Lokesh Machines Reports Q3 Results and Confirms Conclusion of Sanctions Proceedings

Lokesh Machines Reports Q3 Results and Confirms Conclusion of Sanctions Proceedings​

Lokesh Machines Limited reported its standalone un-audited financial results for the quarter ended June 30, 2026. The company's Board of Directors considered and approved these results during a meeting held on August 12, 2026.

The results reflect continued operations across the company's divisions. For the quarter ending June 30, 2026, total income stood at 5,577.40 lakhs, driven by Revenue from Operations (Net of GST) of 5,545.74 lakhs and Other Income of 31.66 lakhs. Total expenses for the quarter were reported as 5,436.08 lakhs, resulting in a profit before tax of 141.32 lakhs. The Net Profit for the Period was recorded at 101.01 lakhs, yielding a Basic and Diluted Earnings Per Share (EPS) of 0.49 per share.

The company's full financial year ended March 31, 2026, saw total income reach 20,961.72 lakhs against Revenue from Operations of 20,856.43 lakhs. With Total Expenses at 20,430.82 lakhs, the Net Profit for the Year was reported at 386.15 lakhs, equating to an EPS of 1.95 per share.

Segment Performance and Capital Employed​

The company maintains two main segments: Machinery Division and Components Division. The following table details the financial performance metrics for both divisions across the recent periods:

Corporate Governance and Key Updates​

During the board meeting on August 12, 2026, the directors reviewed the standalone un-audited financial results for Q3 FY26 and received the Limited Review Report from Statutory Auditors. The Board also approved the Directors Report for the financial year ended March 31, 2026.

The company confirmed that its upcoming 42nd Annual General Meeting (AGM) will be held on September 22, 2026, via Video Conferencing/Other Audio Visual Means (OAVM). The cut-off date for e-voting for the AGM is set as September 15, 2026. Furthermore, Mr. L.D. Reddy, PCS, has been appointed as the Scrutinizer for the AGM.

In terms of equity restructuring, the company had previously issued and allotted 13,00,000 Equity Shares and 27,77,919 Warrants of Rs 10/- each at a premium of Rs. 171.71/-, both to Promoters and Non-promoters. On July 11, 2026, the Share Allotment Committee converted 5,00,000 warrants into equity shares belonging to Non-promoters, increasing paid-up equity share capital to 2,17,96,770 equity shares. Currently, 22,77,919 Warrants remain pending.

Conclusion of OFAC Designation Proceedings​

The company provided a detailed update regarding its designation status by the Office of Foreign Assets Control (OFAC). The company was designated on October 30, 2024, under executive order 14024, citing allegations related to exporting machinery to entities in Russia. The company strongly contested this designation and engaged a US-based law firm for resolution.

Following engagement with OFAC through questionnaires (the First Questionnaire sent June 6, 2025, and the Second Questionnaire on September 23, 2025), OFAC delisted Lokesh Machines Limited from the Sanctions list via a letter dated June 30, 2026. The Ministry of External Affairs, Government of India, confirmed this outcome in its letter dated July 8, 2026. Accordingly, all property and interests that had been blocked solely due to the designation are now unblocked, concluding the proceedings related to the company's designation.

LOKESHMACH Stock Price Movement​

As of 3:24 PM, shares are shedding value as the stock slips 1.60% in live trading, currently valued at ₹348.35 after dropping ₹5.65. This movement keeps the equity firmly within its established intraday range, which spans from a low of ₹346.95 to a high of ₹361.05.