Latest news about L. T. Elevator
L. T. Elevator
245.90
+7.20(+3.02%)
Company Performance:
View Company Insights1D+3.02%
1M+7.08%
6M+25.24%
1Y+72.08%
5Y+72.08%
More news about L. T. Elevator
09May 26
L.T. Elevator Limited Reports Strong FY26 Annual Results; Consolidated Net Profit Rises to ₹1,702.10 Lakhs
L.T. Elevator Limited approved its audited standalone and consolidated financial results for FY26 at a Board meeting held on May 8, 2026. On a standalone basis, revenue from operations grew to ₹7,074.26 lakhs and net profit rose to ₹955.91 lakhs for the year ended March 31, 2026, compared to ₹4,687.78 lakhs and ₹666.01 lakhs respectively in FY25. On a consolidated basis, revenue from operations reached ₹11,134.32 lakhs and net profit stood at ₹1,702.10 lakhs for FY26, against ₹5,652.14 lakhs and ₹894.34 lakhs in FY25. Statutory auditor KSA & Co., Chartered Accountants, issued an unmodified audit report on both sets of financial statements.
13Jan 26
L.T. Elevator Limited Schedules Investor Conference Call on January 19, 2026 to Discuss Ricardo Elevators Acquisition
L.T. Elevator Limited has scheduled an investor conference call for January 19, 2026 at 2:00 PM IST to discuss the recent acquisition of Ricardo Elevators and business outlook. The call, announced in compliance with SEBI regulations, will feature management speakers including Whole Time Director Mr. Yash Gupta and Head of Home Elevator Division Mr. Neeraj Hemnani. Multiple access options including universal dial-in numbers and international toll-free numbers have been provided for broad investor participation.
09Jan 26
L.T. Elevator Limited Announces Strategic Merger with Ricardo Elevators to Enter Premium Home Elevator Market
L.T. Elevator Limited announces proposed merger with Ricardo Elevators Private Limited to enter the premium home elevator market. The combined entity will have an order book of ₹289.00 crores with L.T. Elevator contributing ₹244.00 crores and Ricardo adding ₹45.00 crores. Ricardo brings 2,000+ monthly enquiries, ₹6.00 crore monthly order run-rate, and 18+ experience centers across India. L.T. Elevator is developing a new manufacturing facility with 5x current size and 2.5x capacity, targeting completion in Q4 FY27, with ambitions to capture 15% market share in home elevators by 2030.
09Jan 26
L.T. Elevator Limited Announces Strategic Merger with Ricardo Elevators to Enter Premium Home Elevator Market
L.T. Elevator Limited announced the strategic merger of Ricardo Elevators Private Limited following board approval on January 9, 2026. The transaction involves complete integration of Ricardo's operations, with founder Neeraj Hemnani leading the new Home Elevator Division. Ricardo currently generates ₹6.00 crore in monthly order inflows with a 3-6 month delivery cycle, positioning the combined entity for significant revenue growth through enhanced manufacturing integration and expanded market reach in the premium D2C home elevator segment.
09Jan 26
L.T. Elevator Limited Announces Strategic Merger with Ricardo Elevators to Enter Premium Home Elevator Market
L.T. Elevator Limited announced the strategic merger of Ricardo Elevators Private Limited, approved by the board on January 9, 2026. Ricardo Elevators generates monthly order inflows of ₹6.00 crore with 3-6 month delivery cycles. The merger aims to accelerate entry into the premium D2C home elevator market through enhanced manufacturing integration and expanded market reach. An investor conference call is scheduled for January 19, 2025.
18Dec 25
L.T. Elevator Limited Receives ₹5,900 Penalty for Delayed Related Party Transaction Disclosure
L.T. Elevator Limited disclosed receiving a ₹5,900.00 penalty from BSE Limited for delayed submission of related party transaction disclosures under SEBI regulations. The company received notification on December 16, 2025, regarding the violation of Regulation 23(9) of SEBI (LODR) Regulations 2015. The management has assured that the penalty will not impact the company's financial or operational activities and has committed to strict compliance with all applicable SEBI regulations in the future.
13Dec 25
L.T. Elevator Subsidiary Acquires Commercial Land in Howrah for ₹63.27 Lacs
Park Smart Solutions Limited, a wholly owned subsidiary of L.T. Elevator Limited, has acquired 324.5 decimals of commercial land in Howrah, West Bengal for ₹63.27 lacs. The land is located at Mouza: Joypur Block: Amta-2, JL No. 71, Police station: Joypur, District: Howrah 711401. This acquisition aligns with L.T. Elevator's expansion strategy and is expected to enhance the company's operational capabilities. The transaction was conducted at arm's length, with no connection to promoters or group companies.
12Dec 25
L.T. Elevator Limited Acquires Commercial Land in Howrah for ₹66.21 Lakh
L.T. Elevator Limited has acquired commercial land measuring 274 decimals in Howrah district for ₹66.21 lakh as part of its expansion strategy. The Board approved the purchase on December 12, 2025, with the agreement executed on November 23, 2025. The acquisition involves independent sellers with no promoter group connections and is expected to strengthen the company's operational capabilities.
11Nov 25
L.T. Elevator Limited Reports 140% Revenue Growth in H1FY26
L.T. Elevator Limited announced impressive H1FY26 financial results, showcasing significant growth. Total income increased by 140% to ₹46.99 Cr, EBITDA grew by 289% to ₹10.01 Cr, and PAT surged by 597% to ₹6.45 Cr. The company's EBITDA margin improved to 21.3%, while PAT margin reached 13.6%. L.T. Elevator successfully entered the ₹2000 crore home elevator market and expects continued growth in the second half. The company's performance is attributed to its integrated business model and increased share of high-margin government projects.
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