Lahoti Overseas Ltd (531842)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Lahoti Overseas' revenue was ₹88.5 Cr (-28.5% year on year, -11.4% on the previous quarter), and net profit ₹1.4 Cr (-66.1% year on year); the operating margin was -0.3%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹88.5 | -28.5% | -11.4% |
| Operating profit | ₹-0.3 | to loss | to loss |
| Net profit | ₹1.4 | -66.1% | -66.4% |
| EPS (₹) | 0.50 | -66.0% | -66.2% |
| Operating margin | -0.3% | — | — |
📢 Recent Corporate Announcements
Lahoti Overseas reported a strong bottom-line performance for Q1 FY27, with consolidated net profit rising 90.4% YoY to ₹3.10 Cr. This growth comes despite a relatively flat top-line, with revenue from operations increasing only 2.9% YoY to ₹88.40 Cr. The company has also finalized September 22, 2026, as the record date for its final dividend. Profitability showed significant improvement over the preceding quarter (Q4 FY26), where net profit was ₹1.45 Cr.
- Consolidated Net Profit grew 90.4% YoY to ₹3.10 Cr from ₹1.63 Cr in Q1 FY26.
- Revenue from operations stood at ₹88.40 Cr, representing a modest 2.9% growth over ₹85.90 Cr YoY.
- Earnings Per Share (EPS) for the quarter nearly doubled to ₹1.06 from ₹0.56 YoY.
- Record date for final dividend and remote e-voting fixed for Tuesday, September 22, 2026.
- Profit before tax (PBT) increased to ₹3.30 Cr compared to ₹1.88 Cr in the corresponding previous year quarter.
Lahoti Overseas reported a strong start to FY27 with consolidated net profit rising 90.4% YoY to ₹3.10 crore for the quarter ended June 30, 2026. While revenue growth was modest at 2.9% YoY (₹88.40 crore), the bottom line benefited from improved operational control and higher other income. The company has scheduled its 31st Annual General Meeting for September 29, 2026, and fixed September 22, 2026, as the record date for the final dividend. Despite the profit jump, operating margins remain thin at approximately 1.3%, reflecting the competitive nature of the yarn trading business.
- Consolidated Net Profit increased 90.4% YoY to ₹3.10 crore from ₹1.63 crore in the year-ago period.
- Total Revenue from Operations grew to ₹88.40 crore, a 2.9% increase over ₹85.90 crore in Q1 FY26.
- Earnings Per Share (EPS) for the quarter improved to ₹1.06 from ₹0.56 YoY.
- Record date for final dividend and AGM e-voting fixed for September 22, 2026.
- Consolidated Profit Before Tax (PBT) stood at ₹3.30 crore compared to ₹1.88 crore in the previous year's quarter.
Lahoti Overseas reported a consolidated net profit of ₹3.10 Cr for the quarter ended June 30, 2026, marking a 90.2% increase from ₹1.63 Cr in the same period last year. Revenue from operations grew marginally by 2.9% YoY to ₹88.40 Cr. However, the bottom line was heavily supported by non-operating items, with 'Other Income' and 'Unrealized Gains' totaling ₹3.71 Cr, which exceeded the total Profit Before Tax of ₹3.30 Cr. The company also finalized its AGM for September 29, 2026, and set the dividend record date for September 22, 2026.
- Consolidated Net Profit increased 90.2% YoY to ₹3.10 Cr from ₹1.63 Cr.
- Revenue from operations grew 2.9% YoY to ₹88.40 Cr compared to ₹85.90 Cr in Q1 FY26.
- Non-operating income (Other Income + Unrealized Gains) contributed ₹3.71 Cr, offsetting a core operating loss.
- Earnings Per Share (EPS) doubled to ₹1.06 from ₹0.56 in the year-ago quarter.
- Record date for final dividend and remote E-voting fixed for September 22, 2026.
Lahoti Overseas has approved its unaudited financial results for the quarter ended June 30, 2026, during its board meeting on August 10, 2026. The company has scheduled its 31st Annual General Meeting (AGM) for September 29, 2026. A key takeaway for shareholders is the fixing of September 22, 2026, as the record date for the final dividend payment. The trading window for insiders, which was closed for results, will reopen on August 16, 2026.
- 31st Annual General Meeting scheduled for September 29, 2026, via video conferencing.
- Record date for final dividend and e-voting eligibility fixed as September 22, 2026.
- Book closure period for the AGM and dividend set from September 23 to September 29, 2026.
- Trading window for designated persons to reopen on August 16, 2026.
- Board approved the Un-Audited Financial Results for the quarter ended June 30, 2026.
Lahoti Overseas has scheduled a board meeting for August 10, 2026, to approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company enters this period following a fiscal year (FY26) where revenue stood at Rs 383 crore with a thin operating margin of 1.0%. Investors will be monitoring for a recovery from the marginal operating loss of Rs 0.09 crore reported in the same quarter last year (June 2025). The trading window for designated persons is closed until August 15, 2026.
- Board meeting scheduled for August 10, 2026, to approve Q1 FY27 results
- Trading window closure period from July 01, 2026, to August 15, 2026
- Company reported TTM revenue of Rs 383 crore as of March 2026
- Operating profit margin for FY26 was thin at 1.0%
- Promoter holding remains stable at 59.8% as of June 2026
Financial Performance
Revenue Growth by Segment
The Textile Division grew 3.86% to INR 501.71 Cr in FY2025 compared to INR 483.04 Cr in the previous year. The Power Projects Division revenue decreased by 29.31% to INR 2.75 Cr from INR 3.89 Cr. The Shares and Securities Division saw a significant increase of 113.78% to INR 1.31 Cr from INR 0.61 Cr.
Geographic Revenue Split
The company is primarily export-oriented, with a strong presence in international markets including Germany, Portugal, Bangladesh, Vietnam, South Korea, Peru, Colombia, Egypt, and Turkey. Specific percentage split by region is not disclosed.
Profitability Margins
Operating Profit Margin (OPBDIT/OI) declined to 2.8% in FY2024 from 6.1% in FY2023 due to intense competition. Net Profit Margin (PAT/OI) also decreased to 2.4% in FY2024 from 4.9% in FY2023. Q1 FY2025 showed a slight recovery with a PAT margin of 3.8%.
EBITDA Margin
EBITDA margin stood at 2.8% in FY2024, a sharp decline from 6.1% in FY2023. This was driven by high domestic cotton yarn prices relative to international prices, which squeezed margins. Q1 FY2025 EBITDA margin was 3.1%.
Capital Expenditure
The company does not have any major debt-funded capital expenditure plans for the near term. Incremental capex, if any, is expected to be funded in a manner that maintains debt protection metrics.
Credit Rating & Borrowing
As of January 2025, ICRA upgraded the ratings to [ICRA]BBB (Stable) and [ICRA]A3+ from the 'Issuer Not Cooperating' category. Interest coverage was 7.8 times in FY2024 and 7.9 times in Q1 FY2025.
Operational Drivers
Raw Materials
Cotton yarn and greige fabrics are the primary raw materials, accounting for the majority of the cost of goods sold.
Import Sources
Raw materials are primarily sourced from domestic suppliers within India.
Capacity Expansion
Current capacity includes 4 windmills (Rajasthan, Madhya Pradesh, Maharashtra) and a 2.5 MW solar power unit in Rajasthan. No specific planned expansion units are mentioned.
Raw Material Costs
Raw material costs are highly sensitive to the volatility of domestic cotton yarn prices compared to international prices. Procurement is 90% order-backed to mitigate price fluctuation risks.
Strategic Growth
Expected Growth Rate
4%
Growth Strategy
Growth is targeted through product and market development, focusing on value-added yarns and organic cotton products. The company is also prioritizing technology upgradation and operational efficiency to improve margins in the competitive export market.
Products & Services
Cotton yarn, greige fabrics, textured yarn, and 100% organic cotton products.
Brand Portfolio
Lahoti Overseas.
New Products/Services
100% organic cotton products certified by GOTS (Global Organic Textile Standard).
Market Expansion
Targeting deeper penetration in existing export markets like Germany, Portugal, and South Korea through enhanced customer service and product diversification.
Market Share & Ranking
Not disclosed; however, the company is noted as a strong player in the merchant export of cotton yarn and grey fabrics.
External Factors
Industry Trends
India is the 6th largest textile exporter. The industry is seeing a shift toward organic textiles and technology-driven operational efficiency to counter global competition.
Competitive Landscape
Intense competition from both domestic and international merchant exporters in the cotton yarn and fabric segments.
Competitive Moat
The company's moat is built on 30+ years of promoter experience and established relationships in the export market. Certifications like GOTS and Oeko-Tex provide a sustainable advantage in the niche organic cotton segment.
Macro Economic Sensitivity
Sensitive to global discretionary consumer spending and domestic agricultural policies affecting cotton prices.
Consumer Behavior
Demand is driven by discretionary spending in key export markets; any slowdown in these economies directly impacts order volumes.
Geopolitical Risks
Exposed to international trade barriers and changes in export incentive structures which affect global competitiveness.
Regulatory & Governance
Industry Regulations
Operations are subject to textile export regulations, export incentive structures (like RoDTEP/RoSCTL), and renewable energy policies including REC floor prices.
Environmental Compliance
The company maintains ISO 9001:2008, GOTS, and Oeko-Tex Standard certifications for its textile products.
Legal Contingencies
The matter regarding the 'vintage multiplier' for old investors in the Renewable Energy Certificate (REC) sector is currently sub judice, affecting the Power Projects Division.
Risk Analysis
Key Uncertainties
Volatility in domestic cotton yarn prices and potential adverse changes in the government's export incentive structure are the primary business risks.
Geographic Concentration Risk
High concentration in export markets, particularly in Europe and Asia.
Third Party Dependencies
Dependent on domestic cotton yarn and fabric suppliers for procurement.
Technology Obsolescence Risk
Mitigated through continuous technology upgradation in the textile division to maintain export quality standards.
Credit & Counterparty Risk
Low risk due to 90% order-backed procurement and established relationships with international buyers.
