Lancor Holdings Limited has informed the Exchange about General Updates- Appointment of Cost Auditor and Internal Auditor for Financial year 2025-26
LANCORHOL · price
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Lancor Holdings' board, at its May 30, 2025 meeting, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified opinion from statutory auditor G.M. Kapadia & Co. Standalone revenue from operations rose to Rs. 18,453.20 lakhs (from Rs. 13,759.79 lakhs in FY24), while net profit grew to Rs. 920.01 lakhs (from Rs. 676.23 lakhs), with EPS of Rs. 1.27. Consolidated revenue climbed to Rs. 19,030.08 lakhs but net profit declined to Rs. 467.09 lakhs due to higher finance costs. The board appointed V G J & Co as Internal Auditors and B Y & Associates as Cost Auditors for FY 2025-26. It also recommended a final dividend of Rs. 0.20 per share (10%) for FY 2024-25, subject to shareholder approval. The auditor flagged ongoing litigation over the 'Menon Eternity' commercial property (carrying value Rs. 2,540.26 lakhs), now before the Supreme Court.
Strong standalone earnings growth (revenue up ~34%, net profit up ~36%) is positive for shareholders, though consolidated profit fell due to elevated finance costs. The Rs. 0.20 dividend signals modest cash returns. The pending Menon Eternity litigation remains a key risk to monitor as it involves a property worth over Rs. 25 crore on the balance sheet.