Veejay Lakshmi Engineering Works Ltd (522267)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Veejay Lakshmi's revenue was ₹15.8 Cr (-22.2% year on year, -35.3% on the previous quarter), and net profit ₹-0.3 Cr (a smaller loss than a year earlier); the operating margin was -2.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹15.8 | -22.2% | -35.3% |
| Operating profit | ₹-0.4 | loss narrowed | loss widened |
| Net profit | ₹-0.3 | loss narrowed | loss narrowed |
| EPS (₹) | -0.67 | loss narrowed | loss narrowed |
| Operating margin | -2.5% | — | — |
📢 Recent Corporate Announcements
Veejay Lakshmi Engineering Works has announced the transmission of 96,923 equity shares from ex-promoter chairman Sri V.J. Jayaraman to the existing promoter Chairman and Managing Director. The transmission was completed on August 28, 2026, on account of nomination/inheritance. The company confirmed that there is no change in the overall promoter group holding or Key Managerial Personnel.
- 96,923 equity shares transmitted to existing promoter Chairman & MD
- Shares transferred from ex-promoter chairman Sri V.J. Jayaraman to nominee and heir
- Transmission formally effected on August 28, 2026
- No change in total promoter holding (63.83%) or Key Managerial Personnel
Veejay Lakshmi Engineering Works has issued the notice and Annual Report for its 51st Annual General Meeting (AGM) scheduled for September 14, 2026. Ordinary business includes the adoption of the audited financial statements for FY 2025-26 and the reappointment of Smt. Arthi Anand as a director retiring by rotation. The remote e-voting period runs from September 11, 2026, to September 13, 2026, with a cut-off date of September 7, 2026. Share transfer books will remain closed from September 8 to September 14, 2026.
- 51st Annual General Meeting scheduled for September 14, 2026, at 10:00 AM in Coimbatore
- Remote e-voting window open from September 11, 2026 (09:00 AM) to September 13, 2026 (05:00 PM)
- Voting cut-off date fixed as September 7, 2026
- Register of Members and share transfer books closed from September 8 to September 14, 2026
Veejay Lakshmi Engineering Works Ltd has dispatched and submitted its Annual Report for the Financial Year 2025-26 pursuant to Regulation 34(1) of SEBI LODR Regulations. The filing includes the Notice for the upcoming Annual General Meeting along with the Audited Financial Statements, which were previously approved by the Board on May 28, 2026. This is a standard statutory compliance filing without any new operational or financial surprises.
- Annual Report for FY 2025-26 submitted under Regulation 34(1) of SEBI LODR
- Contains Notice for the Annual General Meeting along with audited financial statements
- Audited financial statements and Board's Report were approved on May 28, 2026
Veejay Lakshmi Engineering Works Limited has submitted its Annual Report along with the Notice of Annual General Meeting (AGM) for the financial year 2025-26 under Regulation 34(1) of SEBI LODR Regulations. The audited financial statements included in the report were previously approved by the Board on May 28, 2026. This is a routine annual compliance filing. In FY26, the company recorded annual revenue of ₹80.23 crore with a net loss of ₹5.47 crore.
- Submitted Annual Report and AGM Notice for the financial year 2025-26 under Regulation 34(1)
- Audited financial statements and Board's report were approved on May 28, 2026
- Filing covers statutory reports including Cash Flow Statement, Auditor's Report, and Board's Report
Veejay Lakshmi Engineering reported a 22.2% YoY decline in revenue to Rs 15.81 Cr for the quarter ended June 2026. While the net loss narrowed significantly to Rs 0.39 Cr from a loss of Rs 1.71 Cr in the same period last year, the company swung back to a loss compared to the profit of Rs 0.45 Cr in the preceding March quarter. Both the Engineering and Textile divisions reported operating losses at the segment level, and finance costs of Rs 0.59 Cr continue to weigh on the thin margins of this micro-cap entity.
- Revenue from operations fell 22.2% YoY to Rs 15.81 Cr from Rs 20.32 Cr.
- Net loss for the quarter stood at Rs 0.39 Cr, an improvement from the Rs 1.71 Cr loss in Q1 FY26.
- Textile division revenue, the largest segment, declined to Rs 12.51 Cr from Rs 16.96 Cr YoY.
- Finance costs remained high at Rs 0.59 Cr relative to the quarterly revenue base.
- Total Comprehensive Income was positive at Rs 0.16 Cr, aided by Rs 0.56 Cr in other comprehensive income.
Veejay Lakshmi Engineering Works has scheduled its 231st board meeting on August 13, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company is currently facing significant financial stress, reporting a TTM net loss of Rs 5 crore and negative operating margins of -5.8%. With a high Debt-to-Equity ratio of 2.94 and a market capitalization of only Rs 19 crore against TTM revenues of Rs 80 crore, the upcoming results are critical for assessing the company's liquidity and turnaround progress.
- 231st Meeting of the Board of Directors scheduled to be held at Coimbatore
- Board meeting date set for August 13, 2026
- Review of unaudited financial results for the quarter ended June 30, 2026
- Company reported a net loss of Rs 0.35 crore in the most recent March 2026 quarter
- Debt levels remain high at Rs 32 crore compared to a net worth of Rs 11 crore
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