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Laxmi Organic Industries Q1 FY26 results: net profit down 37.7% to ₹21.39 crore, revenue down 3.5%
Laxmi Organic Industries Limited reported consolidated revenue of ₹692.93 crore and a net profit of ₹21.39 crore for Q1 FY26. Revenue fell 3.5% year on year, while EBITDA declined 56.8% to ₹30.75 crore and margin narrowed to 4.4%.
Key points
- Consolidated revenue was ₹692.93 crore in Q1 FY26, down 3.5% from ₹718.17 crore in Q1 FY25.
- EBITDA fell 56.8% year on year to ₹30.75 crore, while EBITDA margin declined 5.5 percentage points to 4.4%.
- Net profit was ₹21.39 crore, down 37.7% from ₹34.35 crore, and basic EPS fell to ₹0.77.
- Against Q4 FY25, revenue fell 2.4% and EBITDA fell 47.9%, while net profit declined 1.7%.
- Standalone revenue was ₹671.91 crore and profit after tax was ₹22.97 crore in Q1 FY26.
How did Laxmi Organic Industries perform in Q1 FY26?
Laxmi Organic Industries reported consolidated revenue of ₹692.93 crore for Q1 FY26, down 3.5% from ₹718.17 crore in Q1 FY25 and 2.4% from ₹709.69 crore in Q4 FY25. EBITDA was ₹30.75 crore, down 56.8% year on year and 47.9% sequentially. The EBITDA margin fell to 4.4% from 9.9% a year earlier and 8.3% in the previous quarter.
Consolidated net profit was ₹21.39 crore, compared with ₹34.35 crore in Q1 FY25 and ₹21.76 crore in Q4 FY25. Basic EPS was ₹0.77, down from ₹1.24 year on year and ₹0.79 in the previous quarter. On a standalone basis, revenue was ₹671.91 crore and profit after tax was ₹22.97 crore.
| ₹ crore | Q1 FY26 | Q4 FY25 | Q1 FY25 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 692.93 | 709.69 | 718.17 | −3.5% | −2.4% |
| Other income | 5.51 | 1.10 | 11.98 | −54.0% | +400.9% |
| Total expenses | 684.25 | 697.54 | 676.16 | +1.2% | −1.9% |
| EBITDA | 30.75 | 59 | 71.20 | −56.8% | −47.9% |
| EBITDA margin | 4.4% | 8.3% | 9.9% | −5.5 pp | −3.9 pp |
| Profit before tax | 14.19 | 13.24 | 53.98 | −73.7% | +7.2% |
| Tax | −7.20 | −8.52 | 19.63 | ||
| Net profit | 21.39 | 21.76 | 34.35 | −37.7% | −1.7% |
| EPS (₹) | 0.77 | 0.79 | 1.24 | −37.9% | −2.5% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Laxmi Organic Industries' costs and profit?
Total expenses rose 1.2% year on year to ₹684.25 crore, led by cost of materials, which increased ₹5.29 crore to ₹451.87 crore, employee cost, which rose ₹2.19 crore to ₹40.89 crore, and finance costs, which increased ₹1.60 crore to ₹4.92 crore. Depreciation fell ₹8.72 crore to ₹17.15 crore and other expenses declined ₹3.31 crore to ₹141.92 crore.
Other income fell ₹6.47 crore year on year to ₹5.51 crore, while there was no exceptional item. Profit before tax declined ₹39.79 crore to ₹14.19 crore, and the tax line changed from ₹19.63 crore to a ₹7.20 crore credit. Against Q4 FY25, total expenses fell ₹13.29 crore to ₹684.25 crore, while other income rose ₹4.41 crore to ₹5.51 crore.
| ₹ crore | Q1 FY26 | Q1 FY25 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 451.87 | 446.58 | +5.29 | +1.2% |
| Employee cost | 40.89 | 38.70 | +2.19 | +5.7% |
| Finance costs | 4.92 | 3.32 | +1.60 | +48.2% |
| Depreciation | 17.15 | 25.87 | −8.72 | −33.7% |
| Other expenses | 141.92 | 145.23 | −3.31 | −2.3% |
| Total expenses | 684.25 | 676.16 | +8.09 | +1.2% |
| Other income | 5.51 | 11.98 | −6.47 | −54.0% |
| Tax | −7.20 | 19.63 | −26.83 |
Source: Company's results filing (XBRL).
How has Laxmi Organic Industries done over the last 8 quarters?
Revenue reached its highest level in the reported series at ₹792.06 crore in Q4 FY24 and its lowest at ₹652.27 crore in Q2 FY24. It was ₹692.93 crore in Q1 FY26, down from ₹709.69 crore in the preceding quarter. Net profit peaked at ₹44.3 crore in Q4 FY24 and was ₹21.39 crore in the latest quarter.
EBITDA margin reached its highest level at 11.4% in Q4 FY24 and its lowest at 4.4% in Q1 FY26. The latest margin was below 8.3% in Q4 FY25 and 9.9% in Q1 FY25, showing that profitability weakened further in the latest quarter.
What else did the company announce?
The board approved the unaudited standalone and unaudited consolidated financial results for the quarter ended 30 June 2025 on 28 July 2025. The statutory auditors carried out a limited review, and the company filed an investor presentation for an analyst and institutional investors’ meeting on 29 July 2025. The same-day filings did not report a dividend, fund raise or appointment.
What did Laxmi Organic Industries' management say?
Management said revenue declined 4% year on year despite 8% volume growth, as ethyl acetate spreads were $120/ton against a $220 long-term average. It said Essentials EBITDA margin was 2% in Q1 FY26, while Specialties EBITDA was 16% and was affected by a 9% agro active-ingredient phase-out. Management declined numerical guidance for FY26 and FY27 and said Q2 FY26 would be “in line with Q1 or better performance.”
Management said the Dahej project was on track for mechanical completion by the end of Q3 or early Q4 FY26, with revenue contribution skewed to FY27. It said the Hitachi Energy SF6-free gas contract was targeted for signing in Q2 FY26 within the existing Rs 1,100 crore capital-expenditure envelope. Lote Fluoro Intermediates was expected to reach 40-60% of peak revenue in FY26, with cost to complete of Rs 550 crore.
Management identified weak agro demand, pressure on agro value-chain margins, the 9% specialty revenue gap from the phase-out, Dahej execution and structural Chinese overcapacity as risks. Dr Rajan Venkatesh said: “While we are continuing to be in the bottom quartile, this could really be the bottom of the bottom quartile.”
How did Laxmi Organic Industries shares react?
The filing appeared after market hours. The stock was up 0.3% after 5 minutes, up 0.1% after 15 minutes and up 0.3% after 30 minutes, but closed 3.6% below its pre-results close. By the next day’s close it was down 2.9% from that close, and by the fifth session it was down 6.4%.
| After the filing | Stock | Specialty Chemicals median |
|---|---|---|
| 5 minutes | +0.3% | |
| 15 minutes | +0.1% | |
| 30 minutes | +0.3% | |
| Reaction day | −3.6% | +0.7% |
| Next day | −2.9% | +1.0% |
| 5 days | −6.4% | −1.0% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 20 May 2025 | −2.9% |
| 22 January 2025 | −0.9% |
| 29 October 2024 | +6.7% |
| 26 July 2024 | −5.3% |
| 21 May 2024 | +2.0% |
Source: MarketPing price-reaction measurement.
How did other Specialty Chemicals companies do?
Among 88 Specialty Chemicals companies compared for revenue growth, the median was 7.0%. Twenty-eight peers grew more slowly than Laxmi Organic Industries and 59 grew faster. Of the 90 peers assessed for profit, 47 reported higher profit.
| Laxmi Organic Industries revenue growth (YoY) | −3.5% |
|---|---|
| Median of 88 other Specialty Chemicals companies | +7.0% |
| Companies with slower revenue growth than Laxmi Organic Industries | 28 of 88 |
| Companies with faster revenue growth than Laxmi Organic Industries | 59 of 88 |
| Companies whose net profit rose | 47 of 90 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Laxmi Organic Industries' revenue in Q1 FY26?
Revenue from operations was ₹692.93 crore, down 3.5% from ₹718.17 crore in Q1 FY25 (consolidated).
Did Laxmi Organic Industries make a profit in Q1 FY26?
Yes. Net profit was ₹21.39 crore, against a net profit of ₹34.35 crore in Q1 FY25.
What was Laxmi Organic Industries' EPS in Q1 FY26?
Basic earnings per share were ₹0.77, against ₹1.24 in Q1 FY25.
How did Laxmi Organic Industries shares react to the Q1 FY26 results?
On the reaction day the stock moved −3.6% from the previous close; the median Specialty Chemicals stock moved +0.7%.
When did Laxmi Organic Industries announce its Q1 FY26 results?
On 28 July 2025, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 28 July 2025) · PDF
- Outcome of Board Meeting (NSE, 28 July 2025) · PDF
- Updates (NSE, 31 July 2025) · PDF
- The earnings call (2 August 2025)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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