Laxmi Cotspin Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
LAXMICOT · price
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On the reaction day the stock moved 4.0 pts less than Nifty Microcap 250 and 4.1 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Laxmi Cotspin reported FY25 standalone revenue from operations of Rs 150.42 crore, up about 4.4% from Rs 144.02 crore last year, but the core business came under heavy pressure. Operating profit before finance cost and exceptional items swung to a loss of Rs 33.81 lakh versus a profit of Rs 371.96 lakh in FY24, as total expenses grew faster than revenue and finance costs jumped 42% to Rs 457.76 lakh. Loss before tax from ordinary activities widened sharply to Rs 491.57 lakh. The company reported a net profit of Rs 48.14 lakh for the year (versus a loss of Rs 28.27 lakh earlier), but this was entirely driven by a one-time gain of Rs 526.73 lakh from the sale of machinery and land (partly sold to its wholly-owned subsidiary). Operating cash flow improved to Rs 209.13 lakh from a negative Rs 838.09 lakh last year, helped by working capital changes and asset sale proceeds. The board also approved a postal ballot notice for further sale of machinery.
The headline turnaround in net profit is misleading — it is almost fully propped up by one-time asset sale gains, while the underlying cotton business swung to an operating loss. Shareholders should focus on the deterioration in core margins and rising finance costs; further asset sales (via the postal ballot) could mean more non-recurring boosts but signal that the company is monetising fixed assets to support earnings.