Positive impactResults
Lumax Auto Q2 results: Profit jumps 58%; new Manesar plant targets ₹500 crore turnover
CNBC-TV18 1 hr ago·24 Oct 2026, 1:23 pm
Lumax Auto Technologies has reported a strong performance for the second quarter of fiscal 2027, with its net profit increasing by nearly 58% compared to the same period last year. This growth was driven by a 34.5% rise in revenue, indicating that the company's core business operations are expanding effectively.
The company has also announced a strategic expansion plan to set up a new mechatronics manufacturing facility in Manesar, Haryana. This project involves an investment of ₹150 crore and is expected to generate a peak annual turnover of approximately ₹500 crore. This move is significant as it diversifies the company's manufacturing capabilities and targets a new segment of the automotive market.
For investors, the focus should now be on the execution of this new project and its ability to generate the projected returns. The company's ability to sustain this growth momentum in the coming quarters will be a key factor to watch.
Excerpt from CNBC-TV18
Published On Oct 24, 2026 | 18:53 IST Last Updated On Oct 24, 2026 | 18:53 IST Lumax Auto Technologies reported a 57.5% YoY rise in Q2 FY27 net profit to ₹105.5 crore and a 34.5% increase in revenue to ₹1,555.5 crore. The company plans to invest ₹150 crore in a new mechatronics manufacturing facility in Manesar,…Read the original at CNBC-TV18
Affected stocks
Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Lumax Auto Technologies (LUMAXTECH).
- Category: Results.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for Lumax Auto Technologies worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
