Laxmipati Engineering Works Limited has Informed the Exchange regarding outcome of Board Meeting and submitted Audited Standalone Financial results for the half year and year ended March 31, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Laxmipati Engineering Works Limited approved the audited standalone financial results for the year ended March 31, 2025 at its meeting held on May 27, 2025. Revenue from operations rose to Rs 5,009.29 lakhs in FY25 from Rs 4,024.94 lakhs in FY24, a growth of about 24.5%. The company swung back to profitability with a net profit (after tax) of about Rs 286 lakhs compared to a loss in the previous year. Shareholders' funds strengthened from Rs 207.33 lakhs to Rs 857.23 lakhs, though long-term borrowings remained elevated at Rs 3,958.80 lakhs. The statutory auditor RPR & Co. issued an unmodified (clean) opinion on the results. The company has two segments – Fabrication and Shipyard – but no activity was carried out in the Shipyard segment during the year.
Strong topline growth and a turnaround to profitability are positive for the stock. However, the high debt level relative to shareholder funds (D/E ratio appears well above 4x) is a concern that investors should track. The clean audit opinion adds credibility to the numbers.