In the latest quarter, Lakshmi Finance & Industrial Corporation reported net sales of ₹6.93 crores over the past six months, which shows a contraction of 40.1% relative to previous periods. This decline in sales volume is accompanied by a substantial change in profitability indicators. The profit before tax excluding other income (PBT less OI) for the quarter stood at a loss of ₹1.68 crores, marking a fall of 679.3% against the average of the preceding four quarters. Similarly, the profit after tax (PAT) recorded a loss of ₹1.24 crores, reflecting a 295.3% fall compared to the previous four-quarter average.
Operating cash flow for the year has also been under pressure, registering a negative ₹3.29 crores, which is the lowest level observed in recent periods. These figures collectively contribute to a revised financial trend score that has shifted from negative to very negative, with the score dropping to -21 from -6 over the last three months. This adjustment in evaluation highlights the increasing challenges faced by the company in maintaining its financial health.
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From a market perspective, Lakshmi Finance & Industrial Corporation’s stock price closed at ₹198.64, slightly down by 0.44% from the previous close of ₹199.52 on the day of reporting. The stock’s 52-week trading range spans from ₹153.80 to ₹263.00, indicating considerable volatility over the past year. When compared to the broader Sensex index, the stock’s returns have diverged notably. Year-to-date, the stock has recorded a negative return of 15.64%, contrasting with the Sensex’s positive return of 9.58%. Over the one-year horizon, the stock’s return stands at -15.58%, while the Sensex has gained 10.47% in the same period.
However, the longer-term performance of Lakshmi Finance & Industrial Corporation presents a different picture. Over three years, the stock has delivered a cumulative return of 94.46%, more than double the Sensex’s 41.53% return. Extending the horizon to five and ten years, the stock’s cumulative returns reach 232.73% and 475.77%, respectively, significantly outpacing the Sensex’s 100.26% and 235.11% gains. This contrast between short-term challenges and long-term growth underscores the evolving nature of the company’s financial trajectory.
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In summary, Lakshmi Finance & Industrial Corporation’s recent quarterly results indicate a marked shift in its financial trend, with key metrics such as net sales, profitability, and operating cash flow reflecting a more challenging environment than in prior periods. While short-term returns have lagged behind the broader market, the company’s long-term performance remains robust relative to the Sensex benchmark. Investors analysing this NBFC should consider these contrasting trends alongside sector dynamics and broader economic conditions when evaluating the company’s outlook.
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