Laxmi Goldorna House Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
LGHL · price
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Laxmi Goldorna House Limited reported FY2026 revenue of Rs 10,431.26 lakh, up ~18.5% from Rs 8,807.56 lakh in FY2025. However, profit after tax collapsed to Rs 438.81 lakh from Rs 1,057.58 lakh — a steep 58.5% decline — as expenses surged, with cost of materials rising to Rs 12,588.64 lakh (vs Rs 10,127.36 lakh) and finance costs jumping to Rs 1,092.73 lakh. EPS dropped to Rs 0.88 per share from Rs 5.07. The company disclosed a fraud by former CFO Mr. Jaykumar Patel involving Rs 87.20 lakh, which has been written off. Operating cash flow turned deeply negative at Rs -2,326.65 lakh versus a positive Rs 734.96 lakh in the prior year. The Board also approved an application for direct listing on BSE. Auditors issued an unmodified opinion with an Emphasis of Matter on the fraud.
Sharp profit decline despite revenue growth signals serious operational stress. Deeply negative operating cash flow raises going concern risks, and the CFO fraud write-off adds governance concerns. The stock could face selling pressure.