Linc Limited Posts 38.7% Surge in Q2 Profit, Revenue Edges Up

Linc Limited , a prominent player in the writing instruments and stationery segment, has reported a significant increase in profit for the quarter ended September 30, 2025. The company's financial performance shows robust growth in profitability despite modest revenue gains.

Key Financial Highlights

Profit After Tax: Rose to Rs 1,016.39 lakhs, up 38.7% from Rs 732.75 lakhs in the previous quarter.
Revenue from Operations: Increased marginally to Rs 13,563.05 lakhs from Rs 13,430.40 lakhs in the previous quarter.
Half-Year Performance: Profit reached Rs 1,749.14 lakhs, compared to Rs 1,714.75 lakhs in the corresponding period.
Earnings Per Share: Basic EPS stood at Rs 6.81 for the quarter.

Financial Performance Breakdown

The company's financial results for Q2 and H1 FY2026 are summarized in the following table:

Particulars (Rs. in Lakhs)	Q2 FY2026	Q1 FY2026	Q2 FY2025	H1 FY2026	H1 FY2025
Revenue from Operations	13,563.05	13,430.40	13,464.37	26,993.45	26,239.67
Total Income	13,799.91	13,557.07	13,466.82	27,356.98	26,380.31
Total Expenses	12,450.57	12,572.43	12,285.97	25,023.00	24,073.95
Profit Before Tax	1,349.34	984.64	1,180.85	2,333.98	2,306.36
Profit After Tax	1,016.39	732.75	877.81	1,749.14	1,714.75

Operational Insights

Linc Limited has demonstrated strong cost management, with total expenses decreasing quarter-on-quarter despite a slight increase in revenue. This efficient cost control has contributed significantly to the profit surge.

The company's performance in the writing instruments and stationery segment remains robust, maintaining its position in the market. The marginal increase in revenue suggests steady demand for Linc's products.

Board Approval and Regulatory Compliance

The Board of Directors approved these unaudited financial results at their meeting held on November 8, 2025. The results have been subject to limited review by the statutory auditors as required under SEBI regulations.

Market Position and Future Outlook

Linc Limited continues to operate in a single reportable segment of writing instruments and stationery. The company's strong profit growth despite modest revenue increase indicates improved operational efficiency and potentially favorable market conditions.

As the company moves forward, its focus on maintaining profitability while seeking growth opportunities may be key to its future performance in the competitive stationery market.

Investors and market observers will likely keep a close watch on Linc Limited's performance in the coming quarters, particularly its ability to sustain this profit growth and potentially accelerate revenue expansion.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.91%	-7.08%	-3.84%	+5.29%	-25.38%	+209.04%

Linc Limited has announced significant modifications to its joint venture agreement with Morris Co. Ltd for their joint venture company, Morris Linc Private Limited. The changes, effective from November 4, 2025, include an expansion of the product portfolio and a restructuring of the board composition.

Key Modifications

The revised agreement introduces several important changes:

Aspect	Original Agreement	Revised Agreement
Product Portfolio	Anti-ink Dry Marker, Twist Colour Pencil	Expanded to include Water colour, Permanent White Board Marker, and other items
Board Composition	2 directors each from Linc and Morris	2 directors from Linc, 1 director from Morris
Reserve Matters	Included	Deleted

Expanded Product Line

The joint venture's product portfolio has been significantly expanded. In addition to the existing products - Anti-ink Dry Marker with automatic air-tight sealing mechanism and Twist Colour Pencil - the following new products have been added:

Water colour
Permanent White Board Marker
Inks for Highlighter
White Board Marker

This expansion suggests a strategic move to diversify the joint venture's offerings and potentially capture a larger market share in the writing instruments and art supplies sector.

Board Restructuring

The revised agreement also brings about a change in the board composition of Morris Linc Private Limited. Previously, both Linc Limited and Morris Co. Ltd had the right to appoint two directors each. Under the new terms, Linc will retain the right to appoint two directors, while Morris's representation will be reduced to one director.

Removal of Reserve Matters

Another significant change is the deletion of the Reserve Matters mentioned in the original joint venture agreement. While the specifics of these Reserve Matters are not disclosed, their removal could potentially streamline decision-making processes within the joint venture.

Investor Conference Call

In related news, Linc Limited has scheduled a group conference call with analysts and investors on November 10, 2025, to discuss the financial results for the quarter and half-year ended September 30, 2025. This call may provide further insights into the company's performance and the potential impact of the joint venture modifications.

The modifications to the joint venture agreement appear to strengthen Linc Limited's position within the partnership while expanding the scope of their collaborative efforts. As these changes take effect, stakeholders will be keen to observe how they influence the joint venture's market presence and financial performance in the coming quarters.