Lohia Corp Limited saw its institutional ownership shift as Kotak Mahindra Mutual Fund (KMMF) crossed the 5% threshold in the company's equity share capital. The asset manager acquired additional shares through open market transactions, bringing its total holding to 5.2883% as of October 9, 2026.

The disclosure was filed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. KMMF, acting through its various schemes, moved from a pre-acquisition holding of 4.9693% to the current level by purchasing 337,058 equity shares.

Acquisition details

The mutual fund did not belong to the promoter or promoter group at the time of acquisition. The transaction was executed on the open market, with the shares carrying voting rights. The total diluted share capital of Lohia Corp remained unchanged at 10,56,50,000 equity shares of ₹1 each before and after the acquisition.

What the numbers show

The incremental purchase of 337,058 shares represents a 0.319% increase in KMMF's stake relative to the total voting capital. This marginal addition was sufficient to push the aggregate holding from just below the regulatory threshold to 5.2883%. The consistency in the total diluted share capital indicates no new issuance occurred during this period, meaning the change in percentage is purely driven by secondary market accumulation rather than dilution or expansion of the company's base.

Lohia Corp Limited reported a 73.8% increase in standalone net profit to ₹2,061.84 million for FY26, driven by strong operational performance and margin expansion.

The company’s revenue from operations grew 26.4% to ₹16,553.31 million compared to ₹13,101.04 million in the previous year. EBITDA rose significantly by 60.1% to ₹3,524.42 million, reflecting improved cost optimisation and value creation across its businesses.

Financial Performance Highlights

The standalone financial statements reveal a robust year-on-year improvement across key metrics. The following table summarises the standalone performance for FY26:

On a consolidated basis, revenue increased 24.7% to ₹17,169.95 million, while consolidated PAT rose 64.1% to ₹1,934.53 million. The company declared an interim dividend of ₹1.50 per share for FY26.

What the Numbers Show

A notable divergence exists between the growth rates of revenue and profitability. While revenue grew by 26.4%, EBITDA expanded by 60.1%, indicating significant operating leverage and margin improvement. The EBITDA margin expanded by approximately 438 basis points to 21.02%, suggesting that the company effectively managed input costs or achieved better pricing power despite global uncertainties. Additionally, the Return on Capital Employed (ROCE) improved substantially to 43.00% from 30.00% in the previous year, highlighting enhanced capital efficiency.

Strategic Developments and IPO Progress

During the year, Lohia Corp filed its Draft Red Herring Prospectus (DRHP) with SEBI for its maiden Initial Public Offering (IPO). The company received SEBI’s final observation letter in December 2025 and intends to proceed with the listing subject to market conditions. This step aims to strengthen the institutional framework and support future growth.

The company also focused on expanding its product portfolio by launching recycling machines for post-consumer plastics at K-2025, reinforcing its commitment to the circular economy. With manufacturing facilities in India, USA, and Italy, and a presence in over 100 countries, Lohia continues to leverage its global footprint to serve diverse industries including agriculture, construction, and packaging.