price
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Lumax Auto Technologies reported strong FY2026 results with standalone revenue of Rs 3,605 crore (up ~25.5% YoY) and PAT of Rs 207 crore (up ~20.5% YoY). Consolidated revenue stood at Rs 4,870 crore (up ~34% YoY) with PAT of Rs 337 crore (up ~47% YoY), driven by organic growth and benefits from two mergers — Lumax Ancillary Limited (effective April 2024) and IAC International Automotive India Private Limited (effective October 2025) — both accounted under Ind AS 103. Exceptional items of Rs 16.6 crore (standalone) included Rs 9.6 crore labour code impact and Rs 7 crore impairment on Lumax Japp Allied Technologies sale. The Board recommended a final dividend of Rs 5.50 per share (275%). Key corporate actions include acquiring the remaining 15.97% stake in Lumax FAE Technologies (making it a wholly-owned subsidiary), seeking shareholder approval for related party transactions with Lumax Industries Limited (up to Rs 500 crore loan/guarantee limit), and issuing a corporate guarantee of Rs 36 crore for Lumax Alps Alpine India. Statutory auditors Price Waterhouse Chartered Accountants LLP issued an Unmodified Opinion with an Emphasis of Matter on the two merger schemes. Mr. Deepak Jain was redesignated as Vice Chairman (Non-Executive).
Revenue and profit growth are robust, and the acquisitions strengthen the group's subsidiaries portfolio. The related party transaction approvals and large loan/guarantee limits warrant shareholder scrutiny. The auditor's unmodified opinion with an Emphasis of Matter (related to mergers and restatements) is standard and not a concern.