Integrated filing
LASA · price
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Awaiting price reaction for this filing.
Lasa Supergenerics reported a net loss of ₹255.47 lakhs in Q3 FY26 (Oct–Dec 2025), compared to a profit of ₹549.39 lakhs in the same quarter last year. Revenue from operations collapsed to ₹219.93 lakhs from ₹3,307.99 lakhs year-on-year — a drop of over 93%. For the nine months ended December 2025, the company posted a cumulative net loss of ₹2,992.59 lakhs with EPS of ₹(5.97). The steep decline is attributed to a major fire on May 18, 2025 at the company's main manufacturing unit (Plot C-4) in Lote Parshuram, Ratnagiri, which destroyed uninsured inventories worth ₹1,273.62 lakhs and property/plant/equipment worth ₹700 lakhs, and brought all production to a halt. Management has flagged a going concern issue, stating it cannot restart manufacturing due to statutory and operational challenges, and is exploring contract manufacturing or leasing options. The statutory auditor, Gupta Rustagi & Co., issued a review report with observations on the fire, dormant bank accounts/fixed deposits, and a customer advance held under a 'Force Majeure Suspense' liability.
This is a highly negative filing for shareholders. The uninsured fire has effectively shut down the company's only production base, causing a near-total revenue collapse and mounting losses. With no insurance recovery, no clear restart timeline, and an explicit going concern flag from management, the stock is likely to face continued pressure and is a high-risk holding.