Financial Result for the quarter ended June 30, 2025
Price
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Lykis Ltd reported weak Q1 FY26 results with standalone revenue falling about 38% year-on-year to Rs 4,481.62 lakhs (from Rs 7,175.53 lakhs), pushing the company into a net loss of Rs 98.18 lakhs versus a profit of Rs 83.23 lakhs in the same quarter last year. Consolidated revenue also slipped to Rs 6,715.45 lakhs, with a consolidated net loss of Rs 46.02 lakhs. The Board also approved the disposal of its stake in associate companies Lykis Biscuits Pvt Ltd and Lykis Packaging Pvt Ltd during the quarter. Mr. Nadir Dhrolia was re-appointed as Chairman & Managing Director for five years, while Mr. Shafeen Charania resigned as Non-Executive Chairman. Three new directors — Amit Mallawat, Mitesh Agrawal, and Deep Shah — were inducted, and key committees were reconstituted. The 41st AGM is scheduled for September 25, 2025.
Sharp revenue decline and a swing to losses suggest near-term business stress for shareholders, likely weighing on the stock in the short term. The board reshuffle and exit from associate businesses signal management is restructuring, which could be viewed positively if it improves future margins but needs results to back it up.