Outcome of Board meeting held on 29th May 2026 for approval of audited financial results
LOVABLE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lovable Lingerie reported FY26 revenue of Rs 4,217.21 Lacs, essentially flat compared to Rs 5,219.33 Lacs in FY25. However, profit after tax from continuing operations surged 347% to Rs 798.39 Lacs vs Rs 178.65 Lacs, driven by cost reductions - employee expenses dropped to Rs 1,260.09 Lacs from Rs 1,918.02 Lacs, and other expenses fell to Rs 1,122.32 Lacs from Rs 1,656.23 Lacs. The company reported a loss of Rs 463.61 Lacs from discontinued operations (vs nil in FY25), but net profit still grew 87% to Rs 334.78 Lacs. Borrowings reduced significantly by Rs 597.98 Lacs. Statutory auditors issued an unmodified (clean) opinion on the financial statements.
The stock may see positive reaction as PAT growth is exceptional, driven by aggressive cost-cutting measures. However, the discontinued operations loss and flat revenue warrant caution for long-term investors.