Veejay Lakshmi Engineering Works returns to pre-tax profit

Veejay Lakshmi Engineering Works Limited returned to a standalone pre-tax profit of Rs 42.67 lakh in the quarter ended 30 September 2026, against a Rs 176.12 lakh pre-tax loss a year earlier, as revenue from operations rose 12% to Rs 21.81 crore. Veejay Lakshmi Engineering Works' unaudited results were approved on 10 November 2026.

How did Veejay Lakshmi Engineering Works return to pre-tax profit?

Veejay Lakshmi Engineering Works returned to pre-tax profit by reporting Rs 42.67 lakh of profit before tax in the September 2026 quarter, compared with a Rs 176.12 lakh loss in the September 2025 quarter. It also reversed the Rs 60.92 lakh pre-tax loss reported in the immediately preceding quarter ended 30 June 2026.

Total income increased to Rs 22.71 crore from Rs 20.48 crore a year earlier, while total expenses were broadly unchanged at Rs 22.28 crore versus Rs 22.24 crore. The resulting difference between income and expenses was Rs 42.67 lakh, compared with a shortfall of Rs 176.12 lakh in the prior-year quarter.

Revenue from operations increased by Rs 2.33 crore year on year, while other income declined to Rs 89.41 lakh from Rs 99.34 lakh. The filing recorded no exceptional items in either the September 2026 or September 2025 quarter, so the pre-tax change reflected operating income and expense movements rather than exceptional gains or charges.

Which segments increased Veejay Lakshmi Engineering Works' revenue?

Veejay Lakshmi Engineering Works' Textile Division produced most of the revenue increase, reporting segment revenue of Rs 17.04 crore in the September 2026 quarter against Rs 14.79 crore a year earlier. Engineering Division revenue was Rs 4.78 crore, up from Rs 4.70 crore in the comparable quarter.

Textile Division revenue therefore rose by Rs 2.25 crore, compared with an Rs 8 lakh increase in the Engineering Division. Before eliminations, total segment revenue was Rs 21.81 crore in September 2026, compared with Rs 19.49 crore in September 2025.

Inter-segment revenue was Rs 22,000 in the latest quarter, against Rs 60,000 a year earlier, leaving revenue from operations of Rs 21.81 crore. In the June 2026 quarter, Textile Division revenue was Rs 12.51 crore and Engineering Division revenue was Rs 3.30 crore, meaning both divisions recorded higher revenue in September.

What costs changed for Veejay Lakshmi Engineering Works?

Veejay Lakshmi Engineering Works reported cost of materials consumed of Rs 18.45 crore for the September 2026 quarter, up from Rs 15.81 crore a year earlier. The Rs 2.64 crore increase exceeded the Rs 2.33 crore increase in revenue from operations, making inventory accounting important to the movement in total expenses.

The company reported a Rs 4.77 crore reduction in the expense line for changes in inventories of finished goods, work in progress and stock in trade, compared with a Rs 4.03 crore expense in the prior-year quarter. This swing helped keep total expenses nearly flat despite higher materials consumption.

Employee benefits expense increased to Rs 3.09 crore from Rs 2.90 crore, while other expenses were almost unchanged at Rs 3.35 crore against Rs 3.34 crore. Finance cost rose to Rs 61.91 lakh from Rs 57.59 lakh, whereas depreciation and amortisation fell to Rs 53.94 lakh from Rs 63.03 lakh.

Compared with the June 2026 quarter, total income rose from Rs 16.70 crore to Rs 22.71 crore and total expenses increased from Rs 17.31 crore to Rs 22.28 crore. Materials consumed increased from Rs 14.41 crore in June, while the inventory line moved from a Rs 4.35 crore expense to a Rs 4.77 crore reduction in expenses.

What do the half-year figures and balance sheet show?

Veejay Lakshmi Engineering Works reported revenue from operations of Rs 37.62 crore for the half year ended 30 September 2026, down from Rs 39.80 crore in the corresponding prior-year half year. Total income was Rs 39.41 crore, compared with Rs 41.85 crore in the prior-year period.

Half-year total expenses declined to Rs 39.59 crore from Rs 45.37 crore a year earlier. The reported September-quarter pre-tax profit of Rs 42.67 lakh followed a Rs 60.92 lakh pre-tax loss in the June quarter, while the half-year income and expense figures show an Rs 18.25 lakh gap before tax.

Total assets stood at Rs 65.70 crore at 30 September 2026, compared with Rs 57.99 crore at 31 March 2026. Inventories increased to Rs 19.48 crore from Rs 11.21 crore, while trade receivables decreased to Rs 4.83 crore from Rs 6.37 crore.

Total equity increased to Rs 9.77 crore at 30 September 2026 from Rs 9.03 crore at 31 March 2026. Total liabilities rose to Rs 55.92 crore from Rs 48.96 crore, with current liabilities increasing to Rs 28.82 crore from Rs 22.71 crore and short-term borrowings rising to Rs 13.25 crore from Rs 10.12 crore.

What did Veejay Lakshmi Engineering Works report after tax and on audit status?

Veejay Lakshmi Engineering Works reported net profit from continuing operations of Rs 47.03 lakh for the September 2026 quarter, compared with a Rs 187.48 lakh loss in the prior-year quarter. Basic and diluted earnings per share were Rs 0.93, against a loss per share of Rs 3.70 a year earlier, with paid-up equity share capital unchanged at Rs 5.07 crore.

Total comprehensive income was Rs 58.37 lakh in the latest quarter, compared with a comprehensive loss of Rs 416.96 lakh in September 2025. The statement showed other comprehensive income of Rs 11.34 lakh, while it listed deferred tax of Rs 4.36 lakh and no current tax expense for the quarter.

Veejay Lakshmi Engineering Works said N R D Associates issued an unmodified opinion on its unaudited standalone and consolidated results for the quarter and period ended 30 September 2026. The board approved the results on 10 November 2026, and the company said prior-period figures had been regrouped or rearranged where necessary.

Conclusion

Veejay Lakshmi Engineering Works moved from pre-tax losses in both the prior-year September quarter and the June 2026 quarter to a Rs 42.67 lakh September-quarter profit. The change coincided with revenue of Rs 21.81 crore, led by a Rs 2.25 crore increase in Textile Division revenue, and with total expenses holding near the prior-year level at Rs 22.28 crore.

The filing discloses no earnings target, operational plan or future reporting schedule. The next update will be relevant for whether the September improvement continues as inventories stand at Rs 19.48 crore, short-term borrowings at Rs 13.25 crore and half-year revenue at Rs 37.62 crore, below the Rs 39.80 crore reported a year earlier.