La Tim Metal & Industries Announces Q1 Results and Key Board Appointments

La Tim Metal & Industries Announces Q1 Results and Key Board Appointments​

La Tim Metal & Industries Ltd has approved its unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. The company also finalized several key board appointments during a recent meeting held on July 31, 2026, including the re-appointment of a senior executive and the induction of a new independent director.

The Board of Directors reviewed and approved the Q1 financial results, as well as the Director’s Report and Management Discussion and Analysis for the year ended March 31, 2026.

Leadership Appointments Confirmed​

Two significant appointments were confirmed during the board meeting:

Re-appointment of Mr. Rahul Maganlal Timbadia:
Mr. Rahul Maganlal Timbadia was re-appointed as Managing Director for a further period of five years from the expiry of his current term. This appointment is set to be effective from August 9, 2026, until August 8, 2031, subject to approval by shareholders at the ensuing Annual General Meeting (AGM). Mr. Timbadia was noted as a promoter of the company and has been associated with the Bombay Iron Merchant association for ten years.

Appointment of Mr. Sandeep Naresh Ohri:
Mr. Sandeep Naresh Ohri was approved for appointment as a Non-Executive and Independent Director on the company’s board, effective July 31, 2026. This position is subject to approval by shareholders at the AGM and carries a term of five years. Mr. Ohri is identified as a Certified Independent Director, Business Strategist, and Business Development professional with over 30 years of experience across various sectors, including Enterprise IT, Defense, and Homeland Security.

Q1 Financial Performance Highlights​

The company reported its unaudited financial results for the quarter ended June 30, 2026. Key financial metrics for both standalone and consolidated figures are detailed below (amounts in lakhs):

Segmental Operations Review​

The company has two reporting segments: Steel & steel products and Real estate development activity. The performance across these segments for the quarter ended June 30, 2026, is as follows:

Consolidated Financial Details​

The financial statement for the quarter ended June 30, 2026, includes figures from both the parent company and its subsidiaries, including La Proviso Buildcon LLP. The consolidated results show Total Comprehensive Income attributable to Owners of the Company at ₹313.03 lakhs.

A summary of key figures (in lakhs) from the financial statements is presented below:

Stock Price Movement​

At 12:48, La Tim Metal & Industries Ltd shares are edging higher, currently trading at ₹10.45, which marks an impressive gain of 8.52%. During the day, the stock experienced notable movement, ranging between a low of ₹9.50 and reaching an intraday high of ₹10.49.