Lumax Auto Technologies Reports 29% Revenue Growth, Crosses ₹3,600 Crore Mark in FY25

Lumax Auto Technologies Reports 29% Revenue Growth, Crosses ₹3,600 Crore Mark in FY25

Lumax Auto Technologies Limited reported consolidated revenue of ₹3,637 crores for FY25, marking a 29% increase from the previous year’s ₹2,822 crores, while profit after tax rose 37% to ₹229 crores. The automotive component manufacturer announced these audited financial results on May 29, 2025, demonstrating strong performance across operational metrics and strategic expansion initiatives.

The Gurugram-based company achieved its highest-ever annual revenue and EBITDA, with fourth-quarter revenue reaching ₹1,133 crores, representing 50% year-on-year growth from ₹757 crores in Q4 FY24. This marked the first time the company surpassed the ₹1,000 crore mark in quarterly revenue.

Consolidated EBITDA increased 25% to ₹516 crores in FY25 from ₹413 crores in the previous year, with margins improving to 14.2% from 14.6%. The company’s profit before tax grew 36% to ₹308 crores, while earnings per share increased to ₹26.08 from ₹19.10 in FY24.

The company’s revenue composition showed passenger vehicles accounting for 53% of FY25 revenue, up from 48% in the previous year, while two and three-wheelers contributed 22%. The aftermarket segment achieved double-digit annual growth of 10% quarter-on-quarter, marking its first such performance.

Lumax Auto Technologies accelerated its inorganic growth strategy through strategic acquisitions during the financial year. The company invested ₹48 crores 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, establishing the company’s entry into alternative fuels business.

Post-year-end, the Board approved acquiring the remaining 25% stake in IAC International Automotive India Private Limited for ₹221 crores, making it a wholly-owned subsidiary. IAC India recently inaugurated two manufacturing facilities at Chakan, Pune, for Mahindra & Mahindra’s BEV models BE6 and XEV9e.

“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%,” said Anmol Jain, Managing Director. “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 company launched new products during the quarter, including cockpit assemblies for Mahindra’s Thar Roxx, BE6, and XEV 9E models, gear shifters and shark fin antennas for Honda City iVtec Amaze, and counter box assemblies for Maruti Suzuki Swift.

The Board recommended a final dividend of ₹5.50 per equity share for FY25, subject to shareholder approval at the Annual General Meeting scheduled for August 25, 2025. The company also approved incorporating two new wholly-owned subsidiaries, Lumax Auto Solutions Private Limited and Lumax Autocomp Private Limited, to address emerging automotive sector opportunities.

Lumax Auto Technologies operates 30 manufacturing plants across India and serves key customers including Mahindra & Mahindra, Bajaj Auto, Maruti Suzuki, Honda Motorcycles and Scooters, Tata Motors, Daimler India, and Volkswagen.

This article first appeared on Autocar

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