Q1 FY27 PAT jumps 125% YoY; revenue up 82%, auditor changes mid-year
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Lorenzini Apparels Q1 FY27 unaudited revenue from operations rose 81.6% YoY to Rs 1,669.17 lakh from Rs 919.08 lakh. PAT climbed 124.9% to Rs 216.77 lakh from Rs 96.40 lakh. EPS stood at Rs 0.13 vs Rs 0.06. Total income was Rs 1,874.23 lakh. Board approved results with unmodified auditor opinion. Statutory auditor Mittal and Associates resigned citing pre-occupation in other assignments; ADMS and Associates appointed to fill the casual vacancy, subject to shareholder approval.
Strong revenue and profit growth is a positive signal. Mid-year auditor change needs monitoring but reasons cited appear routine.