Image Source: Trade Brains
Laxmi Organic Industries Ltd reported consolidated revenue of 7.19 billion rupees and profit after tax of 254.1 million rupees in Q3 FY26. The company faced a 7.9% revenue decline and a 28.7% drop in net profit, though benefited from liability reversals and board-level developments.
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Laxmi Organic Industries Ltd has announced its Q3 FY26 financial results, reflecting a challenging quarter with lower revenue and profit figures compared to the previous year. Despite headwinds, the company recorded notable developments in governance and operational adjustments.
Key Highlights
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Revenue from operations stood at 7,068.72 million rupees, marking a 7.9% decline year-on-year
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Consolidated profit after tax was 198.31 million rupees, down 28.7% compared to the same quarter last year
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Nine-month FY26 revenue reached 20,852.01 million rupees, a 6.5% decline, while net profit fell 36.6% to 567.38 million rupees
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The company benefited from a reversal of electricity-related liabilities amounting to 407.27 million rupees, partially cushioning the profit decline
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Board approved the re-appointment of Dr. Rajiv Banavali as Independent Director for a second term, effective May 18, 2026, subject to shareholder approval
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Management emphasized continued focus on operational efficiency and strategic initiatives to navigate market challenges
Sources: ScanX News, InvestyWise
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