Lorenzini Apparels Limited has resubmitted its audited financial results for the quarter and year ended March 31, 2025, reporting a net loss of ₹656.73 lakh for the fourth quarter. The filing, made pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, includes an audit report issued by the company's statutory auditors, Mittal & Associates. The auditors provided an unmodified opinion on the financial results, confirming compliance with Indian Accounting Standards (Ind-AS).

The company reported a total income of ₹861.75 lakh for the quarter ended March 31, 2025, a decline from ₹948.84 lakh in the corresponding period of the previous year. Total expenses for the quarter rose to ₹1,432.26 lakh from ₹922.85 lakh in Q4FY24. For the full fiscal year FY25, the company reported a profit of ₹583.64 lakh, compared to ₹529.66 lakh in the previous year, with total income increasing to ₹6,684.29 lakh from ₹5,662.99 lakh.

The audit report drew attention to a preferential issue of equity shares amounting to ₹2,100 lakh. According to the management, funds totaling ₹1,653.72 lakh have been utilised for the objectives of the preferential issue. The remaining balance of ₹446.28 lakh is currently in the process of being deployed towards intended objectives. In the interim, these undeployed funds have been invested in the equity market until they are fully utilised for their designated purposes.

The balance sheet as of March 31, 2025, shows total assets at ₹7,264.21 lakh, an increase from ₹6,216.38 lakh in the previous year. Equity share capital increased to ₹1,727.37 lakh from ₹1,566.89 lakh, while other equity rose significantly to ₹3,032.30 lakh from ₹504.08 lakh. Current liabilities decreased to ₹2,149.21 lakh from ₹3,107.63 lakh in the prior year, primarily due to a reduction in borrowings and trade payables.

Financial Results for Q4 and FY25

Preferential Issue Utilisation

Lorenzini Apparels Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹585.64 lakh compared to a net loss of ₹550.73 lakh in the previous year. Revenue from operations rose to ₹7,274.99 lakh for FY26, up from ₹6,342.04 lakh in FY25, driven by improved operational performance. The company’s total comprehensive income for the year stood at ₹588.73 lakh.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The statutory auditors, M/s Mittal & Associates, Chartered Accountants, issued an unmodified opinion on the financial results. The results were prepared in accordance with the Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015.

For the quarter ended March 31, 2026, the company reported a profit after tax of ₹109.94 lakh, a significant turnaround from the loss of ₹550.73 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹2,575.98 lakh, compared to ₹1,310.25 lakh in the same period last year. Total income for the quarter was ₹2,575.98 lakh.

The company’s earnings per equity share (EPS) for the financial year improved to ₹0.25 from a negative ₹0.38 in the previous year. On a quarterly basis, the basic EPS for Q4FY26 was reported at ₹0.05. The paid-up equity share capital remained unchanged at ₹1,727.37 lakh during the period.

The balance sheet as of March 31, 2026, showed total assets increasing to ₹8,775.38 lakh from ₹7,253.30 lakh in the previous year. Total equity rose to ₹5,203.35 lakh, while current liabilities increased to ₹3,239.44 lakh. The company noted that it does not have more than one reportable segment in terms of Ind AS 108, hence segment-wise reporting is not applicable.