Financial Results for Q2 and H1 FY27
The Board approved the standalone unaudited financial results for the quarter and half year ended September 30, 2026:
Quarter Ended September 30, 2026 (Q2 FY27):
- Revenue from Operations (Net of GST): ₹6,037.06 lakh (compared to ₹5,043.03 lakh in Q2 FY26)
- Other Income: ₹20.26 lakh
- Total Income: ₹6,057.32 lakh
- Profit Before Tax: ₹174.18 lakh (compared to ₹89.39 lakh in Q2 FY26)
- Tax Expense: ₹43.54 lakh (Deferred Tax)
- Net Profit: ₹130.64 lakh (compared to ₹62.62 lakh in Q2 FY26)
- Basic EPS: ₹0.60 (compared to ₹0.31 in Q2 FY26)
- Diluted EPS: ₹0.60
Half Year Ended September 30, 2026 (H1 FY27):
- Revenue from Operations: ₹11,582.80 lakh (compared to ₹9,847.74 lakh in H1 FY26)
- Other Income: ₹51.92 lakh
- Total Income: ₹11,634.72 lakh
- Profit Before Tax: ₹315.50 lakh (compared to ₹161.24 lakh in H1 FY26)
- Tax Expense: ₹78.87 lakh (Deferred Tax) + ₹4.98 lakh (Income Tax relating to Earlier Years)
- Net Profit: ₹231.65 lakh (compared to ₹108.17 lakh in H1 FY26)
- Basic EPS: ₹1.09 (compared to ₹0.54 in H1 FY26)
- Diluted EPS: ₹1.09
Segment-wise Performance (Q2 FY27):
- Machinery Division Revenue: ₹4,753.34 lakh with Profit before Interest & Tax of ₹648.96 lakh
- Components Division Revenue: ₹1,303.98 lakh with Profit before Interest & Tax of ₹192.09 lakh
Balance Sheet Position as of September 30, 2026:
- Total Assets: ₹57,196.05 lakh (compared to ₹49,589.19 lakh as of March 31, 2026)
- Total Equity: ₹27,367.46 lakh
- Non-Current Liabilities: ₹9,802.55 lakh
- Current Liabilities: ₹20,026.04 lakh
- Inventories: ₹21,125.23 lakh
- Trade Receivables: ₹8,689.40 lakh
Management Changes and Appointments
1. Re-designation of Mr. Mullapudi Lokeswara Rao (DIN: 00989447) from Managing Director to Whole-Time Director, subject to shareholder approval at ensuing Postal Ballot. Recommended term: 3 years from December 21, 2026 to December 20, 2029.
2. Re-designation and appointment of Mr. Mullapudi Srinivas (DIN: 00917565) from Whole-Time Director to Managing Director, subject to shareholder approval at ensuing Postal Ballot. Recommended term: 3 years from December 21, 2026 to December 20, 2029.
3. Resignation of Mr. Pusuluru Kodanda Rami Reddy as Company Secretary and Compliance Officer. The company relieved him effective closing of business hours on October 10, 2026.
4. Appointment of Mr. Mohit Yadav as Company Secretary, Compliance Officer and Key Managerial Personnel effective November 13, 2026. Mr. Yadav is an Associate member of ICSI (Membership No: A80660) with over 2 years of professional experience.
Corporate Actions
- Postal Ballot: Board approved notice for Postal Ballot through Video Conferencing/Other Audio Visual Means (OAVM)
- Scrutinizer Appointment: Mr. L.D. Reddy, PCS, Hyderabad (Membership No. 13104, CP No. 3752) appointed as Scrutinizer for the Postal Ballot
- Cut-off date: E-voting cut-off date set for November 13, 2026
Capital Structure Update
During the quarter ended September 30, 2026, the Share Allotment Committee converted 5,00,000 warrants into equity shares belonging to non-promoters. Consequently, paid-up equity share capital increased to 2,17,96,770 equity shares. As of November 12, 2026, 22,77,919 warrants remain pending for conversion.
Regulatory Update
The United States Department of the Treasury's Office of Foreign Assets Control (OFAC) removed Lokesh Machines Limited from its Specially Designated Nationals and Blocked Persons (SDN) List on June 30, 2026 (following initial designation on October 30, 2024). With this removal, all restrictive proceedings have concluded, and the company is fully authorized to resume foreign currency transactions and financial normalization supporting international trade and export operations.
Auditor Review
The financial results were reviewed by the Audit Committee and approved by the Board. Statutory auditors (Brahmayya & Co.) carried out limited review and issued an unmodified limited review report. The financial results have been prepared in accordance with Indian Accounting Standards and compliance with Regulation 33 of SEBI Listing Regulations.
Meeting Details
The Board meeting commenced at 11:00 AM IST and concluded at 01:15 PM IST on November 12, 2026.