Lasa Supergenerics Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Lasa Supergenerics reported a massive revenue decline to Rs 3,913.77 Lakhs for FY26 from Rs 14,244.81 Lakhs in FY25, a drop of about 73%. The company posted a net loss of Rs 3,409.03 Lakhs compared to a loss of Rs 1,475.73 Lakhs in the previous year. A fire incident on May 18, 2025 destroyed the main manufacturing facility at Lote Parshuram, and since the assets were uninsured, the company recognized exceptional items including inventory loss of Rs 1,273.62 Lakhs and PPE loss of Rs 700 Lakhs. The auditors issued a Qualified Opinion citing incomplete assessment of tangible asset impairment (Rs 7 crore provisional recognized) and failure to assess intangible assets worth Rs 1,667.05 Lakhs. Management has indicated inability to commence manufacturing due to pending statutory clearances and labor disputes, though they claim going concern is not in doubt. GST demand notices of Rs 3,810.93 Lakhs are being contested as contingent liabilities.
The stock faces extreme risk due to factory destruction, uninsured losses, qualified audit opinion, and deepening losses. The auditors disagree with management's going concern assessment and the full financial impact of the fire remains unquantified, creating significant uncertainty for shareholders.