Laxmi Cotspin Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
LAXMICOT · price
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Laxmi Cotspin has filed its unaudited Q1 FY26 results (quarter ended June 30, 2025). Standalone revenue from operations rose sharply to about Rs. 5,059 lakhs, up from around Rs. 2,246 lakhs in the year-ago quarter, more than doubling year-on-year. However, net profit dropped to about Rs. 130 lakhs from Rs. 747 lakhs a year earlier, weighed down by higher operating costs. The company booked an exceptional gain of about Rs. 186 lakhs from the partial sale of plant and machinery as part of an asset modernization drive. The board also approved diversification into garments and bleached cotton, and replacement of the old spinning unit with new machines. Two new independent directors were appointed, two independent directors resigned citing pre-occupation, and the Nomination & Remuneration Committee was reconstituted. The auditor's limited review report is clean (unmodified).
Top-line growth is strong, but the sharp fall in profit suggests margin pressure; the headline profit is also supported by a one-time asset sale, so underlying earnings look weaker. Diversification and modernization plans are positive for the long term but come with execution and capex risk in the near term. Net effect on shareholders is mixed.