Please find enclosed herewith the following documents: 1. Independent Auditors Report for the year ended 31.03.2026. 2. Audited Financial Results for the quarter / year ended 31.03.2026. The ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lakshmi Mills Company reported a net loss of Rs. 1,554.94 lakhs for FY2026, compared to a net loss of Rs. 2,035.55 lakhs in FY2025, showing a narrowing of losses. Total revenue declined to Rs. 24,541.72 lakhs from Rs. 26,953.50 lakhs in the previous year, representing approximately 9% revenue decline. The Textiles segment reported a loss while Rental Services contributed profits. A significant deferred tax expense of Rs. 2,119.53 lakhs was recorded due to adoption of the new tax regime under Section 115BAA. An exceptional item of Rs. 23.53 lakhs was recognized related to past period employee benefit liability from new labour codes. The Board recommended a dividend of Rs. 10 per equity share (10%). Statutory auditors issued an unqualified/clean opinion on the financial results.
Despite narrowing losses, the company remains in a loss-making position with declining revenues, which may concern shareholders. The clean audit opinion with no going concern issues provides some comfort. Dividend recommendation indicates some cash availability.