Laxmipati Engineering Works Limited reported a net profit of ₹2703.59 lakhs for the financial year ended March 31, 2026, a substantial increase from ₹649.91 lakhs in the previous year. Revenue from operations rose to ₹7199.37 lakhs from ₹5009.29 lakhs in FY25. The company’s board has scheduled the 15th Annual General Meeting for July 17, 2026, at 11.00 A.M. via video conferencing to adopt the audited financial statements for FY26.

Financial Performance

The company’s total income for FY26 stood at ₹7238.23 lakhs compared to ₹5014.41 lakhs in the previous year. Profit before tax increased to ₹3278.89 lakhs from ₹466.85 lakhs. The board attributed the strong performance to improved operational efficiencies, higher order volumes, and exceptional income recognized during the year. Earnings per share (basic) improved to ₹47.00 from ₹11.30 in the prior year.

AGM Agenda

Shareholders will consider the adoption of audited financial statements and the re-appointment of Mr. Rakesh Govindprasad Sarawagi, Executive Director (DIN: 00005665), who is liable to retire by rotation. The board has also proposed a special resolution to enhance the company's borrowing powers under Section 180(1)(c) of the Companies Act, 2013. The proposal seeks to increase the borrowing limit from the existing ₹100 crore to ₹200 crore to meet growing operational requirements, working capital needs, and capital expenditure.

E-Voting and Participation

Remote e-voting will commence on July 14, 2026, at 9.00 A.M. and conclude on July 16, 2026, at 5.00 P.M. The record date for determining shareholder eligibility is July 10, 2026. The company has appointed Central Depository Services (India) Limited (CDSL) as the authorized e-voting agency. Members may attend the AGM through VC/OAVM, with the facility available to at least 1000 members on a first-come, first-served basis.

Laxmipati Engineering Works Limited reported a net profit of ₹2,703.59 lakh for the year ended March 31, 2026, a significant increase from ₹649.91 lakh in the prior year. The surge in profitability was primarily driven by an exceptional item involving a profit on the sale of assets totaling ₹2,367.52 lakh. Revenue from operations for the full year rose to ₹7,199.37 lakh from ₹5,009.29 lakh in FY25.

The Board of Directors approved the standalone audited financial results for the half year and year ended March 31, 2026, at a meeting held on May 26, 2026. R P R & Co., Chartered Accountants, issued an unmodified opinion on the financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company operates in the business of fabrication, heavy engineering, engineering infrastructure, and services.

For the half year ended March 31, 2026, the company recorded a net profit of ₹2,415.63 lakh, compared to ₹640.74 lakh in the corresponding period of the previous year. Total income for the half year stood at ₹4,376.61 lakh, while total expenses were reported at ₹3,841.44 lakh. The basic earnings per share (EPS) for the half year increased to ₹42.00 from ₹11.14 in the previous year.

The company's financial position strengthened as of March 31, 2026, with net worth increasing to ₹3,560.82 lakh from ₹857.23 lakh a year earlier. Total assets stood at ₹6,470.92 lakh, comprising non-current assets of ₹3,080.69 lakh and current assets of ₹3,390.23 lakh. The debt-equity ratio improved to 0.47 from 5.26 in the previous year, indicating a reduction in financial leverage.

Cash flow analysis for FY26 revealed a net cash outflow of ₹1.94 lakh. Cash generated from operations was ₹633.13 lakh, while net cash used in investing activities was a positive inflow of ₹2,571.67 lakh, largely due to proceeds from the sale of fixed assets. Financing activities resulted in a net outflow of ₹3,093.83 lakh, primarily due to the repayment of long-term borrowings.