Outcome of Board Meeting
Price
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Lykis Ltd's board approved standalone and consolidated unaudited financial results for Q2 and H1 FY26 (ended Sep 30, 2025). On a standalone basis, H1 revenue fell sharply to ₹10,759 lakhs from ₹15,071 lakhs in H1 FY25 (around 29% decline), while PAT edged up modestly to ₹137 lakhs from ₹133 lakhs. Consolidated performance was stronger: revenue stayed almost flat at ₹15,673 lakhs, but PAT jumped to ₹254 lakhs from ₹174 lakhs (about 46% growth), driven by subsidiaries. Standalone EPS was ₹0.71; consolidated EPS was ₹1.31. The company divested its investments in associate firms Lykis Biscuits and Lykis Packaging, booking provision reversals of ₹131.58 lakhs (standalone) and ₹77.54 lakhs (consolidated). The board also approved the sale of all trademarks, now classified as an asset held for sale.
Consolidated earnings improved sharply even as standalone revenue contracted, suggesting subsidiaries (especially the UAE arm) are doing the heavy lifting. However, negative consolidated operating cashflow of about ₹471 lakhs and a debt-to-equity ratio above 1 raise concerns about working capital and leverage despite better headline profits. The trademark sale signals continued restructuring of the core business.