The Board of Directors in its meeting held today have approved and taken on records unaudited financial results for the quarter ended 30th June 2025. Said unaudited financial results ....
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Ludlow Jute & Specialities has announced its unaudited results for the quarter ended 30 June 2025. Revenue from operations dropped sharply to about ₹1,303 lakhs from roughly ₹7,458 lakhs in the same quarter last year, a steep year-on-year decline. Despite weak sales, the company swung to a net profit of ₹449 lakhs compared to a loss of ₹648 lakhs in Q1 FY25, helped by lower input costs and a change in the useful life of plant & machinery. The revision — extending the useful life of certain machinery from 13 years to 30 years — cut depreciation by ₹135.74 lakhs and lifted net profit by ₹101.58 lakhs for the quarter. Statutory auditors JKVS & Co. issued an unmodified (clean) limited review report, with no qualifications or modified opinions.
The profit turnaround looks positive on the surface but is materially aided by an accounting estimate change, while core sales have collapsed sharply, so investors should watch for volume recovery before reading this as a fundamental improvement. Expect near-term stock volatility and focus on management commentary on demand and pricing.