Lakshya Powertech promoters increase stake via off-market purchase

Promoters of Lakshya Powertech Limited increased their stake in the company by acquiring 54,008 equity shares through off-market transactions on June 02, 2026. The acquisitions were disclosed to the stock exchange on June 03, 2026, complying with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Acquisition Details

Mr. Rajesh Gopala Anne, a promoter of the company, purchased 33,200 equity shares. Prior to this acquisition, he held 31,35,000 shares, representing 31.09% of the total paid-up share capital. Following the transaction, his holding increased to 31,68,200 shares, which constitutes 31.42% of the company's equity share capital.

Mrs. Priya Bandhavi Anne, also a promoter, acquired 20,808 equity shares. Her holding before the transaction stood at 38,47,500 shares, accounting for 38.15% of the capital. Post-acquisition, her total shareholding rose to 38,68,308 shares, representing 38.36% of the equity share capital.

The total equity share capital of Lakshya Powertech Limited remained unchanged at 1,00,83,920 shares before and after the said acquisitions.

Shareholding Summary

The following table details the changes in shareholding for both promoters:

Promoter	Shares Acquired	Pre-acquisition Holding	Post-acquisition Holding	% Change in Holding
Rajesh Gopala Anne	33,200	31,35,000 (31.09%)	31,68,200 (31.42%)	0.33%
Priya Bandhavi Anne	20,808	38,47,500 (38.15%)	38,68,308 (38.36%)	0.21%

The disclosures were submitted by Akash Patel, Company Secretary and Compliance Officer of Lakshya Powertech Limited, to the Listing Compliance Department of the National Stock Exchange of India Limited (SME Emerge).

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.97%	-18.48%	-24.10%	-6.74%	-33.78%	-69.35%

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.