Lux Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Lux Industries reported standalone revenue of Rs. 2,923.55 crore for FY26, up 13.9% from Rs. 2,565.69 crore in FY25. However, net profit declined sharply to Rs. 101.45 crore from Rs. 166.09 crore, a drop of approximately 39% year-on-year. The company recorded exceptional items of Rs. 6.11 crore (including Rs. 2.76 crore for new labour code implementation and Rs. 3.35 crore for West Bengal tax settlement). Finance costs nearly doubled to Rs. 35.68 crore from Rs. 18.72 crore, indicating higher debt servicing burden. Operating cash flow turned negative at Rs. 148.51 crore (consolidated). The Board recommended a dividend of Rs. 2 per share (100%), with promoters waiving their dividend entitlement. The auditors issued an unmodified opinion. The company also announced preliminary approval for a demerger scheme splitting its three verticals into separate entities.
The sharp 39% decline in net profit despite revenue growth highlights margin compression and increased financial costs. The negative operating cash flow and higher debt costs are concerns. The promoter dividend waiver is shareholder-friendly. The proposed demerger could restructure the company's business units going forward.