LXCHEMLaxmi Organic Industries Ltd.
Laxmi Organic Industries Q2 FY27 Results: Consolidated Net Profit ₹57.01 Crore on Total Income of ₹1,086 Crore
- Earnings
- Chemicals
Reviewed byKeshav SehgalBlacklitt Research
Laxmi Organic Industries said in a filing on 5 Nov 2026 that consolidated total income was ₹1,086.00 crore and net profit was ₹57.01 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹1,057.79 crore and net profit was ₹49.86 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹1,086.00 crore, up 54.3% YoY and 11.8% QoQ
- Net profit and EPS: ₹57.01 crore, up 417.3% YoY and down 15.8% QoQ; basic EPS ₹2.06
- Finance costs: ₹9.83 crore, up 72.5% YoY and 128.6% QoQ
- Tax expense: ₹17.54 crore, up 291.5% YoY; 23.5% of profit before tax
Standalone
The company on its own, without its subsidiaries
- Total income: ₹1,057.79 crore, up 48.9% YoY and 10.1% QoQ
- Net profit and EPS: ₹49.86 crore, up 257.7% YoY and down 21.2% QoQ; basic EPS ₹1.80
- Finance costs: ₹9.73 crore, up 74.1% YoY and 131.7% QoQ
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,086.00 | 703.68 | +54.3% | 971.78 | +11.8% | |
| Revenue from operations | 1,082.73 | 699.75 | +54.7% | 968.34 | +11.8% |
| Other income | 3.27 | 3.93 | -16.8% | 3.44 | -4.9% |
| 57.01 | 11.02 | +417.3% | 67.72 | -15.8% | |
| Finance costs | 9.83 | 5.70 | +72.5% | 4.30 | +128.6% |
| Depreciation | 26.90 | 19.82 | +35.7% | 21.71 | +23.9% |
| Tax expense | 17.54 | 4.48 | +291.5% | 24.04 | -27.0% |
| Net profit margin | 5.25% | 1.57% | +3.68 pp | 6.97% | -1.72 pp |
| Tax as share of profit before tax | 23.5% | 28.9% | -5.38 pp | 26.2% | -2.67 pp |
| EPS, basic (₹) | 2.06 | 0.41 | +402.4% | 2.44 | -15.6% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit rose 417.3% to ₹57.01 crore, faster than total income, which rose 54.3% to ₹1,086.00 crore. Revenue from operations rose 54.7% to ₹1,082.73 crore, while other income fell 16.8% to ₹3.27 crore, which is 0.3% of total income. Basic EPS was ₹2.06 against ₹0.41 a year earlier.
Against the quarter ended 30 Jun 2026, net profit fell 15.8% from ₹67.72 crore while total income rose 11.8%. Finance costs rose 128.6% to ₹9.83 crore from ₹4.30 crore and were 0.9% of total income. Depreciation rose 23.9% to ₹26.90 crore.
Tax expense was ₹17.54 crore against ₹4.48 crore a year earlier, and 23.5% of profit before tax against 28.9%. The company computes income tax at 25.17% from the current financial year under section 200 of the Income-tax Act, 2025. The company says the tax expense is not comparable with the year-earlier periods, primarily due to the change in its tax regime assessment, the utilisation of brought-forward loss and the recognition of MAT credit in FY 2025-26.
Labour Codes impact of ₹3.80 crore was recognised as past service cost in employee benefits expenses for the year ended 31 Mar 2026. The auditors' limited review does not modify their conclusion on the consolidated results for the three subsidiaries reviewed by other auditors and the two subsidiaries not reviewed by their auditors, which are stated to be not material to the Group.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,057.79 | 710.32 | +48.9% | 961.16 | +10.1% | |
| Revenue from operations | 1,054.63 | 706.42 | +49.3% | 957.73 | +10.1% |
| Other income | 3.16 | 3.90 | -19.0% | 3.43 | -7.9% |
| 49.86 | 13.94 | +257.7% | 63.30 | -21.2% | |
| Finance costs | 9.73 | 5.59 | +74.1% | 4.20 | +131.7% |
| Depreciation | 26.51 | 19.43 | +36.4% | 21.33 | +24.3% |
| Tax expense | 16.69 | 2.92 | +470.8% | 21.60 | -22.7% |
| Net profit margin | 4.71% | 1.96% | +2.75 pp | 6.59% | -1.87 pp |
| Tax as share of profit before tax | 25.1% | 15.5% | +9.58 pp | 25.4% | -0.37 pp |
| EPS, basic (₹) | 1.80 | 0.51 | +252.9% | 2.28 | -21.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit rose 257.7% to ₹49.86 crore, faster than total income, which rose 48.9% to ₹1,057.79 crore. Revenue from operations rose 49.3% to ₹1,054.63 crore, while other income fell 19.0% to ₹3.16 crore. Basic EPS was ₹1.80 against ₹0.51 a year earlier.
Against the quarter ended 30 Jun 2026, net profit fell 21.2% from ₹63.30 crore while total income rose 10.1%. Finance costs were ₹9.73 crore, up 131.7% from ₹4.20 crore and 0.9% of total income. Depreciation rose 24.3% to ₹26.51 crore.
Standalone tax expense was ₹16.69 crore, or 25.1% of profit before tax of ₹66.55 crore, against 15.5% a year earlier. The year-earlier standalone tax was ₹2.92 crore, and prior-period figures have been regrouped or reclassified to conform to the current period.
The company reports a single business segment, Chemical Business, under Ind AS 108. The consolidated results include six subsidiaries and two associates. The auditors' limited review of the standalone results found nothing that causes them to believe the statement has not disclosed the information required under Regulation 33.
Inference
Option grantees were allotted 7,03,126 equity shares on 12 Aug 2026, taking the equity shares outstanding to 27,79,14,693 of face value ₹2 each. The company reverted to the old tax regime at 34.94% in the quarter ended 31 Mar 2026, based on the availability of MAT credit that can be carried forward against future tax liabilities.
The Board approved the appointment of Rajesh Naik as an Additional Director and Whole-time Director, designated Executive Director (Operations), with effect from 6 Nov 2026 for five years to 5 Nov 2031, subject to shareholders' approval. Naik currently heads the manufacturing function, and the company says his appointment is meant to strengthen Board-level oversight of manufacturing operations. A postal ballot notice will seek shareholders' approval for Harshvardhan Goenka's appointment and re-designation as Managing Director & Chief Executive Officer, and for Naik's appointment as a director.
What is not known from the filing is the reason for the rise in revenue and finance costs, and the outcome of the postal ballot.
Filed with BSE on . Reference: Original filing (PDF)
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