Results for the Financial year ended 31st March 2025
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LWS Knitwear reported strong FY25 results with revenue from operations rising about 45% to Rs 10,869.14 lakhs (vs Rs 7,513.45 lakhs in FY24). Profit before tax climbed roughly 72% to Rs 337.81 lakhs, and net profit after tax grew about 81% to Rs 252.74 lakhs (vs Rs 139.95 lakhs). The statutory auditor issued an unmodified (clean) opinion. The company completed a rights issue in January 2025, raising Rs 17.23 crores which has been fully utilized for loan repayment (Rs 9.71 cr), working capital (Rs 2 cr), share issue expenses (Rs 1.5 cr) and general corporate purposes (Rs 4.02 cr). Paid-up share capital expanded from 50.58 lakh to 1.46 crore equity shares. The board also appointed M/s Bhambri & Associates as the new Secretarial Auditor for a five-year term starting FY26.
Strong revenue and profit growth is a positive signal for shareholders, but the negative operating cash flow widened to Rs (1,185.88) lakhs from Rs (755.69) lakhs last year, and trade receivables nearly doubled to Rs 3,382.46 lakhs, pointing to working capital strain that investors should watch closely. Note that basic EPS fell from Rs 2.77 to Rs 1.73 mainly because the rights issue nearly tripled the share count.