Lakshmi Finance & Industrial Corporation Limited (LFIC) Financial Results — Revenue ₹20,368 Cr

Investor Takeaways

Board recommended Rs. 2.50 dividend per share for FY2026, requiring shareholder approval at the upcoming AGM.

Total equity stood at Rs. 5,723.39 Cr as of March 31, 2026, supporting the dividend recommendation.

Unmodified audit opinion confirmed, validating financial statement accuracy.

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹20,368 Cr	N/A
Net Profit	₹-277.14 Cr	N/A
EPS	Not available
OPM	Not available

What Changed

The filing disclosed revised audited results for FY2026 with an unmodified audit opinion, confirming no material misstatements. Net profit was negative at ₹-277.14 Cr, while total equity reached ₹5,723.39 Cr. The Board recommended a dividend of Rs. 2.50 per share, contingent on shareholder approval at the AGM. Additionally, Dr. D. Nageswara Rao was appointed as non-executive Chairman, and M/s. M. Bhaskara Rao & Co. was appointed as internal auditors for FY2027. Total assets were reported at ₹5,981.79 Cr. The company corrected a prior naming error in the auditor's report but did not alter financial figures. No revenue or profit growth metrics were provided for YoY comparison.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Lakshmi Finance & Industrial Corporation Limited (LFIC)	35.27	N/A	N/A	42.8
HDFC Bank Limited (HDFCBANK)	15.5	14.3%	24.4%	1,18,160.74
ICICI Bank Limited (ICICIBANK)	15.47	N/A	N/A	8,92,242
State Bank of India (SBIN)	10.44	N/A	N/A	8,89,093.09

Lakshmi Finance & Industrial Corporation Limited trades at a significantly higher P/E ratio (35.27) compared to peers (HDFCBANK: 15.5, SBIN: 10.44), indicating market expectations of higher future earnings growth or perceived risk. However, peer ROE and ROCE data were not provided for direct comparison.

Risks & Concerns

Net profit was negative at ₹-277.14 Cr, raising concerns about profitability despite dividend recommendation.

P/E ratio of 35.27 is substantially higher than industry peers (average ~13.8), suggesting potential overvaluation relative to sector fundamentals.

No ROE or ROCE figures were disclosed for Lakshmi Finance, limiting assessment of capital efficiency against peers.

Overall Tone: Cautious

Quarterly Trend

Not available

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About Lakshmi Finance & Industrial Corporation Limited (LFIC)

Financial Services · Finance · Listed on NSE

Market Cap: ₹42.8 Cr P/E: 35.3

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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