1.Pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) regulations, 2015, we enclose herewith the Audited Financial results of the ....
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Ludlow Jute & Specialities Ltd reported strong audited financial results for FY2026 with revenue from operations growing 76.6% to Rs 53,185 lakhs from Rs 30,090 lakhs in FY2025. The company turned profitable with PAT of Rs 1,616 lakhs compared to a loss of Rs 1,057 lakhs in the previous year. EPS improved from negative Rs 9.79 to Rs 14.96 per share. The statutory auditors JKVS & Co issued an unmodified (clean) opinion on the financial statements. The board did not recommend any dividend for FY2026. Note 4 discloses a change in useful life of plant and machinery from 15 to 30 years, which reduced depreciation expense by Rs 178.88 lakhs for Q4 and Rs 392.62 lakhs for FY2026, increasing net profit after tax by Rs 133.86 lakhs and Rs 443.47 lakhs respectively.
The company has staged a remarkable recovery from losses to profits with strong revenue growth. However, shareholders receive no dividend and the significant increase in borrowings (total debt up from Rs 14,695 to Rs 21,352 lakhs) warrants monitoring. The accounting change in asset useful life inflated profits by approximately Rs 443 lakhs.