Lexus Granito (India) Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
LEXUS · price
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Lexus Granito reported audited results for Q4 and FY26 ended March 31, 2026. Revenue from operations declined to ₹6,187.56 Lakhs from ₹7,525.03 Lakhs in FY25 (approx 18% decline). However, the company turned profitable with PBT of ₹90.04 Lakhs and PAT of ₹90.04 Lakhs compared to a loss of ₹547.08 Lakhs in the previous year. Finance costs stood at ₹403.62 Lakhs while depreciation was ₹426.32 Lakhs. The company also issued 3,00,000 equity shares via conversion of warrants at ₹45.20 per share, receiving ₹1,017 Lakhs (75% of consideration) during Q4. The statement of deviations confirms no deviation in use of funds from the preferential warrant issue. The statutory auditor issued an Unmodified Opinion, and a new internal auditor (Savjani & Associates) was appointed for FY27.
The company has returned to profitability after a significant loss in FY25, though revenue decline remains a concern. Negative equity of ₹254.96 Lakhs (improved from ₹1,582.78 Lakhs) still raises going concern considerations. The clean audit opinion is positive for investor confidence.