LS Industries turns Q2 profit as operating revenue triples

LS Industries Limited returned to a standalone profit of Rs 46.906 lakh in the quarter ended 30 September 2026, from a Rs 20.457 lakh loss a year earlier, after revenue from operations rose to Rs 3.36398 crore from Rs 1.17971 crore. The company reported no tax expense or exceptional item in the September quarter.

What did LS Industries report for the September 2026 quarter?

LS Industries reported a profit after tax of Rs 46.906 lakh for the three months ended 30 September 2026, compared with a loss after tax of Rs 20.457 lakh in the corresponding quarter ended 30 September 2025. Profit before tax was also Rs 46.906 lakh because the standalone statement recorded no current or deferred tax expense for either quarter.

Total income increased to Rs 3.90041 crore in the September 2026 quarter from Rs 1.69811 crore a year earlier. Revenue from operations accounted for most of that increase, rising by Rs 2.18427 crore, while other income increased by Rs 1.803 lakh to Rs 53.643 lakh from Rs 51.840 lakh.

The results were approved by LS Industries’ board on 14 November 2026 after review by its audit committee. The statutory auditor issued an unmodified limited-review report on the unaudited standalone financial results for the quarter and half year ended 30 September 2026; the report states that a review is narrower in scope than an audit.

How did LS Industries revenue and expenses change year on year?

LS Industries increased revenue from operations by about 185% year on year, taking it to Rs 3.36398 crore in the September 2026 quarter from Rs 1.17971 crore in the prior-year quarter. This means operating revenue was nearly three times the level reported for the corresponding three months of 2025, whereas other income changed only modestly.

Total expenses rose to Rs 3.43135 crore from Rs 1.90267 crore, an increase of Rs 1.52868 crore. The increase in total expenses was lower than the Rs 2.20230 crore rise in total income, changing the gap between income and expenses from a Rs 20.457 lakh deficit in the earlier quarter to a Rs 46.906 lakh surplus.

LS Industries reported purchases of stock-in-trade of Rs 2.63422 crore in the September 2026 quarter. Employee-benefit expense was Rs 13.793 lakh, finance costs were Rs 7.104 lakh, depreciation and amortisation expense was Rs 1.311 lakh, and other expenses were Rs 57.504 lakh.

Why did LS Industries move from loss to profit?

LS Industries moved from loss to profit because total income of Rs 3.90041 crore exceeded total expenses of Rs 3.43135 crore by Rs 46.906 lakh in the September 2026 quarter. In the corresponding quarter of 2025, total income of Rs 1.69811 crore was below total expenses of Rs 1.90267 crore by Rs 20.457 lakh.

The year-on-year result did not include an exceptional item in either September quarter. The September 2026 result therefore reflects the reported difference between income and expenses before tax, with no tax charge recorded, rather than a separately disclosed exceptional gain or loss in that quarter.

The sequential comparison is different because LS Industries reported a profit of Rs 1.33767 crore for the preceding quarter ended 30 June 2026. That June-quarter figure included Rs 1.3104 crore of exceptional items, while profit before exceptional items was Rs 2.723 lakh; the September-quarter profit of Rs 46.906 lakh was recorded without an exceptional item.

What does LS Industries’ half-year result show?

LS Industries reported a profit after tax of Rs 1.80673 crore for the half year ended 30 September 2026, compared with a loss after tax of Rs 43.079 lakh for the corresponding half year ended 30 September 2025. The 2026 half-year result included the Rs 1.3104 crore exceptional item recognised in the quarter ended 30 June 2026.

Revenue from operations for the half year was Rs 6.3369 crore, compared with Rs 1.7971 crore in the corresponding prior-year period. Total income rose to Rs 5.75673 crore from Rs 2.20811 crore, while total expenses increased to Rs 5.26044 crore from Rs 2.63890 crore.

Basic earnings per share for the half year were Rs 0.021, compared with a loss per share of Rs 0.005 in the corresponding half year of 2025. LS Industries reported equity share capital of Rs 84.88187 crore at 30 September 2026, unchanged from the balance-sheet date of 31 March 2026.

What does LS Industries’ September balance sheet show?

LS Industries reported total assets of Rs 48.35223 crore at 30 September 2026, compared with Rs 45.61646 crore at 31 March 2026. Total equity increased to Rs 41.29609 crore from Rs 39.48936 crore over the same period, while equity share capital remained Rs 84.88187 crore.

Other equity remained negative at Rs 43.58578 crore at 30 September 2026, although this was less negative than Rs 45.39251 crore at 31 March 2026. The change of Rs 1.80673 crore corresponds to the reported standalone half-year profit, with no movement reported in equity share capital during the period.

Non-current loans were Rs 24.115 crore at both 30 September 2026 and 31 March 2026. Trade payables increased to Rs 3.56911 crore from Rs 2.57514 crore, while cash and cash equivalents rose to Rs 30.962 lakh from Rs 13.349 lakh; inventories remained Rs 42.070 lakh at both dates.

LS Industries identifies textile as its only reportable segment under Indian Accounting Standard 108, which covers operating-segment disclosures. The filing therefore does not provide a revenue or profit split across multiple operating segments for the quarter ended 30 September 2026.

Conclusion

LS Industries’ September 2026 standalone result marks a return to quarterly profit, with operating revenue rising nearly threefold year on year and total income increasing faster than total expenses. The Rs 46.906 lakh profit contrasts with the Rs 20.457 lakh loss a year earlier, while the half-year result of Rs 1.80673 crore includes a June-quarter exceptional item of Rs 1.3104 crore.

The next results will show whether LS Industries can maintain operating revenue around the Rs 3 crore quarterly level without exceptional items. The filing also leaves investors to track the movement in trade payables, which rose by Rs 99.797 lakh from 31 March 2026, and the negative other-equity balance of Rs 43.58578 crore at 30 September 2026.