Lakshmi Engineering and Warehousing Limited company name reported a significant turnaround in profitability for the quarter ended June 30, 2026, with net profit after tax (PAT) surging 150% year-on-year to ₹60.37 lakh. The company’s total income rose to ₹428.02 lakh, up from ₹342.11 lakh in Q1FY26, driven primarily by a 33.2% increase in revenue from operations to ₹403.10 lakh. This performance underscores the resilience of its core warehousing business amidst broader economic conditions.

The Board of Directors approved the unaudited standalone financial results during a meeting held on August 10, 2026. The results were reviewed by the Audit Committee and subjected to limited review by the statutory auditors, Subbachar & Srinivasan Chartered Accountants, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements were prepared in accordance with Ind AS 34.

Financial Performance Highlights

The company’s earnings per share (EPS) more than doubled to ₹9.03 per share from ₹3.60 in the same quarter last year. Total expenses increased moderately to ₹338.38 lakh from ₹300.81 lakh, reflecting controlled cost management despite higher operational activity. Finance costs rose slightly to ₹29.46 lakh from ₹26.11 lakh, while employee benefits expense increased to ₹130.84 lakh.

Segment-Wise Analysis

The warehousing rental services segment remained the primary profit driver, contributing ₹128.71 lakh to segment profit, up from ₹93.90 lakh in Q1FY26. Revenue from this segment grew 27.4% to ₹273.78 lakh. In contrast, the engineering services segment continued to incur losses, reporting a segment loss of ₹9.11 lakh compared to ₹34.87 lakh in the previous year, indicating an improvement in operational efficiency within this division. Revenue from engineering services rose 31.8% to ₹144.16 lakh.

What the Numbers Show

The divergence between the two segments highlights the company’s dependency on its warehousing arm for profitability. While both segments saw substantial revenue growth—warehousing up 27.4% and engineering up 31.8%—only the warehousing unit generated positive operating cash flows. The engineering services segment’s loss narrowed significantly by ₹25.76 lakh year-on-year, suggesting that recent cost-control measures or volume improvements are beginning to offset fixed costs, though it remains a drag on overall bottom-line performance. The sharp decline in other income (₹24.92 lakh vs ₹39.53 lakh) was more than compensated by the surge in core operational profits.

Lakshmi Engineering & Warehousing will hold its 52nd Annual General Meeting (AGM) on August 10, 2026, at 10:15 A.M. through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting aims to transact ordinary business, including the adoption of audited financial statements for the financial year ended March 31, 2026, and special business regarding the reappointment of key board members. This virtual format ensures broad shareholder participation while adhering to regulatory guidelines issued by the Ministry of Corporate Affairs and SEBI.

The Board of Directors has placed three director appointments before shareholders for approval. R.Santharam and N.Jayachandar retire by rotation and offer themselves for re-appointment. Additionally, a special resolution proposes the reappointment of Pradip Roy as a Non-Executive Independent Director. The explanatory statement notes that Roy’s current five-year term expires on August 10, 2026, and his continued association is deemed beneficial to the company based on performance evaluations by the Nomination and Remuneration Committee.

Director Reappointment Details

The following table outlines the directors seeking appointment or re-appointment at the ensuing AGM:

Pradip Roy’s reappointment requires a special resolution pursuant to Sections 149, 152, and 160 of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. If approved, his new term will last until the conclusion of the 57th AGM in 2031 or the expiry of five consecutive years, whichever is earlier. He is not liable to retire by rotation during this period.

Voting and Meeting Logistics

Shareholders holding shares as of the cut-off date, August 3, 2026, are eligible to vote. Remote e-voting will be facilitated by National Securities Depository Limited (NSDL) and runs from August 7, 2026, at 9:00 A.M. to August 9, 2026, at 5:00 P.M. Members who have already cast their votes via remote e-voting may attend the virtual meeting but cannot vote again. B.Krishnamoorthi, Chartered Accountant, has been appointed as the scrutinizer to oversee the voting process.

The Register of Members and Share Transfer Books will remain closed from August 4, 2026, to August 10, 2026. Dividends, if declared, will be paid within 30 days to members registered as of August 3, 2026. The company reminds shareholders that Tax at Source (TDS) will be deducted from dividends exceeding ₹ 10,000 unless a valid Form 121 declaration is submitted by August 10, 2026. Physical share transfers are not processed; all shares must be held in demat mode.