Lancor Holdings Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
LANCORHOL · price
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Lancor Holdings, a Chennai-based real estate developer, announced its unaudited financial results for the quarter ended June 30, 2025. On a consolidated basis, revenue from operations rose to ₹4,119.30 lakhs from ₹3,535.21 lakhs in the same quarter last year (up about 16.5%), but profit after tax crashed to just ₹11.59 lakhs from ₹290.07 lakhs — a roughly 96% drop. Standalone numbers told a similar story: revenue grew ~12% to ₹3,943.01 lakhs, while PAT fell to ₹38.17 lakhs from ₹290.38 lakhs. The sharp profit decline reflects lumpy project-based revenue recognition, a sharp rise in finance costs (to ~₹540 lakhs from ~₹425 lakhs) and weak operating leverage. The statutory auditor included an Emphasis of Matter flagging pending litigation over a commercial property classified as an investment property with a carrying value of ₹2,816.11 lakhs. The board also fixed September 16, 2025 as the record date for the FY25 final dividend, called the 40th AGM for September 23, 2025, and appointed M/s. A. Mohan Kumar & Associates as secretarial auditor for a 5-year term.
Topline growth was decent but the dramatic profit collapse underlines how uneven real estate earnings can be quarter-to-quarter. Investors should keep an eye on the auditor's flagged litigation involving a ~₹2,816 lakh property, as an adverse outcome could materially affect book value. The dividend record date signals an upcoming final dividend payout for shareholders of record.