Veejay Lakshmi Engineering Works Limited , a company operating in the engineering and textile sectors, has reported a significant increase in net loss for the half-year ended September 30, 2025. The company's financial performance shows challenges in both its Engineering and Textile divisions.

Financial Highlights

Segment-wise Performance

Key Observations

1. Revenue Growth: Despite challenging market conditions, the company managed to increase its total revenue from operations by 2.39% year-over-year.

2. Reduced Losses: The net loss for H1 FY26 decreased by 39.38% compared to the same period last year, indicating some improvement in overall financial management.

3. Segment Performance:

   • The Textile Division continues to be the major revenue generator, contributing about 79.78% of the total revenue.
   • Both divisions reported losses, with the Textile Division showing a significantly higher loss before interest and tax.

4. Earnings Per Share: The basic earnings per share improved from -6.54 in H1 FY25 to -3.96 in H1 FY26, reflecting the reduction in net loss.

5. Balance Sheet Position: As of September 30, 2025, the company's total assets stood at Rs. 5,785.92 lakhs, with a total equity of Rs. 1,139.04 lakhs.

6. Borrowings: The company's long-term borrowings as of September 30, 2025, were Rs. 2,142.46 lakhs, indicating a significant reliance on debt financing.

The Board of Directors approved these unaudited financial results at their meeting held on November 10, 2025. The statutory auditors, M/s. NRD Associates, issued a limited review report with an unmodified opinion for both standalone and consolidated results.

Veejay Lakshmi Engineering Works Limited continues to face challenges in both its business segments. While the company has managed to reduce its losses compared to the previous year, both the Engineering and Textile divisions remain under pressure. The management may need to focus on cost optimization and operational efficiency to improve profitability in the coming quarters.

Veejay Lakshmi Engineering Works Limited announced the passing of its Non-Executive Chairman, Sri V.J. Jayaraman, on October 17, 2025. The company reported that Jayaraman, aged 83, succumbed to age-related ailments.

Company Leadership

Sri V.J. Jayaraman held a significant position in the company's leadership structure. His passing has resulted in a change in the company's directorate. Jayaraman was related to two other key figures in the company:

Company Details

Veejay Lakshmi Engineering Works Limited is a publicly traded company on the Bombay Stock Exchange (BSE). Here are some key details about the company:

Company Products

Veejay Lakshmi Engineering Works is known for manufacturing various types of machinery. Their product line includes:

• Two For One Twisters
• Rewinding Machines
• Precision Assembly Winders

The passing of Sri V.J. Jayaraman marks a significant change in the company's leadership structure. As the Non-Executive Chairman, Jayaraman played a crucial role in the company's governance. The board and management of Veejay Lakshmi Engineering Works Limited may address the succession plan for this important position in due course.

Investors and stakeholders will likely be watching closely to see how this change in directorate might impact the company's strategic direction and governance in the coming months.