Reappointment of Internal Auditor
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lakshmi Electrical Control Systems reported annual revenue of Rs 237.58 crores for FY2026, up 11.9% from Rs 212.31 crores in FY2025. However, profit after tax fell sharply by 65.8% to Rs 1.19 crores from Rs 3.47 crores the previous year. EPS declined from Rs 14.12 to Rs 4.83. The company recommended a dividend of Rs 3 per share (30%), unchanged from last year. The Plastics segment reported a widened loss of Rs 2.72 crores versus Rs 95 lakh loss previously, while Electricals segment profit declined to Rs 3.45 crores from Rs 3.97 crores. Significant negative other comprehensive income of Rs 36 crore was recorded, primarily from mark-to-market losses on investments. Statutory auditors Subbachar & Srinivasan are being replaced by NRD Associates after completing two 5-year terms as required by law. The company maintains zero qualified borrowings and reported positive operating cash flow of Rs 3.69 crore.
Despite modest revenue growth, the sharp decline in profitability and negative comprehensive income are concerns. The Plastics division's widening losses need monitoring. The clean audit opinion and consistent dividend provide some comfort to shareholders.