L.T. Elevator Limited Acquires Commercial Land in Howrah for ₹66.21 Lakh

L.T. Elevator Limited has announced the acquisition of commercial land in Howrah district for ₹66.21 lakh, marking a significant step in the company's expansion strategy. The Board of Directors approved this land purchase during their meeting held on December 12, 2025.

Land Acquisition Details

The company has acquired commercial land measuring approximately 274 decimals located at Mouza: Joypur Block: Amta-2, JL No. 71, Police station: Joypur, District: Howrah 711401. The purchase agreement was executed on November 23, 2025, with multiple sellers.

Parameter:	Details
Land Size:	Approximately 274 decimals
Location:	Mouza: Joypur Block: Amta-2, JL No. 71, Howrah 711401
Purchase Price:	₹66,21,000 (Rupees Sixty Six Lacs and Twenty One Thousand only)
Agreement Date:	November 23, 2025
Property Type:	Commercial land

Transaction Parties

The land purchase involves four sellers: Naba Kumar Jati, Mousumi Jati, Sourav Jati, and Papri Jati. The company has confirmed that none of these sellers belong to the promoter, promoter group, or group companies, ensuring the transaction remains independent of related party considerations.

Strategic Significance

According to the company's disclosure, this acquisition aligns with L.T. Elevator Limited's long-term expansion strategy and is expected to strengthen and augment its operational capabilities. The purchase is not part of any Scheme of Arrangement and does not fall within related party transactions.

Regulatory Compliance

The Board meeting, which commenced at 6:30 p.m. (IST) and concluded at 7:15 p.m. (IST), was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details as per SEBI Master Circular dated November 11, 2024.

Compliance Aspect:	Status
Related Party Transaction:	No
Seller Connection to Promoters:	Nil
Part of Scheme of Arrangement:	No
Shareholding in Seller Entity:	Nil

This land acquisition represents L.T. Elevator Limited's commitment to expanding its operational footprint and enhancing its infrastructure capabilities in the elevator manufacturing sector.

L.T. Elevator Limited (BSE: 544518), a leading provider of elevators and automated parking solutions, has announced its unaudited financial results for the first half of the fiscal year 2026 (H1FY26), showcasing remarkable growth across key financial metrics.

Financial Highlights

The company's performance for H1FY26 demonstrates significant year-on-year improvements:

Particulars	H1FY25	H1FY26	Y-o-Y Change
Total Income (₹ Cr)	19.59	46.99	140%
EBITDA (₹ Cr)	2.57	10.01	289%
EBITDA Margins (%)	13.1%	21.3%	818 BPS
PAT (₹ Cr)	1.08	6.45	597%
PAT Margins (%)	6.4%	13.6%	723 BPS

Note: H1FY26 results include consolidated figures post-acquisition, while the year-on-year growth comparison is based on standalone data.

Key Performance Indicators

Revenue Growth: The company's consolidated revenue from operations increased to ₹46.89 crore, up from ₹36.97 crore in the previous period.
Profit Surge: Consolidated profit for the period rose to ₹6.45 crore from ₹7.86 crore previously.
Standalone Performance: On a standalone basis, revenue reached ₹31.87 crore compared to ₹27.32 crore, with a profit of ₹3.95 crore versus ₹5.58 crore in the prior period.
Liquidity Improvement: Cash and cash equivalents significantly improved to ₹20.70 crore from ₹4.27 crore.
Earnings Per Share: Basic earnings per share stood at ₹9.14 for consolidated results and ₹5.60 for standalone results.

Management Commentary

Mr. Yash Gupta, Director of L.T. Elevator Limited, expressed enthusiasm about the company's performance, stating, "We are thrilled to report over 140% revenue expansion and 597% growth in PAT year over year in our first half-year results post successful listing on BSE SME." He attributed the performance to the company's vertically integrated Engineering + O&M model, robust order wins from Indian Railways and other government bodies, and a growing share of high-margin B2G projects.

Business Highlights

Successfully delivered 3 state-of-the-art single-phase home elevators at a prestigious duplex project in Kolkata.
Entered the ₹2000 crore niche B2C home elevator market with innovative solutions.
Expects a strong second half, with margins anticipated to sustain or expand due to an increased share of government and infrastructure contracts.

Market Outlook

With India's elevator and parking markets projected to grow at a 15-20% CAGR through 2030, L.T. Elevator Limited is well-positioned for continued growth. The company's in-house engineering capabilities, full-stack manufacturing, and leadership in automated multi-level parking through its wholly-owned subsidiary LT ParkSmart provide a strong foundation for future expansion.

About L.T. Elevator Limited

Incorporated in August 2008, L.T. Elevator Limited is a leading East India-based manufacturer offering end-to-end elevator solutions and automated parking systems. The company serves real estate developers, hospitals, premium residential projects, and government institutions, including Indian Railways and smart city initiatives, on a turnkey Engineering + O&M basis.

The Board of Directors approved these unaudited financial results at their meeting held on November 11, 2025. The results include the performance of the company's wholly-owned subsidiary, Park Smart Solutions Limited.