Board fixed Book Closure
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lakshmi Electrical Control Systems reported FY2026 revenue of Rs.237.6 crore, up 11.9% from Rs.212.3 crore in FY2025. However, profit after tax dropped sharply to Rs.1.19 crore from Rs.3.47 crore, a 65.8% decline. EPS fell from Rs.14.12 to Rs.4.83. The Plastics segment doubled its losses to Rs.2.72 crore (vs Rs.0.95 crore loss), significantly impacting overall profitability. The Board recommended a 30% dividend (Rs.3 per share) and announced a change in statutory auditors — NRD Associates replacing Subbachar & Srinivasan after 10 years. Book closure is from July 25-31, 2026 with record date July 24, 2026. The audit report was issued with an unmodified (clean) opinion, and net worth stands at Rs.156.05 crore.
Revenue growth is modest but profit collapsed due to cost pressures and plastic segment losses. Despite clean audit opinion and dividend declaration, the 65% PAT decline and segment underperformance signal operational stress. Shareholders may see pressure on near-term stock performance.