Lagnam Spintex Limited has informed the Exchange regarding Board meeting held on August 11, 2025.
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Awaiting price reaction for this filing.
Lagnam Spintex's board met on August 11, 2025 and approved the unaudited financial results for the quarter ended June 30, 2025 (Q1 FY26). Revenue from operations fell to Rs. 14,010 lacs from Rs. 15,997 lacs in the same quarter last year, a decline of about 12%. Despite the revenue dip, profit before tax rose to Rs. 274 lacs from Rs. 218 lacs (~26% growth), and net profit after tax increased to Rs. 197 lacs from Rs. 158 lacs (~25% growth). Basic EPS improved to Rs. 1.11 from Rs. 0.89 a year ago. The statutory auditors issued an unmodified limited review report with no qualifications. The trading window for insiders remains closed for 48 hours after the results declaration.
Mixed signals for shareholders — top-line shrank year-on-year, but profitability and margins improved, suggesting better cost management. The earnings beat on profit growth despite weaker revenue may support the stock in the short term, though the revenue decline warrants monitoring.