Lamosaic India FY26 net profit falls 33% to ₹16.65 crore
Lamosaic India Limited reported a net profit of ₹16.65 crore for FY26, a decrease from ₹24.79 crore in FY25, while revenue from operations fell to ₹102.10 crore. The Board approved the audited financial results on May 27, 2026, with auditors noting outstanding statutory dues and pending DGGI proceedings. The company fully utilized its ₹61.20 crore IPO proceeds, reallocating unutilized amounts to working capital following shareholder approvals.
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Lamosaic India Limited reported a net profit of ₹16.65 crore for the financial year ended March 31, 2026, a decrease from ₹24.79 crore in the previous year. Revenue from operations fell to ₹102.10 crore from ₹143.49 crore in FY25. The Board of Directors approved the Standalone Audited Financial Statements at a meeting held on May 27, 2026.
M/s. R G G R & Associates LLP, the Statutory Auditors, issued an Audit Report with an unmodified opinion on the financial results. However, the auditors drew attention to outstanding statutory dues, including unpaid income tax liabilities and other statutory liabilities as of March 31, 2026. Management represented that these liabilities would be discharged in due course. Additionally, certain proceedings initiated by the Directorate General of GST Intelligence (DGGI) relating to GST matters for earlier periods are pending adjudication.
The company disclosed that it has fully utilized the proceeds of ₹61.20 crore raised through its Initial Public Offering (IPO) on November 27, 2024. Shareholders approved deviations in the use of issue proceeds via postal ballots on March 29, 2025, and March 1, 2026. Unutilized amounts of ₹1.04 crore from issue-related expenses and ₹4.05 crore from pursuing inorganic growth were reallocated to meet incremental working capital requirements.
The Board appointed M/s JC & Associates as the Secretarial Auditor for the financial year 2025-26. In a separate disclosure, the company confirmed it does not fall under the category of a “Large Corporate” as per SEBI circulars regarding fund raising by issuance of debt securities.
Financial Performance
The company’s total income for FY26 stood at ₹102.27 crore, compared to ₹143.60 crore in the previous year. Total expenses decreased to ₹99.45 crore from ₹140.17 crore in FY25. Earnings per share (EPS) for the year declined to ₹1.61 from ₹2.98 in the previous year.
Standalone Financial Results (FY26)
| Particulars | Year Ended 31.03.2026 (Rs in Lakhs) | Year Ended 31.03.2025 (Rs in Lakhs) |
|---|---|---|
| Revenue from Operations | 10,210.63 | 14,349.43 |
| Total Income | 10,227.17 | 14,359.59 |
| Total Expenses | 9,945.44 | 14,017.01 |
| Profit Before Tax | 281.73 | 342.58 |
| Net Profit | 166.65 | 247.94 |
| Earnings Per Share (Basic) | 1.61 | 2.98 |
Utilization of IPO Proceeds
| Object | Original Allocation (Rs in Lakhs) | Modified Allocation (Rs in Lakhs) | Amount Utilised (Rs in Lakhs) |
|---|---|---|---|
| Repayment of certain Borrowings | 445.77 | 445.77 | 445.77 |
| To meet incremental working capital requirements | 3,500.00 | 4,009.31 | 4,009.31 |
| Pursuing Inorganic Growth | 600.00 | 195.00 | 195.00 |
| General Corporate Expenses | 1,400.00 | 1,400.00 | 1,400.00 |
| Issue related expenses | 174.23 | 69.92 | 69.92 |
| Total | 6,120.00 | 6,120.00 | 6,120.00 |
Historical Stock Returns for Lamosaic India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.12% | -9.04% | -10.27% | -38.68% | -41.39% | -86.56% |
What is the specific timeline for discharging the outstanding statutory dues and unpaid income tax liabilities highlighted by the auditors?
How will the pending DGGI adjudication proceedings impact the company's cash flow and financial stability in the coming quarters?
What strategic measures is Lamosaic India implementing to reverse the decline in revenue and net profit observed in FY26?
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