Outcome of Board Meeting Held on Wednesday, May 13, 2026.
LAXMIINDIA · price
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Laxmi India Finance Limited, an NBFC listed on BSE and NSE, held its board meeting on May 13, 2026. The board approved the audited financial results for FY2026 ending March 31, 2026, with a clean (unmodified) audit opinion from S.C. Bapna & Associates. The company reported total income of Rs 31,959.01 lakhs (up from Rs 24,803.77 lakhs in FY2025), with net profit after tax of Rs 4,975.74 lakhs and earnings per share of Rs 10.20. Total assets stood at Rs 1,81,777.96 lakhs with a net worth of Rs 46,468.58 lakhs. Key ratios include CRAR at 26.12%, Gross Stage-3 Assets at 2.13%, and Net Profit Margin at 15.54%. The board also approved a limit of Rs 400 crores for issuance of Non-Convertible Debentures on private placement basis (subject to shareholder approval), appointed V.M. & Associates as Secretarial Auditors for 5 years, and hired Mr. Yogesh Garg as Vice President - HR.
The company demonstrated strong financial growth with ~29% increase in total income year-on-year. The clean audit opinion and healthy asset quality metrics (Stage-3 assets below 3%) are positive indicators. The NCD issuance limit approval signals plans for additional borrowing to support lending growth, while the IPO proceeds (raised in August 2025) have been fully deployed as intended.