Analysts/Institutional Investor Meet/Con. Call Updates

LIL:CS:BM:2026-27 Date: November 03, 2026 BSE Limited National Stock Exchange of India Limited Listing & Compliance Department Listing & Compliance Department Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G, Dalal Street, Bandra Kurla Complex, Mumbai - 400001 Bandra (E), Mumbai-400051 Security Code: 517206 Symbol: LUMAXIND Sub: Transcript of Analysts/Investor Earnings Conference Call- Q2 2026-27. Dear Sir/Ma'am, Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable Regulations, please find enclosed herewith the Transcript of Analysts/Investor Earnings Conference Call for all Investor/General Public which was held on Tuesday, October 27, 2026 at 11:00 A.M. (IST) to discuss the operational and financial performance of the Company for the 2nd Quarter and Half Year ended September 30, 2026. The transcript is also available on the website of the Company at https://www.lumaxworld.in/lumaxindustries/transcript.html You are requested to take the same on record and oblige. Thanking you, Yours faithfully, For Lumax Industries Limited Raajesh Kumar Gupta Executive Director & Company Secretary ICSI M.No. ACS-8709 Encl: As stated above “Lumax Industries Limited Q2 & H1 FY 27 Earnings Conference Call” October 27, 2026 MANAGEMENT: • Mr. Deepak Jain – Chairman • Mr. Anmol Jain – Managing Director • Mr. Sanjay Mehta – Group Chief Financial Officer • Mr. Raju Ketkale – Chief Executive Officer • Mr. Ravi Teltia – Chief Financial Officer • Mr. Naval Khanna – Corporate Head, Taxation • Ms. Surabhi Chandna – Group Head of Investor Relations & Value Creation Moderator: Ladies and gentlemen, good day, and welcome to the Q2 and H1 FY 27 Earnings Conference Call of Lumax Industries Limited. This conference call may contain forward-looking statements about the Company, which are based on the beliefs, opinions and expectations of the Company as on the date of this call. These statements are not the guarantees of future performance and may involve risks and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing “*” then “0” on your touch- tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Deepak Jain, Chairman. Thank you, and over to you, sir. Page 1 of 16 Lumax Industries Limited October 27, 2026 Deepak Jain: Thank you. A very good morning to everyone. I hope everyone is doing well. Along with me on this call, I have Mr. Anmol Jain, the Managing Director of the Company; Mr. Sanjay Mehta, the Group Chief Financial Officer; Mr. Raju Ketkale, the Chief Executive Officer of the Company; Mr. Ravi Teltia, the CFO of the Company; Mr. Naval Khanna, the Corporate Head, Taxation; and Ms. Surabhi Chandna, the Group Head of Investor Relations and Value Creation, along with the Investor Relations Advisors, SGA. We have updated our financial results and earnings presentation on stock exchanges and the Company's website, and I hope everybody has had an opportunity to go through the same. The global economy continues to face a very challenging environment with the conflict in the Middle East keeping markets uncertain. It has inflated energy and commodity prices, strained shipping lanes and supply chains and raised logistics costs for businesses adding to inflation and weighing down on global growth. How long the conflict lasts and how it affects energy supplies and global trade will shape the outlook from here. India has not been insulated from these developments with high energy costs feeding into prices. That said, the domestic economy has stayed resilient, supported by a healthy consumption, sustained public investments in infrastructure and steady private investment activity. Despite the external uncertainty, the strength of domestic demand gives us confidence in India's growth trajectory. Turning to the automotive industry. The sector sustained its growth momentum in Q2 FY 27. This was supported by better affordability after GST (Goods and Services Tax) 2.0, resilient demand in both rural and urban markets, strong freight activity, infrastructure-led growth and a gradual pickup in the replacement cycle. However, on the cost side, crude-linked polymer prices, freight, rupee depreciation remains a key monitorable, putting the industry margins under pressure. SIAM (Society of Indian Automobile Manufacturers) production data for Q2 FY 27 shows year- on-year (y-o-y) growth across every vehicle segment, partly helped by a low base in the previous year. Overall, the Indian auto production stood at 106 lakh units, up 19% y-o-y. Passenger Vehicle (PV) production rose 25% y-o-y to about 17 lakh units, aided by better affordability after GST 2.0 and multiple new model launches. The 2-Wheeler production rose 17% to around 81 lakh units, led by scooters, and the 3-Wheeler production was up 25% at about 4.5 lakh units with electric 3-Wheelers and last-mile mobility needs driving the growth. The Commercial Vehicle (CV) production also rose 34% to around 3.5 lakh units on the back of infrastructure spending and strong freight movement. For H2 FY 27, we expect the growth rates to ease as the industry moves beyond the low base of the first half, and the GST rate cuts are fully reflected in the demand. How this festive season demand plays out will be a key indicator of whether the current momentum holds or not. Now coming to the key updates for the Company during the quarter. The Q2 FY 27 revenue stood at INR 1,342 crore, up 33% y-o-y and 10% quarter-on-quarter (q-o-q), outpacing broader industry trends. For H1 FY 27, the revenue stood at INR 2,565 crore, up 33% y-o-y. Page 2 of 16 Lumax Industries Limited October 27, 2026 This growth was driven by new program launches, sustained growth with our leading OEM (Original Equipment Manufacturer) customers and a rapid scale-up with smaller customers and a rising share of LED (Light Emitting Diode) lighting, which has reached 63% of revenue in H1 FY 27, up 200 bps (basis points) y-o-y. Our order book is at INR 2,580 crore, and LED lighting accounts for approximately 80% of the order book, while EV (Electric Vehicle) program accounts for approximately 11%. By segment, the passenger car vehicles account for 63% and the 2/3-Wheelers for 37%. The key launches during the quarter were in the Passenger Vehicle segment, the Tata Motors Aeris, where we are supplying the tail lamps, both for high and base versions, and Mahindra & Mahindra Thar Refresh, where we are supplying the headlamp, fog lamp and the cornering lamps and also the side repeater lamp. We're also now gaining share of business with OEMs such as TVS, Suzuki 2-Wheelers, Yamaha Motors as well as Toyota, which is an important step in our customer base expansion. During the quarter, we have received the following recognitions, Launch Excellence Award at the Tata Motors Passenger Vehicle Annual Supplier Conference. For the Chakan II plant, we have the CII (Confederation of Indian Industry) National Award for the Best Environment practices. And for Bengaluru plant, we have the UBS Forums Award for best practices in sustainability. To conclude, in the near term, we remain watchful of the geopolitical developments and energy prices, which could further put pressure on input costs and weigh on margins. We continue to work with our customers on cost recovery while staying focused on cost discipline and operational efficiency. Beyond these near-term challenges, the long-term story remains intact. Rising LED and advanced lighting content per vehicle, the OEM capacity additions and a robust order book gives us confidence in sustaining growth ahead of the industry. I would now like to hand over the call to our CFO, Mr. [Showing first 8,000 characters — download PDF for full document]