Lakshya Powertech FY26 PAT falls 35.8% to ₹101.39 crore

Lakshya Powertech Limited reported a 35.8% decline in net profit for the financial year ended March 31, 2026, while revenue from operations grew 12.4%. The board approved the audited standalone and consolidated financial results for the year and half-year ended March 31, 2026, on May 29, 2026. The company attributed the performance to consistent execution across ongoing projects and improving order inflows, despite a significant rise in finance costs.

The company recorded a profit after tax (PAT) of ₹101.39 crore for FY26, down from ₹158.02 crore in the previous year. Revenue from operations rose to ₹1,799.29 crore from ₹1,601.04 crore in FY25. Total revenue for the year stood at ₹1,807.97 crore. For the half-year ended March 31, 2026, PAT was ₹32.77 crore on revenue of ₹912.27 crore.

Financial Performance

The company's finance costs increased significantly to ₹58.21 crore in FY26 from ₹37.20 crore in the prior year. Employee benefits expenses decreased to ₹376.53 crore from ₹407.77 crore. Other expenses rose to ₹75.47 crore from ₹57.13 crore. The basic and diluted earnings per share (EPS) for FY26 stood at ₹10.06, compared to ₹18.50 in the previous year.

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from operations	17,992.55	16,010.42
Total Revenue	18,079.68	16,133.31
Total Expenses	16,670.68	14,185.46
Profit before tax	1,409.00	1,944.77
Net Profit	1,013.90	1,580.18
EPS (Basic)	10.06	18.50

Balance Sheet and Cash Flows

The company's total assets stood at ₹1,982.73 crore as of March 31, 2026, up from ₹1,512.70 crore a year earlier. Shareholders' funds increased to ₹1,021.32 crore from ₹953.13 crore. Short-term borrowings surged to ₹673.86 crore from ₹253.04 crore. Trade receivables were recorded at ₹689.14 crore, while inventories stood at ₹621.61 crore.

Cash flow from operating activities was negative at ₹58.41 crore, compared to a negative outflow of ₹37.74 crore in FY25. Cash flow from financing activities was positive at ₹391.98 crore, driven by proceeds from borrowings of ₹708.27 crore. Net cash and cash equivalents increased to ₹38.65 crore from ₹12.17 crore at the end of the previous year.

Strategic Developments

During FY26, Lakshya Powertech expanded its international footprint through the incorporation of a wholly owned subsidiary, Lakshya Powertech Contracting L.L.C., in Dubai, UAE. The company secured a major integrated O&M services contract worth ₹641.92 crore from Vedanta Limited, providing long-term revenue visibility in the oil & gas segment. Additionally, it received orders worth ₹21.24 crore from Micron Electricals (India) Private Limited for data center infrastructure and ₹2.52 crore from Powerica Limited and NTT Global Data Centers & Cloud Infrastructure India Private Limited. A favorable Commercial Court order was received in a dispute against Devi Engineering & Construction Limited, enhancing recovery visibility with a ₹2.06 crore principal claim.

Auditor's Report and Disclosures

Goyal Goyal & Co., the statutory auditors, issued an unmodified opinion on the standalone and consolidated financial results. The consolidated results include financials of subsidiaries Lakshya Power tech Contracting LLC and Lakshya EPC Private Limited. The company declared that the Statement on Impact of Audit Qualifications is not applicable for FY26 as the auditors expressed an unmodified opinion.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.99%	-7.69%	-16.11%	+0.12%	-27.92%	-66.07%

Lakshya Powertech Limited has submitted its Structured Digital Database (SDD) Compliance Certificate for the financial year 2025-26 to the Listing Compliance Department of the National Stock Exchange of India Limited (SME Emerge) on May 15, 2026. The submission was made pursuant to NSE Circular reference No. NSE/CML/2024/31 dated October 18, 2024, and was signed by Akash Patel, Company Secretary and Compliance Officer (M. No.: A68826).

SDD Compliance Certificate Details

The compliance certificate was issued by M/s H M & Associates, Practicing Company Secretaries, Ahmedabad, appointed by Lakshya Powertech Limited. The certificate covers the financial year from April 1, 2025 to March 31, 2026, and was issued pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations). The certificate was dated May 14, 2026, and signed by CS Himanshu Gupta, Partner, H M & Associates.

Key Compliance Parameters Certified

The certifying firm, H M & Associates, confirmed the following compliance parameters for Lakshya Powertech Limited:

Parameter:	Status
Structured Digital Database in place:	Yes
Access controls on SDD:	Yes
UPSI captured for FY 2025-26:	Yes
Nature, date, and time of UPSI captured:	Yes
Audit trail maintained:	Yes
Database non-tamperable and records retained for 8 years:	Yes
Non-compliances observed:	Not Applicable

UPSI Events Captured

A key highlight of the certificate is the confirmation regarding Unpublished Price Sensitive Information (UPSI) events. The company was required to capture 36 (Thirty-Six) events during the period from April 1, 2025 to March 31, 2026, and has successfully captured all 36 (Thirty-Six) required events in its Structured Digital Database.

Certifying Firm Details

The compliance certificate was issued by H M & Associates with the following credentials:

Partner: CS Himanshu Gupta
FCS: 12183
CP No.: 22596
Peer Review No.: 6987/2025
UDIN: F012183H000363908
Place of Issue: Ahmedabad
Date of Issue: May 14, 2026

The submission underscores Lakshya Powertech Limited's adherence to the regulatory requirements prescribed by SEBI under the Prohibition of Insider Trading Regulations, 2015, with no non-compliances reported for the financial year ended March 31, 2026.