Lahoti overseas has received a credit rating upgrade from ICRA Limited, as communicated to BSE Limited under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulation, 2015. The rating agency has reaffirmed and enhanced the company's credit ratings across multiple banking facilities.

Credit Rating Details

ICRA Limited has taken comprehensive rating actions for Lahoti Overseas' banking instruments, covering both fund-based and non-fund-based facilities:

Banking Partner Distribution

The rated facilities are distributed across multiple banking partners, demonstrating the company's diversified funding approach:

Rating Significance

The [ICRA]BBB(Stable) rating indicates adequate credit quality with moderate credit risk, while the stable outlook suggests that the rating is unlikely to change in the near term. The [ICRA]A3+ short-term rating reflects adequate liquidity position and moderate safety for timely payment of short-term debt obligations.

Regulatory Compliance

The rating communication, dated February 25, 2026, was formally submitted to BSE Limited on February 26, 2026, by Managing Director Umesh Lahoti. All rating assignments became effective from February 20, 2026, and will be due for surveillance within one year from the rating communication date.

ICRA Limited has reserved the right to review and revise the ratings based on new information or circumstances that could impact the company's credit profile. The rating agency has also requested immediate notification of any defaults, delays in repayment, or significant developments that could affect the company's debt servicing capability.

Lahoti Overseas Limited has delivered strong profitability performance in Q3FY26, reporting a significant 45.9% year-on-year growth in net profit despite facing revenue headwinds. The company's unaudited financial results for the quarter ended December 31, 2025, demonstrate resilient operational efficiency amid challenging market conditions.

Financial Performance Overview

The company's financial metrics for Q3FY26 present a mixed picture of growth and challenges:

The company achieved net profit of ₹437.33 lakhs in Q3FY26, marking a substantial improvement from the previous quarter's ₹667.69 lakhs. Total revenue from operations declined to ₹9,939.98 lakhs compared to ₹10,967.22 lakhs in Q3FY25, reflecting challenging market conditions.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Lahoti Overseas demonstrated strong year-to-date performance:

The nine-month results show net profit of ₹1,265.58 lakhs, representing a robust 43.5% increase compared to ₹881.95 lakhs in the corresponding period of the previous year.

Segment-wise Revenue Breakdown

The company operates through two primary business segments with distinct performance patterns:

The Export/Trading Division remains the primary revenue driver, contributing ₹9,877.27 lakhs or 99.4% of total segment revenue. The Power Division generated ₹36.07 lakhs during the quarter.

Consolidated Results

The consolidated financial results, including subsidiaries G Varadan Limited and Innovative Spintex Private Limited, showed similar trends:

The consolidated results reflect net profit of ₹431.86 lakhs on total revenue of ₹9,987.43 lakhs for Q3FY26.

Corporate Governance and Compliance

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by P C Ghadiali and Co LLP, the company's statutory auditors. The Audit Committee reviewed the results in its meeting held on February 13, 2026, followed by Board approval on the same date.

Regulatory Compliance Update

Pursuant to Regulation 47 of SEBI Listing Regulations, the company has submitted newspaper publications of its Q3FY26 unaudited financial results to BSE Limited on February 16, 2026. The results were published in Financial Express and Mumbai Lakshdeep newspapers on February 15, 2026, ensuring full compliance with disclosure requirements.

The company maintains transparency through regular disclosure on its website www.lahotioverseas.in and compliance with SEBI Listing Regulations.