Le Merite Exports Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
LEMERITE · price
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Le Merite Exports reported FY2026 standalone revenue of ₹35,591.60 lakhs, down 26% from ₹48,378.29 lakhs in FY2025. Despite the revenue decline, profit after tax surged to ₹1,100.79 lakhs from ₹266.29 lakhs (313% growth). Consolidated PAT also grew 86% to ₹1,156.25 lakhs. The company adopted Ind AS from April 2024 with comparative figures restated. Auditors issued unmodified opinions on both standalone and consolidated results. During Q4, the company acquired the remaining 49% stake in Le Merite Laxmi Spinning Private Limited making it a wholly-owned subsidiary. The company disclosed that post-balance sheet date, market value of investments declined by approximately ₹12.50 crores.
Revenue decline of 26% is concerning for top-line growth, but the sharp improvement in profitability indicates better cost efficiency and potentially a shift to higher-margin operations. The equity warrant conversions and subsidiary acquisition suggest ongoing capital restructuring. Shareholders may view the results positively given the profit growth despite lower sales.