Transcript of Analysts/Investor Earning Conference Call - Q1 2026 -27

LIL:CS:REG30:2026-27 Date:18.08.2026 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, Mumbai - 4001 Bandra Kurla Complex, Bandra (E), Mumbai - 400051 Security Code : 517206 Company Symbol: LUMAXIND Sub: Transcript of Analysts/Investor Earnings Conference Call- Q1 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, August 11, 2026 at 11:00 A.M. (IST) to discuss the operational and financial performance of the Company for the 1st Quarter ended June 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. A8709 Encl: As stated above “Lumax Industries Limited Q1 FY 27 Earnings Conference Call” August 11, 2026 MANAGEMENT: • Mr. Deepak Jain – Chairman and Managing Director • Mr. Anmol Jain – Joint Managing Director • Mr. Sanjay Mehta – Group Chief Financial Officer • Mr. Ravi Teltia – Chief Financial Officer • Mr. Naval Khanna – Corporate Head, Taxation • Ms. Surabhi Chandna – Group Head of Investor Relations and Value Creation Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY 27 Earnings Conference Call of Lumax Industries Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions at the end of today's presentation. Should you need assistance during this conference, please signal an operator by pressing “*” then “0” on your touch-tone phone. Please note that this conference is being recorded. Before we begin, a brief disclaimer. This conference call may contain forward-looking statements about the Company, which are based on beliefs, opinions and expectations of the Company as of 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. I would now like to hand the conference over to Mr. Deepak Jain, Chairman and Managing Director of Lumax Industries Limited. Thank you, and over to you, sir. Page 1 of 17 Lumax Industries Limited August 11, 2026 Deepak Jain: A very good morning, everyone. I hope everyone is doing well. Along with me, there is on this call today, Mr. Anmol Jain, the Joint Managing Director of the Company; Mr. Sanjay Mehta, Group Chief Financial Officer; Mr. Ravi Teltia, the CFO of the Company; Mr. Naval Khanna, the Corporate Head of Taxation; and Ms. Surabhi Chandna, the Group Head of Investor Relations and Value Creation, along with the Investor Relations Advisor, SGA. We have updated our financial results and earnings presentation on the stock exchange and the Company's website. I hope everybody has had an opportunity to go through the same. The economic environment during the Q1 FY 27 was influenced significantly by the ongoing crisis in West Asia. Its effects were felt across multiple parts of the Indian economy from high crude oil prices to disruptions in shipping and freight movement to periods of rupee volatility. Despite these headwinds, FY 27 began on a strong note for the Indian automotive industry with demand remaining resilient across vehicle segments. Cost and availability pressures on key imported inputs did not meaningfully disrupt production for the Indian automotive sector through the quarter, a testament to the underlying strength of the domestic demand and supply chain discipline across the ecosystem. According to SIAM (Society of Indian Automobile Manufacturers), during the first quarter, overall, the Indian auto industry production stood at 93.5 lakh units, up 22% year-on-year (y-o- y). The Passenger Vehicle (PV) production grew by 17% y-o-y to 14.5 lakh units, driven by sustained demand for utility vehicles, premiumization trends and continued new model launches. The 2-Wheeler production increased by 23% to 72.5 lakh units, supported by improving rural demand and easier retail financing. The 3-Wheeler production recorded the strongest growth of 39%, reaching 3.5 lakh units, led by healthy replacement demand, growth in last mile mobility and improving urban transportation activity. The Commercial Vehicle (CV) production also remained robust, growing 15% to 3 lakh units, supported by continued infrastructure spending, construction activity and healthy freight movement. The strong production growth across all segments underscores the resilience of the Indian automotive industry. The lower GST (Goods and Services Tax) rates, improved financing availability, resilient customer confidence and continued export momentum supported demand during the quarter. OEMs (Original Equipment Manufacturers) have adopted a calibrated approach towards passing the cost increases to customers, encouraged by strong order visibility and a favourable midterm outlook, several OEMs have also announced capacity expansion plans across vehicle segments. This not only reinforces the confidence in the long-term growth trajectory of the industry, but also creates significant opportunities for auto component manufacturers like us, to deepen our partnerships, expand product offerings and increase content per vehicle through technology-led and value-added solutions. Speaking on automotive lighting, the nature of the customer demand is evolving. OEMs in India are seeking increasingly advanced lighting solutions while maintaining a sharp emphasis on cost efficiency and local value creation. The key priorities we hear from them today include evolving Page 2 of 17 Lumax Industries Limited August 11, 2026 safety compliance, improved energy efficiency, stronger styling differentiation, deep integration with ADAS (Advanced Driver Assistance Systems) and vehicle software and faster development cycles. While cost competitiveness remains important, the conversation has evolved beyond being purely cost driven. At Lumax, we're responding to this shift with a dual-track approach, where program requirements demand rapid to time market or aggressive cost targets, we actively collaborate with leading standard module suppliers. Simultaneously, we are investing in the development of proprietary Lumax standard lighting modules, which are engineered specifically for the Indian market requirements, validated for local operating conditions and manufactured in India. This approach will enable us to balance global technology benchmarks with localization, cost competitiveness and long-term value creation for OEM partners. Now coming to key updates for the Company during the quarter. Our consolidated revenue stood at INR 1,223 crore, marking a healthy 32.6% year-on-year (y-o-y) growth. EBITDA for the quarter came in at INR 113 crore, up 34% y-o-y and EBITDA margins of 9.2%. During the quarter, we have won orders for multiple products from one of the key 2-wheeler OEMs. The order book stands at around INR 2,500 crore with LED (Light Emitting Diode) lighting composition of approximately 90%. The key launches during the quarter have been in the Passenger Vehicle segment, the Tata Motors Tiago where we are supplying head lamps and the Volkswagen Taigun, where we are supplying the rear lamps. In the 2-Wheeler segment, we have also won an order from Suzuki Motors for Burgman Street for supplying front turning signal lamps. And in Commercial Vehicles, we have won orders from Force Motors to supply head lamps for Traveller 2. Q1 brought recognition from industry bodies and sustainable certifiers across dimensions [Showing first 8,000 characters — download PDF for full document]