Enclosed herewith financial results for the quarter ended June 30, 2025
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La Tim Metal & Industries reported a strong turnaround in Q1 FY26 (quarter ended June 30, 2025), swinging from a loss of Rs. 574.02 lakhs in the same quarter last year to a profit after tax of Rs. 202.64 lakhs. Consolidated revenue from its Steel & Steel Products segment grew to Rs. 8,757.83 lakhs from Rs. 7,552.64 lakhs in Q1 FY25, while segment results swung to a profit of Rs. 202.64 lakhs from Rs. 162.07 lakhs a year ago. The company recently incorporated a new subsidiary, La Tim Buildarch LLP, with a 75% stake (capital contribution of Rs. 7.5 lakhs), which had not yet started operations. A rights issue of 4.41 crore equity shares at Rs. 5 per share was completed earlier, with proceeds being used as per the stated objects. Auditors Dhirubhai Shah & Co LLP issued an unqualified limited review report on both standalone and consolidated results.
A sharp return to profitability after last year's loss is a positive signal for shareholders, though the company notes the quarter is not representative of full-year performance. The new subsidiary adds a real estate angle but is not yet contributing to earnings.