Lexus Granito Announces Board Approvals and Financial Results for Year Ended March 31, 2026
Lexus Granito (India) Limited announced the outcome of its Board Meeting held on May 30, 2026. During the meeting, the company approved the audited financial results for the quarter and the year ended March 31, 2026. The Board also appointed M/s. Savjani & Associates, a Chartered Accountancy firm in Ahmedabad, as the Internal Auditor for the Financial Year 2026-27.The company also reported the statement of deviations and variations regarding the proceeds of the Preferential Issue of Convertible Warrants for the quarter and year ended March 31, 2026.
Financial Highlights for the Year Ended March 31, 2026
The company reported robust revenue figures for the year. Total Revenue from operations for the year ended March 31, 2026, stood at 7,525.03 Rs. lakhs, compared to 6,187.56 Rs. lakhs for the same period in the previous year.Total Income (Revenue from operations + Other Income) for the full year reached 7,554.20 Rs. lakhs. Total expenses for the period were 8,101.28 Rs. lakhs. Profit for the period (before tax) was 90.04 Rs. lakhs, resulting in a Net Profit of 104.17 Rs. lakhs. The Total Comprehensive Income for the year was 110.41 Rs. lakhs.
Key figures from the financial statements for the quarter and year ended March 31, 2026, are detailed below:
Audited Financial Results (Rs. in Lakhs)
| Particulars | Quarter Ended 31st March, 2026 (Audited) | Year Ended 31st March, 2026 (Audited) |
|---|---|---|
| Revenue from operations | 1,153.59 | 6,187.56 |
| Other Income | 336.04 | 1,250.97 |
| Total Income | 1,489.63 | 7,438.53 |
| Total Expenses | 1,553.45 | 7,348.49 |
| Profit before tax | (63.82) | 90.04 |
| Profit for the period | (65.47) | 104.17 |
| Total Comprehensive Income | (63.62) | 110.41 |
Segment Revenue and Performance
The company reported its segment results, showing total segment revenue of 7,525.03 Rs. lakhs for the year ended March 31, 2026.Segment Results (Rs. in Lakhs)
| Segment | For The Year Ended 31st March, 2026 | For The Year Ended 31st March, 2025 |
|---|---|---|
| India Segment Revenue | 6,056.65 | 6,715.31 |
| Overseas Segment Revenue | 809.72 | 130.91 |
| Total Segment Revenue | 7,525.03 | 7,525.03 |
| Total Profit before Exceptional Items & Tax | 493.66 | (120.76) |
Fund Utilization Details
In relation to the Preferred Issue, the company reported the utilization of funds raised from the allotment of 3,00,000 equity shares pursuant to the conversion of warrants. Of the total issue price, 75% amounting to Rs. 1,01,70,000 was received during the quarter ended March 31, 2026.The statement on deviation or variation showed the following allocation of funds received:
| Original Object | Original Allocation (Amount in Lakh) | Funds Utilised (Amount in Lakh) |
|---|---|---|
| Issue related expenses | 10 | 2.9 |
| Repayment of Unsecured loan | 3200 | 1074 |
| To meet working capital requirement of the Company | 1000 | 200.5 |
Balance Sheet and Cash Flow Overview
The company’s Balance Sheet as at March 31, 2026, reflected Total Assets of 10,921.74 Rs. lakhs, an increase from 12,222.77 Rs. lakhs in the previous year.Comparative Balance Sheet (Rs. in Lakhs)
| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Total Assets | 10,921.74 | 12,222.77 |
| Total Equity | 1,824.11 | 436.29 |
| Total Liabilities | 9,097.63 | 11,786.48 |
The Cash Flow Statement showed that cash generated from operations for the year ended March 31, 2026, was 314.69 Rs. lakhs, a significant improvement from (312.95) Rs. lakhs recorded in the previous year.
Net cash flow from operating activities (Rs. in Lakhs)
| Year Ended March 31 | 2026 | 2025 |
|---|---|---|
| Net cash flow from operating activities | 314.69 | (312.95) |
| Net increase in Cash and cash equivalents | (9.57) | 4.06 |
LEXUS Stock Price Movement
On Friday, shares of Lexus Granito (India) Limited slipped by 3.85% to close at ₹17.77. The equity finished the day with a total traded volume of 155,884 shares.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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