Outcome of Board Meeting held on Wednesday, August 13, 2025
LAXMIINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Laxmi India Finance, a Middle Layer NBFC based in Jaipur, reported strong Q1 FY26 results with total revenue from operations rising 37% year-on-year to ₹6,967.86 lakhs (vs ₹5,083.52 lakhs in Q1 FY25). Profit after tax grew 47.5% to ₹977.50 lakhs (vs ₹662.69 lakhs), translating to EPS of ₹2.34 (vs ₹1.67). Net profit margin improved to 13.77% from 12.91%. The company also completed its IPO on August 5, 2025, and acquired the retail business of another company as a going concern for ₹5,169.35 lakhs, resulting in a bargain purchase gain of ₹75.06 lakhs. Statutory auditors S.C. Bapna & Associates issued an unmodified (clean) review opinion. Asset cover on listed NCDs stands at 1.10x, fully compliant with covenants, and CRAR is healthy at 20.28%.
Strong double-digit growth in both revenue and profit, combined with a clean audit opinion and stable asset quality (Gross Stage-3 at 1.28%), signals healthy fundamentals for the newly listed stock. The recent IPO completion and acquisition may provide additional growth runway, though investors should monitor integration of the acquired business.