Lumino Industries Limited · NSE:LUMINO
Lumino Industries — H1 FY27 Earnings Presentation
32 slides from Lumino Industries's earnings presentation, Nov 4, 2026
Slide 1: Exchange filing cover letter for investor presentation
LIL/2026-27/17 Dated: 04.11.2026 The Secretary The Manager BSE Limited National Stock Exchange of India Limited New Trading Wing Exchange Plaza, C-1, Block “G” Rotunda Building 5th floor, Bandra Kurla Complex PJ Tower, Dalal Street Bandra East Mumbai- 400001 Mumbai- 400051 Scrip Code: 544894 SYMBOL:
Slide 2: Q2 and H1 FY27 Earnings Presentation
Lumino Industries Limited (BSE: 544894 | NSE: LUMINO) Q2 and H1 FY27 Earnings Presentation November 2026
Slide 3: Connecting India's Transmission and Distribution Network
Connecting India’s Transmission and Distribution Network Generation Transmission Distribution Conductors Conductors Wires Substation Substation Substation 765/400 kV 400/220 kV 220/132 kV Below 11 kV Business Customer Power Generation 11 kV Substation Distribution • Thermal 132/66/33/11 kV • Solar •
Slide 4: Investment Case (1/2)
Investment Case (1/2) 1. Established Presence in the Transmission and Distribution Industry H1 FY27 Revenue (Rs 1,183 Cr) • Over three decades of experience in developing conductors, power cables, electrical wires and specialised products • One of the few manufacturers of high-temperature low-sag (“
Slide 5: Investment Case (2/2)
Investment Case (2/2) 4. EPC Capabilities Across Multiple Power Infrastructure Business Lines • Operations across five lines: EHV Substations, Power T&D, HTLS Re-Conductoring, Solar Power and Water Management • Project execution presence across ten states in India • Successfully executed 1st interna
Slide 6: Leadership Commentary
Leadership Commentary H1 FY27 Mr. Devendra Goel Managing Director Revenue Rs. 1,183 Cr (+25% YoY) “The leadership team at Lumino Industries is pleased to announce yet another successful set of results for Q2 and H1 FY27. During the second quarter of year, Revenue from Operations was Rs. 661 crore, r
Slide 7: Q2 FY27 Consolidated Financial Highlights
Q2 FY27 Consolidated Financial Highlights Rs. Cr Revenue from Operations EBITDA and Margin PAT and Margin 12.4% 13.6% 12.8% 6.8% 7.6% 7.9% 30% 34% 51% 84 53 661 71 40 63 35 521 509 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Margin Note: EBITDA excludes Other Income 6
Slide 8: H1 FY27 Consolidated Financial Highlights
H1 FY27 Consolidated Financial Highlights Rs. Cr Revenue from Operations EBITDA and Margin PAT and Margin 12.2% 13.1% 6.8% 7.8% 25% 34% 42% 155 93 1,183 946 116 66 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 Margin Note: EBITDA excludes Other Income 7
Slide 9: Q2 FY27 Business Financial Highlights
Q2 FY27 Business Financial Highlights Rs. Cr Manufacturing EPC Revenue from Operations EBITDA and Margin Revenue from Operations EBITDA and Margin 11.6% 13.3% 12.7% 13.7% 14.3% 12.9% +39% +52% +13% +6% 201 460 26 58 178 24 49 21 150 371 39 331 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26
Slide 10: H1 FY27 Business Financial Highlights
H1 FY27 Business Financial Highlights Rs. Cr Manufacturing EPC Revenue from Operations EBITDA and Margin Revenue from Operations EBITDA and Margin 11.7% 13.0% 13.6% 13.5% 22% 35% 32% 31% 831 47 108 352 679 36 79 267 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 Note: EBITDA exclude
Slide 11: Order Book Development
Order Book Development Manufacturing Order Book (Rs. Cr) EPC Order Book (Rs. Cr) 1,203 1,158 1,090 1,992 1,963 922 1,346 738 FY24 FY25 FY26 H1 FY27 FY24 FY25 FY26 H1 FY27 Manufacturing Order Book (Days) EPC Order Book (Days) 476 1,176 319 297 1,082 202 1,015 1,019 FY24 FY25 FY26 H1 FY27 FY24 FY25 FY
Slide 12: Capital Structure and Working Capital
Capital Structure and Working Capital (Rs Cr) FY25 FY26 H1 FY27 ROCE (%) Long Term Borrowings 10 28 1 31.9% Short Term Borrowings 408 356 127 25.8% Total Borrowings 419 384 128 24.2% 22.2% Less: Cash and Cash Equivalents 78 92 185 Less: Current Investments 32 20 71 Net Debt / (Cash) 308 272 (128) To
Slide 13: Working Capital Cycle
Working Capital Cycle Working Capital (Rs Cr) Working Capital (Days) 436 83 427 73 408 66 FY25 FY26 H1 FY27 FY25 FY26 H1 FY27 Inventory (Days) Receivables (Days) Payables (Days) 65 160 55 46 137 49 123 19 32 106 84 80 FY25 FY26 H1 FY27 FY25 FY26 H1 FY27 FY25 FY26 H1 FY27 Acceptance Days Trade Payabl
Slide 14: Product Portfolio
Product Portfolio Aluminium Conductors Power Cables Thermal Resistant Aluminium LV XLPE/PVC Insulated LV XLPE/PVC Insulated Power Cables Control Cables LV Aerial Bunch Cable Concentric Cables Railway Signaling Cable All Aluminium Alloy Conductor Conductor Steel Reinforced Reinforced (ACAR) (TACSR an
Slide 15: Product Manufacturing Platform
Product Manufacturing Platform Strategically located with easy access to ports, railways and highways, facilitating Indian and international operations Total FY27 Capacity of 50,000 MT across 3 Units Current Facilities New Facility Total Facility Area 2,64,208 Sq. ft 6,50,000 Sq. ft 9,14,208 Sq. ft
Slide 16: Jangalpur Facilities
Jangalpur Facilities Manufacturing Highlights Integrated manufacturing setup from aluminium ingot to finished cables and conductors, including an in-house rolling mill ISO and 5S certified manufacturing facilities with 4 warehouses covering an Cable Insulation Cable Laying Testing Labrotory area of
Slide 17: Unit III, Ranihati Expansion Plan
Unit III, Ranihati Expansion Plan Rs 180 Cr Expansion Plan to Address High Growth Markets Highlights 15 Acres 35,000 MT 2,50,000 Sq. ft. Wide product portfolio including Concentric Cable, Quad Cable, Control Cables, HT Cables, MVCC, Solar Cables, Instrumentation Cables and Land Area Total Capacity C
Slide 18: EPC Service Portfolio
EPC Service Portfolio Integrated EPC Capabilities Across Five Areas of Expertise EHV Substation Power T&D HTLS Re-Conductoring • Design, supply, erection, testing and • Turnkey execution for power distribution • End-to-end High Temperature Low Sag (HTLS) commissioning of 220/132/33 kV AIS/GIS projec
Slide 19: Recent EPC Projects Across India
Recent EPC Projects Across India Key Completed Projects Q2 FY27 EPC Order Book: Rs. 1,963 Cr Key Ongoing Projects Kanpur (Uttar Pradesh) Baramulla (Jammu & Kashmir) Revamped Distribution Revamped Distribution Sector Scheme Baramulla Sector Scheme (RDSS) (RDSS) Value Value Rs. 694 Cr Rs. 209 Cr Purul
Slide 20: Industry: Favourable Demand and Investment Outlook
Industry: Favourable Demand and Investment Outlook India’s per capita electricity consumption remains below the global average Government initiatives support infrastructure and manufacturing growth Kwh/Person 12,553 National Infrastructure Pipeline (NIP) Launched in 2019, the NIP projects have incre
Slide 21: Industry: Cables and Conductors Overview
Industry: Cables and Conductors Overview Wires and Cables Market Outlook Conductors Market Outlook Market Size (Rs. billion) Market Size (Rs. billion) 400 – 460 CAGR: 13%-14% 2,980 – 3,120 CAGR: 12%-15% 1,618 227 787 102 FY20 FY26 FY31E FY20 FY26 FY31E Industry Trends Wires and Cables Export Outlook
Slide 22: Board of Directors
Board of Directors Purushottam Dass Goel Devendra Goel Jay Goel Chairperson & Non-Executive Managing Director Whole Time Director Director With over 50 years of experience in the power A Commerce graduate from the University of A Management graduate from Bentley and energy sector, under his leadersh
Slide 23: Management Team
Management Team Devendra Goel Managing Director A Commerce graduate from the University of Calcutta, he has been associated with Lumino since 2005. He oversees the Company’s marketing, finance and administrative functions, with a focus on operational efficiency, internal systems and business develop
Slide 24: Awards and Certifications
Awards and Certifications Award for Runner-up in “Manufacturing the “Most Promising Excellence by MSME Vendor- Best Conductors & Manufacturer of Federation of conductor Cables” by West Conductors, Small & Medium category by Bengal Manufacturing Cables & EPC Industries, West PGCIL1, 2018 Leadership A
Slide 25: From ESG Foundation to Measurable Performance
From ESG Foundation to Measurable Performance Governance, data and disclosure base is established. Next phase converts it into indicators that can be held to Foundation Embed Measure and Improve Established in FY 25-26 Current area of focus Direction of travel • Strengthen the ESG data quality and •
Slide 26: Q2 and H1 FY27 Income Statement
Q2 and H1 FY27 Income Statement Q2 Y-o-Y Q1 Q-o-Q H1 H1 Y-o-Y (Rs. Cr) FY27 FY26 Growth(%) FY27 Growth(%) FY27 FY26 Growth(%) Revenue from Operations 661 509 30% 521 27% 1,183 946 25% Other Income 8 6 28% 5 45% 13 17 (20)% Total Income 669 515 30% 527 27% 1,196 963 24% Cost of Material Consumed 349
Slide 27: H1 FY27 Balance Sheet
H1 FY27 Balance Sheet Assets (Rs Cr) FY25 FY26 H1 FY27 Equity and Liabilities (Rs Cr) FY25 FY26 H1 FY27 Property, Plant and Equipment 59 65 65 Shareholder's Equity 570 730 1,298 Capital Work-in-Progress 11 48 117 Borrowings 10 28 1 Right of Use Assets 16 14 17 Lease Liabilities 17 15 17 Investments
Slide 28: H1 FY27 Cash Flow Statement
H1 FY27 Cash Flow Statement (Rs Cr) FY25 FY26 H1 FY27 Cash Flow from Operating Activities Profit before Tax 169 205 124 Operating Profit before Working Capital Changes 243 264 157 Changes in Working Capital (438) (33) (73) Cash generated from/(used in) Operations (194) 231 84 Direct Tax paid (Net) (
Slide 29: Financial Track Record
Financial Track Record Rs. Cr Revenue from Operations EBITDA and Margin PAT and Margin 10.3% 11.6% 12.4% 6.1% 6.4% 7.7% +20.4% +32.0% +35.9% 253 2,041 160 1,918 223 125 1,407 145 87 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 Manufacturing EPC Revenue from Operations EBITDA and Margin Revenue from
Slide 30: Historical Financials: Income Statement
Historical Financials: Income Statement (Rs. Cr) FY24 FY25 FY26 Revenue from Operations 1,407 1,918 2,041 Other Income 17 29 48 Total Income 1,425 1,947 2,089 Cost of Material Consumed 771 1,052 1,143 Changes in Inventories of Finished Goods, Stock In Trade and Work In Progress (44) (90) (36) Erecti
Slide 31: Historical Financials: Income Statement
Historical Financials: Income Statement (Rs. Cr) FY24 FY25 FY26 Revenue from Operations 1,407 1,918 2,041 Other Income 17 29 48 Total Income 1,425 1,947 2,089 Cost of Material Consumed 771 1,052 1,143 Changes in Inventories of Finished Goods, Stock In Trade and Work In Progress (44) (90) (36) Erecti
Slide 32: Disclaimer
Disclaimer This presentation is prepared solely for information purposes and does not constitute an offer, recommendation, or invitation to purchase or subscribe for any securities. This presentation and the accompanying slides (the "Presentation"), which have been prepared by Lumino Industries Limi