Financial Result for the Quarter and Half ended 30.09.2025
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Lykis Limited reported its Q2 FY26 and H1 FY26 results, with the limited review completed by JASS & Co LLP. On a standalone basis, revenue from operations fell to Rs 10,758.91 lakhs in H1 FY26 from Rs 15,070.66 lakhs in H1 FY25, a decline of nearly 29%, while standalone profit after tax was Rs 137.34 lakhs (vs Rs 132.92 lakhs). On a consolidated basis, including subsidiaries Lykis Export LLC (UAE) and Goldspan Exports, H1 revenue was largely flat at Rs 15,673.24 lakhs but consolidated PAT jumped to Rs 253.89 lakhs from Rs 174.22 lakhs, about 45% higher. The company completed the sale of its investments in associates Lykis Biscuits and Lykis Packaging, as well as Lykis Herbals, booking small profits/losses after reversal of provisions (exceptional items of Rs 131.58 lakhs standalone and Rs 77.54 lakhs consolidated). The Board also approved the sale of all company trademarks, now classified as 'Asset Held for Sale'. Q2 standalone EPS was Rs 1.22 and consolidated EPS was Rs 1.31 for the half year.
Mixed signals for shareholders: standalone top-line is contracting sharply while consolidated profits are benefiting from subsidiaries, suggesting the core domestic business is struggling but overseas/export subsidiaries are driving earnings. The disposal of associate stakes, trademark held-for-sale classification, and negative consolidated operating cash flow (Rs -470.99 lakhs) point to an ongoing restructuring and weak working capital management, which may cause short-term stock volatility.