Lux Industries Limited has informed the Exchange regarding Change in Auditors of the company.
LUXIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 2.9 pts less than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Lux Industries Limited reported audited financial results for Q4 and FY2026. Standalone revenue from operations grew to Rs. 2,923.55 crores (up from Rs. 2,565.69 crores), but net profit declined significantly to Rs. 101.45 crores compared to Rs. 166.09 crores in the previous year. Consolidated net profit was Rs. 106.07 crores versus Rs. 164.54 crores last year. The company recommended a final dividend of Rs. 2 per share (100%), with promoters waiving their right to receive it. Exceptional items included Rs. 2.76 crores for new labour code implementation and Rs. 3.35 crores from entry tax dispute settlement. A family settlement agreement was approved in-principle for a proposed demerger scheme splitting business verticals into separate wholly-owned subsidiaries. Internal auditors EY and Deloitte were re-appointed for the next term.
Despite revenue growth, profit declined substantially year-on-year, which may concern investors. The promoter dividend waiver and proposed demerger signal potential restructuring activity within the promoter family.