Unaudited financials result of the company for the second quarter and half year ended 30.09.2025
Awaiting price reaction for this filing.
The Board of Lord's Mark Industries approved unaudited financial results on 12 November 2025 for a very short reporting period of 24 September 2025 to 30 September 2025 (just 7 days), which is the effective date of amalgamation via the INC-28 scheme approved by the Registrar of Companies, Mumbai. On a standalone basis, the company reported total income of Rs 1,021.10 lakhs and a net loss of Rs 242.01 lakhs; on a consolidated basis (including 3 subsidiaries), total income was Rs 1,337.27 lakhs with a net loss of Rs 210.64 lakhs. The management clarified that the loss is entirely attributable to the legacy Kratos Energy & Infrastructure business, while the amalgamated Lord's Mark business alone posted a standalone profit of Rs 102.70 lakhs and a consolidated profit of Rs 134.06 lakhs for the same 7-day period. The company recently emerged from the insolvency process — the NCLT Mumbai approved the Resolution Plan on 28 July 2025, and promoter control shifted to Mr. Sachidanand Hariram Upadhyay via an open offer. The statutory auditor, Sanjeev S Gupta & Associates, issued a clean limited review report with no qualifications.
The headline loss is driven by absorbing the legacy Kratos entity rather than weak operations in the Lord's Mark business, which is already profitable on a like-for-like basis. However, negative operating cash flow (Rs 294+ crores standalone) and very high other expenses relative to revenue are red flags that investors should track in upcoming quarters. The recent equity infusion gives a strong cash cushion of Rs 249+ crores, but the stock remains a turnaround/restructuring story rather than a stable earnings play.