Laxmi Organic Industries Redeems ₹50 Crore Commercial Paper on Schedule
Laxmi Organic Industries Limited has redeemed its Commercial Paper worth ₹50 crores on August 7, 2025. The CP, issued on May 9, 2025, in favor of ICICI Bank Limited, was repaid on the scheduled maturity date. The company also allotted 81,368 equity shares under its ESOP-2020 plan, increasing its share capital. Upcoming analyst and investor meetings are scheduled for August 14, 2025, in Mumbai. The company confirmed no deviation in the utilization of QIP proceeds as per the latest Monitoring Agency Report.
Laxmi Organic Industries Limited reported a 4% year-on-year revenue decline to Rs 1,828.00 million in Q1, despite 8% volume growth. The Essentials segment grew 4% with 11% volume growth, offset by a 7% price decline. The Specialties segment declined 18%. EBITDA margins were 2% for Essentials and 16% for Specialties. PAT was Rs 214.00 million with a 3.10% margin. The company invested in supply chain digitization and Lote operations, with the Dahej project on track. Strategic initiatives include new leadership appointments and an LOI with Hitachi Energy for SF6 replacement production.
Laxmi Organic Industries anticipates Q2 FY26 performance to match or exceed Q1. The specialty chemicals division is expected to perform strongly in H2 FY26 due to delayed deliveries. The company has withheld full-year guidance for FY26. An Investor & Analyst Meet was held on July 29, 2025, to discuss Q1 FY26 performance, with the recording made public.
Laxmi Organic Industries reported a 4% decrease in revenue to ₹6,929.00 crore and a 38% decline in net profit to ₹214.00 crore in Q1. The Essentials segment saw 4% revenue growth, while the Specialties segment experienced an 18% revenue decline. Despite challenges, total volumes grew by 8% year-over-year. The company remains focused on productivity, commercial excellence, and growth projects, including the ramp-up of fluorination products and the on-schedule Dahej project.
30Jun 25
Laxmi Organics Faces Potential Impact from Anti-Dumping Probe on Methyl Acetoacetate Imports
The Indian government has initiated an anti-dumping investigation into Methyl Acetoacetate imports from Switzerland. This move could potentially impact Laxmi Organic Industries Ltd, a key player in the specialty chemicals sector. The investigation aims to determine if the chemical is being imported at unfairly low prices, which could harm domestic manufacturers. If dumping is confirmed, it may lead to anti-dumping duties on Swiss imports, potentially leveling the playing field for domestic producers like Laxmi Organic Industries. The outcome could influence pricing and supply dynamics in the Indian Methyl Acetoacetate market, affecting Laxmi Organic's operations and profitability.
20May 25
Laxmi Organic Industries Reports Decline in Q4 Financial Performance
Laxmi Organic Industries' Q4 results show a substantial downturn across key financial metrics. Net profit dropped by 50.89% to ₹217.60 crore, while revenue decreased by 10.35% to ₹7,100.00 crore compared to the same period last year. EBITDA fell by 34.44% to ₹590.00 crore, and the EBITDA margin contracted by 3.05 percentage points to 8.31%. The company faces challenges in maintaining profitability and revenue growth.
07May 25
Laxmi Organics Industries Secures New Factory License for Dahej Facility
Laxmi Organics Industries has obtained a fresh factory license for its synthetic organic chemicals manufacturing facility in Dahej, Gujarat. This license allows the company to commence production operations, potentially expanding its capacity and strengthening its market position in the specialty chemicals sector. The new facility in Dahej, a prominent industrial hub, is expected to enhance the company's ability to meet market demand and possibly expand its product offerings.