Q3 loss of Rs 1.47 cr; auditor flags qualified review with 6 concerns
LAXMICOT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.3 pts less than Nifty Microcap 250 and 4.8 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 Q3 FY26 revenue Rs 24.57 cr, down 40% YoY. Net loss Rs 1.47 cr vs profit Rs 27 lakh YoY. 9M net profit Rs 25 lakh vs loss Rs 6.99 cr. Auditor D M K H & Co issued a qualified review flagging 6 issues: poor inventory records, unauthorized Rs 5.51 cr loan to subsidiary Laxmi Spintex, stressed creditor advance with recovery risk, depreciation gaps, and unregistered land sale to subsidiary. Board revised executive director pay to nil for Jan-Mar 2026. A non-executive woman director resigned citing health reasons.
Qualified auditor opinion, weak Q3 results, and governance lapses raise earnings quality concerns. Expect stock volatility.