Lakshmi Finance & Industrial Corporation Limited has informed the Exchange regarding Board meeting held on August 11, 2025.
LFIC · price
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The board of Lakshmi Finance & Industrial Corporation approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Total revenue from operations stood at Rs. 546.41 lakhs, down about 19% from Rs. 675.94 lakhs in the same quarter last year, mainly due to lower gains on financial instruments and fair value changes. Net profit for the quarter came in at Rs. 374.46 lakhs (EPS Rs. 12.48), compared to Rs. 477.20 lakhs (EPS Rs. 15.91) in Q1 FY25, a drop of roughly 21%. Profit before tax was Rs. 500.20 lakhs. Other board decisions include scheduling the AGM for September 27, 2025, appointing Sri. Chalasani Ramaprasad as Additional Director, and re-appointing Sri. K Harishchandra Prasad as Managing Director from April 1, 2026. The auditor Brahmayya & Co. issued a clean limited review report with no qualifications.
Year-on-year, both revenue and profit have shrunk meaningfully, which may concern shareholders looking at core earnings momentum. However, the company remains profitable and the results show a sharp rebound from the Rs. 263.77 lakh loss reported in the previous quarter (Q4 FY25). No major negative flags from auditors.