Company demonstrates robust financial performance with highest ever annual revenue and EBITDA, improved margins and accelerated inorganic growth strategy
Key Consolidated Financial Highlights are as follows:
Particulars (Rs. Crs) | Q4FY25 | Q4FY24 | Y-o-Y | FY25 | FY24 | Y-o-Y |
Revenue | 1,133 | 757 | 50% | 3,637 | 2,822 | 29% |
EBITDA | 166 | 110 | 51% | 516 | 413 | 25% |
Margin (%) | 14.6% | 14.5% | 14.2% | 14.6% | ||
PBT | 108 | 62 | 74% | 308 | 227 | 36% |
Margin (%) | 9.5% | 8.2% | 8.5% | 8.0% | ||
PAT before Minority Interest | 80 | 51 | 55% | 229 | 167 | 37% |
Margin (%) | 7.0% | 6.8% | 6.3% | 5.9% | ||
EPS | 8.57 | 6.49 | 26.08 | 19.10 |
Bengaluru, May 30, 2025 – Lumax Auto Technologies Limited (NSE: LUMAXTECH, BSE: 532796), a leading automotive component manufacturer, today announced its audited financial results for the fourth quarter and full year ended March 31, 2025, showcasing strong operational performance and strategic expansion through inorganic growth initiatives. The company recorded its highest-ever annual revenue and EBITDA, and surpassed the ₹1,000 crore mark in quarterly revenue for the first time.
Consolidated Financial Highlights for FY25:
- Revenue Growth: Consolidated revenue from operations surged to ₹3,637 crores in FY25, representing a significant 29% increase from ₹2,822 crores in FY24
- Enhanced Profitability: Consolidated profit after tax jumped 37% to ₹229 crores compared to ₹167 crores in the previous year
- Strong Q4 Performance: Q4 FY25 consolidated revenue reached ₹1,133 crores, marking a 50% year-on-year growth from ₹757 crores in Q4 FY24
The company’s improved financial metrics reflect enhanced operational efficiency and successful execution of its growth strategy. The consolidated earnings per share increased to ₹26.08 for FY25 from ₹19.10 in the previous year, demonstrating strong value creation for shareholders.
On a standalone basis, the company also maintained its growth trajectory. Revenue from OEM customers grew by 7% in Q4 FY25 and 13% for the full year, while the aftermarket segment achieved its first-ever double-digit annual growth, increasing by 10% quarter-on-quarter, reflecting strong customer traction and product acceptance.
Management Commentary: Commenting on the performance, Anmol Jain, Managing Director, Lumax Auto Technologies Limited said, “We are pleased to deliver another year of strong financial performance, with our consolidated revenue crossing ₹3,600 crores and achieving robust profit growth of 37%. Our strategic focus on inorganic growth through targeted acquisitions, including our entry into alternative fuels and the consolidation of our IAC India operations, positions us well for the evolving automotive landscape. The improved EBITDA margins reflect our operational excellence and the synergies we are realizing from our expanded portfolio. As we move forward, we remain committed to leveraging both organic and inorganic growth levers to create sustainable value for all stakeholders.”
Strategic Inorganic Growth Initiatives: Lumax Auto Technologies has accelerated its inorganic growth strategy through strategic acquisitions and partnerships. During the financial year, the company invested ₹48 crores in Optionally Convertible Redeemable Debentures in its wholly-owned subsidiary Lumax Resources Private Limited, which subsequently acquired a 60% controlling stake in Greenfuel Energy Solutions Private Limited for ₹153 crores, marking the company’s strategic entry into the alternative fuels business.
Post the year-end, the Board approved the acquisition of the remaining 25% stake in IAC International Automotive India Private Limited for ₹221 crores, making it a wholly-owned subsidiary and strengthening the company’s market position in automotive components. IAC India has recently inaugurated two state-of-the-art manufacturing facilities at Chakan, Pune, for the BEV models of Mahindra & Mahindra – BE6 & XEV9e.
Diversification and Future-Ready Investments: The company has also approved an investment of up to ₹0.51 crores in AMPIN C&I Private Limited’s subsidiary to qualify as a captive user for solar energy across its three Maharashtra plants, demonstrating its commitment to sustainable manufacturing practices.
Additionally, the Board has approved the incorporation of two new wholly-owned subsidiaries – “Lumax Auto Solutions Private Limited” and “Lumax Autocomp Private Limited” – to address emerging growth opportunities in the automotive sector.
Dividend Declaration: The Board of Directors has recommended a final dividend of ₹5.50 per equity share (275% of face value) for FY25, subject to shareholder approval at the 44th Annual General Meeting scheduled for August 25, 2025.
Outlook: With a robust balance sheet, strategic acquisitions, and expanding product portfolio, Lumax Auto Technologies is well-positioned to capitalize on the growing automotive market and emerging mobility solutions.
Operational Highlights —Q4 & FY25:
Segment Mix (% of Revenue) | ||||
Particulars | Q4FY25 | Q4FY24 | FY25 | FY24 |
Passenger Vehicles | 59% | 49% | 53% | 48% |
2/3 Wheelers | 17% | 24% | 22% | 24% |
Aftermarket | 10% | 14% | 11% | 14% |
Commercial Vehicles | 8% | 9% | 8% | 9% |
Others | 6% | 4% | 6% | 5% |
Business Mix (% of Revenue) | ||||
Particulars | Q4FY25 | Q4FY24 | FY25 | FY24 |
Advance Plastics | 55% | 54% | 56% | 57% |
Structures & Control Systems | 16% | 23% | 20% | 23% |
Aftermarket | 10% | 14% | 11% | 14% |
Mechatronics | 4% | 3% | 3% | 2% |
Alternate fuels | 8% | – | 3% | – |
Others | 7% | 6% | 7% | 4% |
New Launches made during the quarter:
Category | Customer Name | Model | Product |
4-Wheeler | M&M | Thar Roxx
BE6 XEV 9E |
Cockpit Assembly
|
HCIL | Amaze | Gear Shifter (AT & MT)
Shark fin Antena |
|
MSIL | Swift | Counter Box & Receptacle Assembly |