Lokesh Machines Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
LOKESHMACH · price
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Awaiting price reaction for this filing.
Lokesh Machines reported Q3 FY26 revenue of Rs 50.73 crore, roughly flat versus Rs 51.79 crore in Q3 FY25, with a net profit of Rs 0.63 crore compared to a loss of Rs 4.10 crore in the year-ago quarter. For the nine-month period, revenue fell about 21% YoY to Rs 149.21 crore from Rs 189.63 crore, but net profit jumped over four-fold to Rs 1.71 crore from Rs 0.41 crore, driven mainly by a sharp swing in the Machinery division which saw PBIT rise to Rs 6.59 crore from Rs 0.17 crore, while the Components division shrank sharply. The statutory auditor Brahmayya & Co issued an unmodified limited review report with an emphasis of matter on the company's name featuring on the US Treasury OFAC sanctions list since October 30, 2024, which restricts it from doing any foreign currency transactions. Management said it has engaged a US-based law firm to seek removal from the list and is awaiting outcome. No exceptional items were reported and finance costs remained elevated at Rs 4.75 crore for the quarter.
Profit recovery YoY is a positive signal, but the ongoing OFAC sanctions overhang and a sharp revenue decline in the Components segment are key risks for shareholders. Watch for resolution of the US sanctions issue and any pickup in foreign-currency business, which could be a meaningful re-rating trigger.