Lakshmi Finance & Industrial Corporation Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Lakshmi Finance & Industrial Corporation reported a net loss of Rs.71.46 lakhs for FY2026, a dramatic turnaround from a net profit of Rs.357.98 lakhs in FY2025. Total revenue from operations declined to Rs.701.67 lakhs from Rs.769.36 lakhs in the previous year, representing approximately 9% revenue decline. The company reported a loss before tax of Rs.125.04 lakhs compared to profit of Rs.243.25 lakhs in FY2025. Basic EPS stood at Rs.-2.38 versus Rs.11.93 in the prior year. The Board recommended a dividend of Rs.2.50 per share (25%). The company appointed a new CFO and Internal Auditor, and appointed an Independent Director as non-executive Chairman. The auditors issued an unmodified opinion with no going concern issues.
The company has swung from profit to loss due to reduced revenue and fair value losses on investments. Shareholders may face uncertainty given the significant deterioration in financial performance. The clean audit opinion provides some comfort on financial reporting integrity.