Laxmi Goldorna House Limited Approves FY 2026 Financials, Writes Off Fraud, and Considers Direct Listing
Laxmi Goldorna House Limited announced major updates following its Board of Directors meeting held on May 16, 2026. The board considered and approved the Audited Financial Statements for the Quarter and the year ended March 31, 2026.During the board meeting, the company also took note of a fraud committed by Mr. Jaykumar Patel, the former Chief Financial Officer, through the diversion of funds. The board approved the write-off of the associated fraud amount of Rs. 87,20,193 in the standalone financial statement for the year ended March 31, 2026. Furthermore, the board considered the application for the direct listing of the company's Equity Shares to the BSE.
Financial Performance for Year Ended March 31, 2026
The company released its standalone audited financial results for the quarter and year ended March 31, 2026.Standalone Profit & Loss Highlights (in Rs)
| Particulars | 31.03.2026 (Quarter Ended) | 31.03.2025 (Quarter Ended) | 31.03.2026 (Year Ended) | 31.03.2025 (Year Ended) |
|---|---|---|---|---|
| Total Income (L+2) | 2666.48 | 2420.20 | 10441.48 | 8800.86 |
| Total Expenses | 3234.38 | 2052.61 | 9896.31 | 7415.67 |
| Profit before Tax (5+6) | (567.89) | 367.59 | 545.17 | 1385.25 |
| Profit for the period (7-8) | (616.44) | 309.77 | 438.81 | 1057.58 |
| Total comprehensive income (9+10) | (1015.82) | 442.24 | 562.74 | 1960.40 |
| Earnings per share (Basic) | 0.23 | 0.62 | 0.88 | 5.07 |
Segment Revenue and Results (in Lakhs)
The company operates in two segments: Gold and Jewellery, and Real Estate.| Segment | 31.03.2026 (Quarter) | 31.03.2025 (Quarter) | 31.03.2026 (Year) | 31.03.2025 (Year) |
|---|---|---|---|---|
| Gold and Jewellery Revenue | 2779.15 | 1578.35 | 8339.87 | 6245.43 |
| Real Estate Revenue | 544.67 | 839.36 | 2091.39 | 2536.13 |
| Net Sales /Income from Operation | 2666.48 | 2420.79 | 10441.48 | 8800.85 |
| Total Profit before Tax and Exceptional Items | -567.89 | 367.57 | 545.17 | 1385.25 |
Balance Sheet Summary (as of March 31)
The company's balance sheet figures reveal the total assets and total liabilities:| Particulars | 31.03.2026 (Audited) | 31.03.2025 (Audited) |
|---|---|---|
| TOTAL ASSETS | ||
| Tangible assets | 46.63 | 61.72 |
| Non-current investments | 2,550.16 | 2,001.42 |
| Current assets | 168.03 | 102.49 |
| TOTAL ASSETS | 19,697.30 | 15,955.20 |
| TOTAL EQUITY AND LIABILITIES | ||
| Share capital | 5,009.26 | 2,087.19 |
| Other Equity | 2,057.19 | 4,417.03 |
| Non-current borrowings | 8,937.22 | 7,031.93 |
| Current liabilities | 13,237.75 | 10,870.42 |
| TOTAL | 19,697.30 | 15,955.20 |
Cash Flow Statement (Rs in lacs)
The Statement of Cash Flow for the year ended March 31, 2026, showed significant changes in operating activities:| Activity | Year ending 31.03.2026 (Audited) | Year ending 31.03.2025 (Audited) |
|---|---|---|
| Operating Activities | ||
| Operating Profit before changes in working Capital | 532.62 | 2276.29 |
| Cash generated from Operations | (764.03) | (2010.88) |
| Cash flow from operating activities | (1161.e3) | (2352.st\ |
| Investing Activities | ||
| Cash flow from investing activities | (436.6e) | 343.52 |
| Financing Activities | ||
| Cash flow from financing activities | 1650.28 | 1960.78 |
| Increase in Cash & Cash Equivalent | (48.21) | (s.33) |
| Closing balance of Cash & Cash Equivalent | 25.19 | 73.40 |
The comprehensive data highlights the company's operational structure, detailing revenues from its two segments and providing granular views of its financial position and cash generation over the last two years.
LGHL Stock Price Movement
Laxmi Goldorna House Limited shares slipped by 1.00% on Friday, settling at ₹244.35. Trading for the day concluded with 31,429 shares exchanged.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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