Annual Report for the Financial Year 2024 -2025.
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Awaiting price reaction for this filing.
Lykis Ltd has submitted its 41st Annual Report for FY2024-25 under SEBI LODR Regulation 34. Consolidated turnover stood at ₹30,141.08 lakhs, down from ₹40,774.05 lakhs in FY24, while consolidated net profit fell to ₹260.99 lakhs from ₹388.04 lakhs. On a standalone basis, net profit more than doubled to ₹147.90 lakhs from ₹68.20 lakhs, though standalone revenue declined to ₹26,776.06 lakhs from ₹37,465.95 lakhs. Foreign exchange earnings dropped sharply to ₹21,654.12 lakhs from ₹38,225.87 lakhs. The Board has not recommended any dividend for FY25. The company exports FMCG products across 30+ countries and has 2 subsidiaries and 2 associate companies. Chairman Shafeen Charania resigned on August 6, 2025, with three new directors appointed on the same date.
The filing is a routine regulatory submission and does not signal any new event. However, the underlying financials show revenue contraction on both standalone and consolidated bases, with consolidated profits also declining, which may be a concern for shareholders despite improved standalone profitability.