Lakshmi Electrical FY26 Net Profit at ₹118.70 Lakh
Lakshmi Electrical Control Systems Limited announced its audited financial results for FY26, reporting a net profit of ₹118.70 lakh, a decrease from the previous year. Revenue from operations increased to ₹23,758.05 lakh. The Board recommended a dividend of ₹3.00 per share and scheduled the AGM for July 31, 2026.
*this image is generated using AI for illustrative purposes only.
Lakshmi Electrical Control Systems Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a net profit of ₹118.70 lakh for the full year, a decline from ₹347.23 lakh recorded in the previous fiscal year. Revenue from operations for FY26 rose to ₹23,758.05 lakh from ₹21,231.22 lakh in the corresponding period last year.
For the quarter ended March 31, 2026, the company posted a net profit of ₹118.73 lakh, a turnaround from the net loss of ₹105.33 lakh in the preceding quarter ended December 31, 2025. Revenue from operations for the quarter increased to ₹6,847.12 lakh from ₹5,839.01 lakh in the previous quarter. The total income for the quarter stood at ₹6,973.58 lakh.
Financial Performance
The Board of Directors, at its meeting held on May 20, 2026, approved the audited financial results. The statutory auditors, M/s. Subbachar & Srinivasan, issued an audit report with an unmodified opinion for the financial year. The company's total expenses for the year amounted to ₹24,101.76 lakh, up from ₹21,166.43 lakh in the previous year.
| Metric | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from operations | 23,758.05 | 21,231.22 |
| Total Income | 24,246.98 | 21,785.22 |
| Total Expenses | 24,101.76 | 21,166.43 |
| Net Profit for the period | 118.70 | 347.23 |
| Basic EPS (₹) | 4.83 | 14.12 |
Dividend Recommendation
The Board has recommended a dividend of ₹3.00 per equity share, which represents 30% of the face value of ₹10 each, for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting (AGM). The record date for determining eligibility of shareholders for the dividend is fixed as July 24, 2026.
Corporate Announcements
The Board has approved the convening of the 45th Annual General Meeting of the company on July 31, 2026. The register of members and share transfer books will remain closed from July 25, 2026, to July 31, 2026, for the purpose of dividend payment and the AGM. Additionally, the Board has recommended the appointment of M/s. NRD Associates as the new Statutory Auditors for a term of five years, subject to shareholder approval, following the expiration of the term of the current auditors.
The Board also re-appointed Sri. S. Subbaraman as Cost Auditor and Sri V.C. Tirupathi as Internal Auditor for the financial year 2026-2027. Furthermore, the Board approved the amendment to Article 84 of the Articles of Association regarding the appointment and remuneration of directors, subject to shareholder approval.
Historical Stock Returns for Lakshmi Electrical Control Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.57% | -4.54% | -7.97% | +5.67% | -24.27% | +132.62% |
What specific cost pressures caused total expenses to grow faster than revenue in FY26, and what measures is management implementing to improve profit margins in FY27?
How might the transition to new statutory auditors M/s. NRD Associates impact investor confidence and financial reporting transparency going forward?
Given the significant decline in net profit despite revenue growth, will the company be able to sustain its ₹3.00 per share dividend payout in FY27 without straining cash reserves?
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