Regulatory Filing and Financial Overview
Likhitha Infrastructure Limited (Scrip Code: 543240) submitted its 27th AGM notice and FY 2025-26 Annual Report to exchanges pursuant to SEBI LODR Regulation 34(1). The company reported standalone financial performance showing revenue of ₹456.73 crore (₹45,673.44 lakhs), representing an 11% decrease from FY25's ₹512.22 crore. Net profit declined 42% to ₹40.02 crore (₹4,002.10 lakhs) with EPS of ₹10.14, down from ₹17.58 in the previous year.
Financial Position and Key Metrics
The company maintained a strong balance sheet with zero debt and cash equivalents of ₹70.20 crore (₹7,020.06 lakhs) as of March 31, 2026. Key ratios showed a current ratio improvement to 8.72 from 8.00, while Return on Equity declined to 10% from 20% and Net Profit ratio decreased to 9% from 14%. Inventory turnover reduced to 2.15 from 2.87 due to increased work-in-progress.
Operational and Business Highlights
Likhitha Infrastructure maintained a robust order book exceeding ₹1,454 crore, providing healthy revenue visibility. The company successfully executed several cross-country pipeline projects including Krishnapatnam-Hyderabad Petroleum Products Pipeline and completed over 6,500 km of pipelines across 20 states. Subsequent to year-end, the company secured a major ₹510 crore (USD 54 million) international contract from China Petroleum Engineering & Construction Corporation for Pipeline Package-1 (ASAB) in Abu Dhabi.
Corporate Governance and Ownership Structure
Promoter holding remained stable at 68.38% with G. Srinivasa Rao as the majority shareholder holding 26,975,260 shares (68.38%). The board expanded with appointments of Mr. Chandra Dheerajram and Mrs. Lohitha Gaddipati as Executive Directors effective July 22, 2026. Mrs. Sri Lakshmi Gaddipati retires by rotation and is seeking re-appointment at the AGM. No dividend was recommended for FY 2025-26.
Subsidiaries and Investments
The company maintains investments in Indian subsidiary CPM-Likhitha Consortium (80% investment, value reduced to nil during the year) and foreign subsidiary Likhitha HAQ Arabia Contracting Company (60% equity, registered in Saudi Arabia) with investment value of ₹68.25 lakhs.
Compliance and Forward Outlook
The company spent ₹175.00 lakhs on CSR activities aligned with Schedule VII of Companies Act, 2013. Contingent liabilities stood at ₹120.77 crore, including bank guarantees of ₹114.90 crore and claims not acknowledged as debts of ₹5.87 crore. The 27th AGM is scheduled for September 28, 2026, with e-voting from September 25-27, 2026. The report contains forward-looking statements subject to economic conditions, government policies, and market competition risks.