Laxmi Organic Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Laxmi Organic Industries reported standalone revenue of ₹28,085.32 million for FY2026, a decline of about 4.6% from ₹29,446.06 million in the previous year. Profit after tax dropped significantly to ₹792.58 million from ₹1,180.21 million in FY2025, a decline of approximately 33%. The company changed its depreciation method from written down value to straight-line basis, which increased reported profit by ₹129.24 million for the year. Other significant items include reversal of electricity provisions of ₹407.27 million and new labour code impact of ₹38.02 million. Non-current borrowings increased substantially to ₹4,931.58 million from ₹425 million, likely for capex. Operating cash flow remained positive at ₹1,725.56 million. The auditor gave an unmodified (clean) opinion.
The stock may face pressure due to revenue decline and significantly lower profitability. However, the accounting policy change in depreciation inflated profits, and the actual operational decline is steeper than headline numbers suggest. Increased debt for capex may raise concerns about leverage.