Lokesh Machines Q1 FY27: The Last Sanctions Quarter, and a Reopening Setup

For the quarter ended 30 June 2026 (Q1 FY27), revenue from operations was ₹55.46 crore, EBITDA was ₹9.92 crore (17.79% margin), and profit after tax was ₹1.01 crore with basic EPS of ₹0.49.

The presentation states Machinery revenue was constrained by blocked USD and EUR channels during the final sanctions-era quarter, with recovery expected from Q2 FY27 after OFAC delisting effective 30 June 2026.

Defence & Components revenue rose to ₹15.55 crore in Q1 FY27 with PBIT of ₹2.15 crore and a PBIT margin of 13.8%, making up 27.9% of total revenue.

Order book was reported at ₹271 crore as of 12 August 2026. The presentation notes defence is 36.2% of the order book, and mentions a ₹58.21 crore Ministry of Defence (Army) order dated 15 July 2026 for 7.62 mm medium machine gun modification kits.

OFAC removed the company from the SDN list on 30 June 2026. The presentation states this reopens USD and EUR banking channels, improves counterparty confidence, and restores access to European and US export markets for the Machinery division.

Yes. The presentation states 13.00 lakh equity shares and 27.78 lakh convertible warrants were allotted on a preferential basis at ₹181.71 per share, and ₹23.62 crore of equity was received during Q1 FY27. It also states ₹6.81 crore was received on warrant conversion in July 2026, with ₹31.04 crore expected on full conversion of remaining warrants.