Lumax Auto Technologies Approves Q2 Results, Plans ₹150 Crore Capex
Lumax Auto Technologies reported its Q2 FY27 results. The company approved a ₹150 Crore capex for a new Mechatronics facility in Manesar. Additionally, a corporate guarantee of up to ₹15 Crores was approved for its subsidiary, Lumax Greenfuel Energy Solutions. The new facility aims for ₹500 Crore annualized turnover.
The announcement includes the approval of a substantial capital expenditure for a new manufacturing facility, which is a major strategic decision with long-term implications for the company's growth and market position. The financial results also provide key performance indicators for investors.
The company announced its financial results and a significant capital expenditure plan for a new manufacturing facility, indicating growth and expansion. The approval of a corporate guarantee for a subsidiary also shows support for its business operations.
Lumax Auto Technologies Limited announced its unaudited standalone and consolidated financial results for the second quarter and half-year ended September 30, 2026. The Board of Directors, in their meeting held on October 24, 2026, approved these results. The company also approved the issuance of a corporate guarantee for up to ₹15 Crores to secure loans for its subsidiary, Lumax Greenfuel Energy Solutions Private Limited.
A significant development is the decision to establish a new Mechatronics manufacturing facility in Manesar, Haryana, with a capital outlay of approximately ₹150 Crores. This facility will produce Electronic Components for leading OEMs and is expected to achieve an annualized turnover of around ₹500 Crores post-commissioning. The project will be funded through a mix of debt and internal accruals, with commissioning planned in two phases starting Q3 FY 2028.
The company also noted the relocation of one of its manufacturing facilities from Aurangabad to Chhatrapati Sambhajinagar, Maharashtra. The Board meeting commenced at 12:30 PM and concluded at 1:30 PM.
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Lumax Auto Technologies Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Lumax Auto Technologies Limited. Read the original for the full detail.