Lexus Granito returns to profitability with net profit of ₹104.17 lakh in FY26
Lexus Granito (India) Limited returned to profitability in FY26 with a net profit of ₹104.17 lakh, compared to a net loss of ₹503.14 lakh in the previous year. This turnaround was supported by a reduction in total expenses to ₹7,348.49 lakh, despite revenue from operations falling to ₹6,187.56 lakh. The board approved the audited financial results on May 30, 2026, and confirmed the conversion of 300,000 equity share warrants, increasing paid-up capital to ₹2,079.07 lakh.
*this image is generated using AI for illustrative purposes only.
Lexus Granito (India) Limited returned to profitability in the financial year ended March 31, 2026, posting a net profit of ₹104.17 lakh compared to a net loss of ₹503.14 lakh in the previous year. The turnaround was driven by a significant reduction in total expenses, which fell to ₹7,348.49 lakh from ₹8,101.28 lakh in FY25, despite a decline in revenue from operations to ₹6,187.56 lakh from ₹7,525.03 lakh. The board of directors approved the audited financial results for the quarter and year ended March 31, 2026, at its meeting held on May 30, 2026.
Financial Performance
For the quarter ended March 31, 2026, the company reported a net loss of ₹65.47 lakh, a reversal from the profit of ₹52.48 lakh in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹1,153.59 lakh, down from ₹2,096.91 lakh in Q4FY25. Total income for the year decreased to ₹7,438.53 lakh from ₹7,554.20 lakh in the prior year. The results were reviewed by the audit committee and audited by the statutory auditors, Keyur Shah & Associates, Chartered Accountants.
Capital Structure and Fund Utilization
During the period under review, the company issued and allotted 300,000 equity shares pursuant to the conversion of equity share warrants at an issue price of ₹45.20 per share. The balance 75% of the issue price, amounting to ₹1,01,70,000, was received during the quarter ended March 31, 2026. The paid-up equity share capital increased to ₹2,079.07 lakh as of March 31, 2026.
Funds raised through the preferential issue of convertible warrants were utilized for general corporate purposes, repayment of unsecured loans, and meeting working capital requirements. The company confirmed there was no deviation in the use of funds raised.
Segment Reporting and Related Party Transactions
The company derived its entire segment revenue of ₹1,153.59 lakh for the quarter and ₹6,187.56 lakh for the year from the India segment. Overseas revenue for the year stood at ₹130.91 lakh, with major contributions from Portugal and Israel.
Disclosures regarding related party transactions indicated loans given to key management personnel and relatives. The outstanding balance of loans to the Managing Director, Anilkumar Babulal Detroja, stood at ₹1,108.44 lakh as of March 31, 2026.
| Financial Highlights (₹ in Lakhs) | FY26 | FY25 |
|---|---|---|
| Revenue from Operations | 6,187.56 | 7,525.03 |
| Total Income | 7,438.53 | 7,554.20 |
| Total Expenses | 7,348.49 | 8,101.28 |
| Profit for the Period | 104.17 | (503.14) |
| Earnings Per Share (Basic) | 0.51 | (2.49) |
Historical Stock Returns for Lexus Granito
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.60% | -11.19% | -19.85% | -43.25% | -54.72% | +26.94% |
Can the company sustain profitability given the decline in revenue from operations?
What strategies are in place to reverse the downward trend in revenue?
How will the funds raised from the preferential issue impact future growth?
19
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
