Lakshmi Mills announced its Q3FY26 quarterly results for the quarter and nine months ended 31.12.2025, alongside several significant corporate developments approved by the Board of Directors at their meeting held on 12.02.2026.

Financial Performance Overview

The company's financial performance showed mixed results across different time periods. For the quarter ended 31.12.2025, the company demonstrated improved operational metrics compared to the corresponding quarter of the previous year.

For the nine-month period, the company faced revenue challenges with total income declining to Rs 17,817.09 lakhs from Rs 19,813.37 lakhs in the corresponding period of the previous year. The nine-month period showed a net loss of Rs 1,746.89 lakhs compared to a loss of Rs 401.56 lakhs in the previous year.

Segment-wise Performance

The company operates through two primary business segments - Textiles and Rental Services. The segment-wise revenue breakdown for Q3FY26 showed:

The Rental Services segment demonstrated consistent profitability with segment results of Rs 509.66 lakhs for Q3FY26, while the Textiles segment reported a profit of Rs 38.70 lakhs compared to a loss of Rs 602.87 lakhs in the corresponding quarter of the previous year.

Major Corporate Approvals

The Board approved several significant decisions that will shape the company's future operations and leadership structure.

Rental Services Project Expansion

The Board approved the third phase of the Rental Services Project with an investment of Rs 91.00 Cr. This expansion aligns with the company's focus on strengthening its rental services segment, which has shown consistent profitability.

Leadership Re-appointments

Two key re-appointments were approved by the Board:

Sri S. Pathy brings over 50 years of experience in the textile industry to his continued leadership role. The re-appointment is subject to shareholder approval.

Operational Highlights

The company's operational performance showed improvement in key areas during Q3FY26. Employee benefits expense increased to Rs 1,097.68 lakhs from Rs 966.28 lakhs in the corresponding quarter, reflecting the company's investment in human resources. Finance costs decreased significantly to Rs 238.02 lakhs from Rs 391.31 lakhs, indicating improved financial management.

The implementation of New Labour Codes effective from 21st November 2025 resulted in a past period employee benefit liability of Rs 22.68 lakhs, which was reported as an exceptional item for the quarter.

Regulatory Compliance

The unaudited financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors. The results have been subjected to limited review by the company's statutory auditors, M/s. Subbachar & Srinivasan, Chartered Accountants, who provided an unmodified opinion on the financial statements.

The Board meeting commenced at 12.00 PM and concluded at 2.15 PM on 12.02.2026, with all decisions being duly approved in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Lakshmi Mills has announced that its Board of Directors will convene on February 11, 2026, to consider and approve the unaudited financial results for the third quarter and nine months ended December 31, 2025. The meeting notification was communicated to BSE Limited on January 9, 2026, in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The upcoming board meeting will focus on reviewing the company's financial performance for the quarter and nine months ended December 31, 2025. The meeting is scheduled to take place on Wednesday, February 11, 2026, where directors will consider and take on record the unaudited financial results along with other business matters.

Trading Window Restrictions

In accordance with regulatory requirements, The Lakshmi Mills Company Limited has implemented a trading window closure for company shares. The trading window remains closed from January 1, 2026, to February 13, 2026, restricting trading activities during this period.

The company has confirmed that the trading window will reopen on February 14, 2026, allowing normal trading operations to resume following the board meeting and results announcement.

Company Information

The Lakshmi Mills Company Limited, established in 1910, operates from its registered office located at Post Box No. 6301, 686, Avanashi Road, Pappanaickenpalayam, Coimbatore - 641 037. The company maintains its corporate identity with CIN: L17111TZ1910PLC000093 and trades on BSE with security code 502958.

Regulatory Compliance

The board meeting notification demonstrates the company's adherence to regulatory frameworks governing listed entities. The announcement was made in compliance with Regulation 29 of the SEBI (LODR) Regulations, 2015, ensuring transparency and timely disclosure to stakeholders and market participants.