Unaudited Financial Results for the quarter ended 30.06.2025 alongwith Limited Review Report.
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Lakshmi Mills reported Q1FY26 (quarter ended 30 June 2025) unaaudited results, with total revenue from operations at Rs.5,507.03 lakhs, down about 14.8% from Rs.6,463.47 lakhs in the same quarter last year. The company posted a loss before tax of Rs.(100.33) lakhs versus Rs.(186.48) lakhs in Q1FY25, an improvement, while net loss narrowed to roughly Rs.(88.62) lakhs from Rs.(153.26) lakhs a year ago. The Textiles segment continued to lose money, while the Rental Services segment remained profitable and acted as a cushion. The quarter carried a large Other Comprehensive Income of Rs.4,166.01 lakhs from gains on equity investments held as FVOCI, and also a deferred tax expense of Rs.1,983.89 lakhs due to the switch to the new income tax regime and write-off of old deferred tax assets. Auditors Subbachar & Srinivasan issued a clean (unqualified) limited review report, and the Board appointed Smt Priya Bhansali, a Chartered Accountant with 37 years of experience, as an Additional Independent Director for a 5-year term.
Topline continues to shrink year-on-year and the company remains loss-making at the operating level, though losses are narrowing. Shareholders should note the sizeable one-time fair-value gain on investments boosted overall comprehensive income, and the new tax regime shift has triggered a large deferred tax charge, while a new Independent Director brings tax and assurance expertise to the Board.