Lumax auto technologies reported its Q4FY26 numbers, with revenue at Rs. 14,169 Mn (up by 25.07% YoY and 11.51% QoQ), above our estimate of Rs. 12,972 Mn. Gross profit stood at Rs. 5,082 Mn (up by 27.90% YoY and by 12.84% QoQ), above our estimate of Rs. 4,601 Mn. Gross margins expanded by 79 bps YoY and by 42 bps QoQ to 35.9%, above our estimate of 35.5%. EBITDA stood at Rs. 2,032 Mn (up by 29.74% YoY and 15.53% QoQ) above our estimate of Rs. 1,871 Mn, led by reduction in employees cost and other expenses. EBITDA margin increased by 50...