Lumino Industries Q1 Revenue Rises 19.3 Percent to INR 521 Crore

Lumino Industries has reported a 19.3 percent year-on-year increase in consolidated revenue from operations to INR  521 crore in Q1 FY27, while operating EBITDA rose 34.2 percent to INR 71 crore.

The company’s profit after tax increased 32.4 percent year-on-year to INR  40 crore during the quarter ended June 30, 2026. Operating EBITDA margin improved to 13.6 percent from 12.1 percent in Q1 FY26.

The manufacturing business recorded revenue of INR  371 crore, up 6.5 percent year-on-year, while its operating EBITDA rose 21.2 percent to INR 49 crore. The EPC business reported revenue of INR 150 crore, a 69.6 percent increase from INR 89 crore in the year-ago quarter. Its operating EBITDA rose 78.7 percent to INR 21 crore.

Lumino Industries’ order book stood at INR 3,059 crore as of June 30, 2026, comprising INR 1,046 crore from manufacturing and INR 2,013 crore from EPC. Order inflows during the quarter stood at INR 176 crore.

The company said key orders secured during the quarter included an EHV substation order from Haryana Vidyut Prasaran Nigam Ltd. .

Lumino Industries, which was listed on the stock exchanges on September 3, 2026, completed an IPO of INR 700 crore, including a fresh issue of INR  500 crore. The company said net proceeds from the fresh issue were mainly used for repayment of borrowings and capital expenditure for manufacturing facilities.

The company is developing a new manufacturing facility at Ranihati in Howrah, West Bengal, to add 35,000 MT of capacity in three phases. The first 10,000 MT is targeted to commence operations in the second half of FY27, followed by around 11,000 MT in Q3 FY28 and around 14,000 MT in Q1 FY29.

Once completed, the expansion is expected to increase Lumino Industries’ total installed capacity from 40,000 MT to 75,000 MT and add capability to manufacture HT power cables up to 66 kV.

Subsequent to the quarter, CRISIL Ratings upgraded the company’s long-term bank facilities rating from CRISIL A/Stable to CRISIL A+/Stable, while reaffirming its short-term bank facilities rating at CRISIL A1.

The company said that it will focus on increasing the contribution from specialised conductors and cables, including higher-voltage applications, while its EPC business will target opportunities in substations and HTLS reconductoring.