Lorenzini Apparels returns to profitability in FY26

1 min read     Updated on 30 May 2026, 10:04 AM
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Naman SScanX News Team
AI Summary

Lorenzini Apparels Limited returned to profitability in FY26 with a net profit of ₹585.64 lakh, compared to a net loss of ₹550.73 lakh in the previous year. Revenue from operations increased to ₹7,274.99 lakh from ₹6,342.04 lakh, driven by improved operational performance. The Board approved the audited results on May 28, 2026, with an unmodified opinion from statutory auditors M/s Mittal & Associates.

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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.

Financial Metrics (₹ in Lakh) Year Ended March 31, 2026 Year Ended March 31, 2025
Revenue from Operations 7,274.99 6,342.04
Total Income 7,274.99 6,342.04
Total Expenses 6,689.35 6,892.77
Profit for the Period 585.64 (550.73)
Total Comprehensive Income 588.73 588.73
Basic EPS (₹) 0.25 (0.38)

Historical Stock Returns for Lorenzini Apparels

1 Day5 Days1 Month6 Months1 Year5 Years
-2.00%+6.67%+0.41%-19.74%-41.35%-6.00%

What specific operational strategies drove the significant revenue growth and return to profitability?

Can the company sustain this profit growth trajectory into the next financial year given the competitive apparel market?

How will the increase in current liabilities impact the company's liquidity and working capital management?

Lorenzini Apparels Appoints Mrs. Neha Singhal as Company Secretary and Compliance Officer

1 min read     Updated on 14 May 2026, 08:40 AM
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AI Summary

Lorenzini Apparels Limited appointed Mrs. Neha Singhal (A40318) as Company Secretary and Compliance Officer effective May 12, 2026, replacing Ankush Mittal. A qualified Company Secretary and B. Com graduate with over 05 years of secretarial and compliance experience, she will oversee all functions under the Companies Act, 2013, and SEBI LODR Regulations, 2015. The disclosure was signed by Managing Director Sandeep Jain (DIN: 02365790) under Regulation 30 of SEBI LODR.

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Lorenzini Apparels Limited has announced the appointment of Mrs. Neha Singhal (A40318) as Company Secretary and Compliance Officer of the company. The appointment was approved by the Board of Directors at its meeting held on Tuesday, May 12, 2026, and was disclosed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the said regulation.

Key Appointment Details

The disclosure was made in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026. Mrs. Neha Singhal steps into the role previously held by Ankush Mittal. The following table summarizes the key details of the appointment as disclosed by the company:

Parameter: Details
Name: Mrs. Neha Singhal
Membership Number: A40318
Designation: Company Secretary and Compliance Officer
Date of Appointment: May 12, 2026
Replacing: Ankush Mittal
Qualification: Qualified Company Secretary and B. Com Graduate
Experience: More than 05 years in secretarial and compliance functions

Roles and Responsibilities

As Company Secretary and Compliance Officer, Mrs. Neha Singhal will be responsible for all functions prescribed under the provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in addition to other duties as assigned by the Board of the Company from time to time.

About the Disclosure

The disclosure was signed by Sandeep Jain, Managing Director (DIN: 02365790), on behalf of Lorenzini Apparels Limited. The company, which holds an ISO 9001:2015 certification, is incorporated under CIN L17120DL2007PLC163192. No relationship between Mrs. Neha Singhal and any existing director of the company has been disclosed.

Historical Stock Returns for Lorenzini Apparels

1 Day5 Days1 Month6 Months1 Year5 Years
-2.00%+6.67%+0.41%-19.74%-41.35%-6.00%

How might Mrs. Neha Singhal's appointment impact Lorenzini Apparels' upcoming regulatory filings and compliance timelines, particularly given the mid-year transition?

What strategic governance changes or corporate actions could Lorenzini Apparels be planning that may have prompted a leadership change in the compliance function at this point in 2026?

How will the transition from Ankush Mittal to Mrs. Neha Singhal affect Lorenzini Apparels' ongoing or pending SEBI disclosures and any open regulatory matters?

More News on Lorenzini Apparels

1 Year Returns:-41.35%