The stakeholders are requested to ignore the earlier filed outcome of Board meeting held today 14.11.2025 and consider this as complete in all respects.
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Awaiting price reaction for this filing.
LWS Knitwear has re-submitted its unaudited financial results for the quarter and half-year ended 30 September 2025 because the cashflow statement was accidentally left out of the earlier filing on 14 November 2025. The board approved the results the same day and statutory auditors Parmod G. Gupta & Associates issued an unmodified (clean) limited review report. Revenue from operations for Q2 FY26 stood at about Rs 2,650 lakhs, with Q1 FY26 at about Rs 4,806 lakhs, while profit before tax for H1 FY26 came in around Rs 74 lakhs against about Rs 88 lakhs in H1 FY25, indicating a year-on-year decline in profitability. A clear red flag is the negative net cash from operating activities of about Rs (367) lakhs for H1 FY26, even though the company reported a paper profit. Trade receivables also jumped from about Rs 3,382 lakhs to Rs 4,528 lakhs, signalling working-capital stress.
The re-submission is procedural and the auditor opinion is clean, so there is no change in the reported numbers themselves. However, the combination of negative operating cash flow and sharply rising receivables means profits are not being converted into cash, which is a quality-of-earnings concern for shareholders despite the small-cap knitwear company staying profitable on paper.