Intimation of Re-appointment of Internal Auditors of the Company
LUXIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lux Industries reported audited standalone FY26 revenue of Rs. 2,923.55 crore, up 13.9% from Rs. 2,565.69 crore in FY25. However, net profit dropped significantly to Rs. 101.45 crore from Rs. 166.09 crore, a decline of about 38.9%. Consolidated net profit was Rs. 106.07 crore vs Rs. 164.54 crore. The Board recommended a final dividend of Rs. 2 per share (100% on face value Rs. 2), with promoters waiving their entitlement. Statutory auditors issued an unmodified (clean) opinion. Exceptional items of Rs. 6.11 crore included Rs. 2.76 crore for new labour codes implementation and Rs. 3.35 crore from West Bengal tax dispute settlement. The company also received in-principle approval for a proposed demerger scheme splitting Verticals A and C into separate wholly-owned subsidiaries while keeping Vertical B in the parent.
Significant profit decline despite revenue growth signals margin compression. Shareholders should note the dividend (promoters waived) and the upcoming corporate restructuring. The clean audit opinion removes going concern concerns.