Laxmi India Finance Limited has informed the Exchange regarding Appointment of Mr. Yogesh Garg as the Vice President- HR, forming part of Senior Management Personnel of the company w.e.f. May 13, 2026.
LAXMIINDIA · price
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Laxmi India Finance Limited announced the appointment of Mr. Yogesh Garg as Vice President - HR, joining the Senior Management Personnel effective May 13, 2026. The Board also approved audited financial results for Q4 and FY2026 ending March 31, 2026. Total income stood at ₹31,959.01 lakhs, up 29% from ₹24,803.77 lakhs in FY2025. Profit after tax increased to ₹4,975.74 lakhs from ₹3,600.44 lakhs, with EPS at ₹10.20. The company approved a limit of ₹400 crores for issuance of Non-Convertible Debentures on private placement basis. Key metrics show a debt equity ratio of 2.88, net profit margin of 15.54%, and CRAR of 26.12%.
The appointment of a new VP-HR at this NBFC is routine and unlikely to impact the stock. The strong financial performance with nearly 38% growth in PAT and improved asset quality (Gross Stage-3 at 2.13%) should be positive for investors.