Laxmi Organic Industries has successfully commissioned the Ethyl Acetate Plant at Manufacturing Site-III. The facility is situated at G-60, MIDC, Lote Parshuram, Dhamandevi, District Ratnagiri, Maharashtra, referred to as the Lote Site.

Commissioning Details

The company confirmed the successful commissioning of the project and the commencement of commercial dispatches. This event represents an important milestone in the company’s growth and capacity expansion initiatives.

Operational Impact

The new plant is expected to further strengthen the company’s operational capabilities and market presence. The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Laxmi Organic Industries has announced its audited consolidated financial results for the financial year ended March 31, 2026. The company reported a net profit of ₹794 million for FY26, a decline of 30% from ₹1,135 million in the previous year. Revenue from operations stood at ₹28,467 million, down 5% from ₹29,854 million in FY25. For the quarter ended March 31, 2026, the company recorded a net profit of ₹216 million compared to ₹218 million in the same quarter of the previous year, while revenue from operations rose to ₹7.4 billion from ₹7.1 billion year-on-year.

Financial Performance

The company's EBITDA for FY26 was reported at ₹1,714 million, a decrease of 39% compared to the previous year. The EBITDA margin for the year stood at 6.0%. Profitability was impacted by one-time expenses, including costs related to a Labour Code Impact of ₹38 million and a Supply Chain redesign project, partially offset by a one-time gain from a favorable litigation settlement for wheeling & transmission charges of ₹407 million. The following table summarizes the full-year and quarterly financial metrics:

Q4 performance on a year-on-year basis is presented below:

Business Segment Performance

Revenue from the Essentials segment remained stable at ₹20,268 million for FY26, while the Specialties segment reported a revenue of ₹7,791 million, a decline of 18% year-on-year. The company noted that revenue growth in Q4 was driven by higher price realizations, and Adjusted EBITDA margin improved sequentially by 520 basis points.

Board Decisions

The Board of Directors has recommended a final dividend of ₹0.30 per equity share of face value ₹2 each, amounting to 15% of the face value, subject to shareholder approval at the Annual General Meeting scheduled for August 5, 2026. The record date for the dividend has been fixed as July 21, 2026.

The Board approved the re-appointment of M/s B. J. D. Nanabhoy & Company as Cost Auditor for FY26-27. Additionally, Mr. Amit Jain has been appointed as the Chief Financial Officer and Key Managerial Personnel effective June 16, 2026. Consequently, Mr. Harshvardhan Goenka will cease to hold the responsibilities of Interim Chief Financial Officer effective June 15, 2026.

The company also corrected a typographical error in the Consolidated Financial Results for the quarter ended March 31, 2026. The Basic and Diluted EPS for the quarter were incorrectly reported as ₹(0.77) and ₹(0.78) respectively, and have been corrected to ₹0.77 for both.