Outcome of Board Meeting dated May 23, 2025
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Lykis Ltd's Board approved its audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, along with an unmodified (clean) auditor opinion from JASS & Co LLP. Standalone revenue from operations fell to Rs 26,372.60 lakhs (from Rs 37,129.78 lakhs in FY24), a decline of around 29%, while standalone profit after tax rose sharply to Rs 147.90 lakhs (from Rs 68.20 lakhs), aided by lower finance costs. On a consolidated basis, revenue dropped to Rs 29,736.78 lakhs (from Rs 40,433.74 lakhs) and PAT slipped to Rs 261.02 lakhs (from Rs 388.18 lakhs). The company booked an exceptional item of Rs 131.58 lakhs (standalone) / Rs 77.54 lakhs (consolidated) as impairment of investments in associate companies Lykis Biscuits and Lykis Packaging, and the Board gave in-principle approval to divest these stakes. The Board also appointed M/s KTPS & Co. as internal auditor for FY26 and Ms. Komal Birmiwala as secretarial auditor for a five-year term (FY26–FY30).
Shareholders should note a mixed picture: weak top-line on both standalone and consolidated basis, but standalone bottom-line improved due to lower interest expenses. The planned exit from loss-making associate companies could sharpen focus on the core export business, but the significant revenue contraction and consolidated profit decline are concerns for near-term stock sentiment.