Lumax Auto Technologies Declares Q1 FY27 Un-audited Results
Lumax Auto Technologies Ltd announced its un-audited standalone and consolidated financial results for the first quarter ended June 30, 2026. The Board of Directors approved these results, which were recommended by the Audit Committee. The company also approved the issuance of a corporate guarantee/letter of comfort/PDCs up to ₹8 Crores for Lumax FAE Technologies Private Limited and the establishment of a new manufacturing plant for its Intelligent Ambient Comfort (IAC) Division in Chakan, Maharashtra, with a capital outlay of ₹156.23 Crores. This new plant will cater to orders from Mahindra & Mahindra and is expected to achieve a peak annualized turnover of ₹440 Crores post-commissioning, with phased commissioning by Q4 FY2027 and Q1 FY2028.
Key Highlights
- Company declared Q1 FY27 un-audited standalone and consolidated financial results.
- Approved corporate guarantee of up to ₹8 Crores for subsidiary Lumax FAE Technologies.
- New manufacturing plant for IAC Division approved in Chakan, Maharashtra.
- New plant has a capital outlay of ₹156.23 Crores and targets ₹440 Crores turnover.
- Plant commissioning expected in phases by Q4 FY2027 and Q1 FY2028.
Price Impact
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