Cutoff date
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 237.58 crore, up 12% from Rs 212.31 crore in FY2025. However, profit after tax dropped significantly to Rs 1.19 crore from Rs 3.47 crore in the previous year - a 66% decline. The Plastics segment reported a widened loss of Rs 2.72 crore compared to Rs 0.95 crore loss last year, which significantly impacted overall profitability. The Board recommended a dividend of Rs 3 per share (30%). The company also announced a change in statutory auditors - M/s NRD Associates will replace M/s Subbachar & Srinivasan after their 10-year tenure (2 terms of 5 years each). Auditors issued an unmodified (clean) opinion on the financial statements.
The sharp decline in profitability despite modest revenue growth is concerning for shareholders. The widening loss in the Plastics segment needs monitoring. The unchanged dividend provides some investor comfort, though the overall financial performance has weakened significantly year-on-year.