𝐋𝐔𝐌𝐀𝐗 𝐀𝐔𝐓𝐎 𝐓𝐄𝐂𝐇 𝐐𝟐𝐅𝐘𝟐𝟔 𝐂𝐎𝐍 𝐂𝐀𝐋𝐋

Q2 FY26:
•Revenue ₹1,156 cr (+37% YoY, record high)
•EBITDA ₹170 cr (14.7%)
•PAT ₹78 cr (+50% YoY)
•Boost from retro price corrections.

H1 FY26:
•Revenue ₹2,183 cr (+37% YoY)
•EBITDA ₹306 cr (14%)
•PAT ₹132 cr (+41% YoY)

Balance Sheet:
•Cash ₹391 cr; Debt ₹606 cr; D/E 0.57
•FY26 capex ₹200–220 cr
•Ratings: A1+ / AA- (Positive)

Guidance:
•FY26 revenue growth raised to 25%
•EBITDA margin 14–15%
•Aftermarket +15–20% in H2
•Greenfuel FY26: ₹350–400 cr

Business Performance:
•Advanced Plastics: strong +25% YoY
•Mechatronics: hyper-growth +165% YoY
•Greenfuel: ₹170 cr H1; strong OB
•Aftermarket: double-digit momentum

Order Book:
•₹1,357 cr (7%/35%/48%/10% phasing)
•Strong traction: Maruti, M&M, HMSI; Tata talks on

IAC:
•H1 ₹694 cr (+40% YoY), margin 17.5%
•FY26: ~₹1,450 cr expected
•Merger with LATL to improve synergies

Strategic Moves:
•SHIFT Tech Center → electronics/software push
•China Resource Center → sourcing + tech scouting
•Mega Mechatronics Plant commissioning by Mar/Apr 2026

Risks:
•Tooling volatility
•OEM pricing pressure
•Component constraints (FAE sensors)
•Greenfuel seasonality