Lorenzini Apparels Limited has informed the Exchange regarding Board meeting held on August 12, 2025 for the approval of financials fore the quater ended June 30, 2025
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Awaiting price reaction for this filing.
The Board of Lorenzini Apparels approved unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025) on August 12, 2025. Revenue from operations fell sharply to ₹919.08 lakh from ₹1,517.66 lakh in the same quarter last year, a decline of about 39%. Total income was ₹1,134.03 lakh vs ₹1,725.21 lakh, aided by other income of ₹214.95 lakh. Profit after tax dropped to ₹96.40 lakh from ₹185.77 lakh (down ~48%), translating to an EPS of ₹0.06 vs ₹0.12. Statutory auditor Mittal & Associates issued an unmodified (clean) limited review opinion but flagged an Emphasis of Matter regarding deployment of ₹446.28 lakh of unutilised proceeds from the earlier ₹2,100 lakh preferential issue, which is currently parked in the equity markets.
Sharp YoY decline in both revenue and profit is a negative signal for the stock, though the clean audit opinion and absence of a loss limit downside. Investors should watch whether the dip is one-off or part of a sustained slowdown, and track deployment of the pending preferential issue funds.