Outcome of Board Meeting held on Wednesday, August 13, 2025
LAXMIINDIA · price
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Laxmi India Finance Limited's board approved its unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with a Limited Review Report carrying an unmodified (clean) opinion from statutory auditors S.C. Bapna & Associates. Total revenue from operations rose to Rs. 6,967.86 lakhs from Rs. 5,083.52 lakhs in Q1 FY25, a growth of about 37% year-on-year, driven by interest income of Rs. 6,709.78 lakhs. Profit after tax grew approximately 47% to Rs. 977.50 lakhs (from Rs. 662.69 lakhs), with EPS at Rs. 2.34 versus Rs. 1.64. The company also reported acquisitions of a retail business as a going concern for Rs. 5,169.35 lakhs, resulting in a Rs. 75.06 lakh gain on bargain purchase transferred to capital reserve. The board additionally approved disclosures on NCD proceeds utilization (no deviation reported), security cover for listed non-convertible debentures (asset cover of 1.10x maintained), UPSI fair disclosure code, and authorization of KMPs. The company recently listed on BSE and NSE on August 5, 2025, following its IPO.
Positive for shareholders: strong double-digit growth in both revenue (~37%) and profit (~47%) on a YoY basis signals healthy business momentum right after the company's stock market listing. The clean auditor opinion, stable capital adequacy (CRAR of 20.28%), and modest gross Stage-3 assets at 1.28% suggest financial health, though the debt-equity ratio remains high at 4.13x, typical for NBFCs.