Q3 Result
Price
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Awaiting price reaction for this filing.
Lippi Systems Limited reported a profit after tax of ₹496.89 lakhs for Q3 FY26 (Dec 2025), a sharp swing from a loss of ₹15.34 lakhs in Q3 FY25, with EPS at ₹7.10. However, the entire profit is driven by 'Other Income' of ₹744.32 lakhs — revenue from operations is NIL for the quarter. The company disclosed that during Q3 FY26 it sold its entire factory land, building and other capital assets at its manufacturing premises, which explains the one-time gain. The wind farm segment continues to generate small revenue (~₹5 lakh/quarter) but runs at a loss of ~₹15 lakhs. Core manufacturing revenue has been zero for several quarters, meaning the operational business is effectively shut. Statutory auditor M/s Ashok Dhariwal & Co. gave an unmodified (clean) limited review opinion.
The headline profit is a one-time event from asset sale and is not sustainable — shareholders should treat this quarter as non-recurring. With the factory sold and zero operating revenue, the company's future earnings depend entirely on the loss-making wind farm and whatever it does with the sale proceeds, which raises questions about its going concern as a manufacturing entity.