Laxmi Cotspin Limited has informed the Exchange regarding Board meeting held on August 07, 2025.
LAXMICOT · price
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Laxmi Cotspin Limited's board met on August 7, 2025 and approved unaudited Q1 FY26 (quarter ended June 30, 2025) standalone and consolidated results with an unqualified limited review report from auditors DMKH & Co. Revenue from operations jumped to ₹5,059.34 lakhs from ₹3,040.53 lakhs in Q1 FY25, a growth of roughly 66% year-on-year. The company swung back to a net profit of ₹130.48 lakhs versus a loss of ₹348.70 lakhs in the corresponding quarter last year, with EPS at ₹0.68 vs ₹(2.06). Two new Independent Directors were appointed for five-year terms while two existing Independent Directors resigned citing pre-occupation, leading to committee reconstitution. The board also approved diversification into garments and bleached cotton, and replacement of old spinning units with new machinery as part of a modernization push, including a partial sale of plant and machinery.
Strong top-line growth and a return to profitability are positive for shareholders and may support the stock in the near term. The board changes and asset-rationalization moves are routine but the diversification into garments signals an attempt to move up the value chain beyond cotton yarn, which should be tracked for execution over coming quarters.