Veejay Lakshmi Engineering Works' Q1 FY 2026-27 Quarterly Results

Result Summary

• Veejay Lakshmi Engineering Works Ltd reported a 35.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a decline of 21.9%.
• Its expenses for the quarter were down by 33.3% QoQ and 25.1% YoY.
• The net profit decreased 2.9% QoQ and decreased 79.8% YoY.
• The earnings per share (EPS) of Veejay Lakshmi Engineering Works Ltd declined at 0.78 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Veejay Lakshmi Engineering Works Ltd is a company engaged in the engineering sector. It specializes in the manufacture of textile machinery and engineering products, catering primarily to the textile industry. The company is known for its production of spinning machinery, such as Two-For-One Twisters, and other equipment related to yarn production. As of the data available, no recent major developments or acquisitions have been publicly chronicled for Veejay Lakshmi Engineering Works Ltd. The company operates within a competitive industry where technological advancements and cost efficiency play significant roles in maintaining market share.

Revenue

In the first quarter of fiscal year 2027 (Q1FY27), Veejay Lakshmi Engineering Works Ltd reported a total income of ₹16.70 crores. This represents a quarter-over-quarter (QoQ) decrease of 35.1% compared to ₹25.74 crores in the previous quarter (Q4FY26). When compared year-over-year (YoY) to the first quarter of fiscal year 2026 (Q1FY26), where the total income was ₹21.38 crores, there is a decline of 21.9%. These figures reflect a reduction in the revenue generation of the company relative to both the preceding quarter and the same quarter in the prior year, suggesting changes in sales volume or pricing strategies.

Profitability

For Q1FY27, Veejay Lakshmi Engineering Works Ltd recorded a loss before tax of ₹0.61 crores. This is an increase in loss compared to the previous quarter (Q4FY26) where the loss was ₹0.19 crores, marking a 221.1% increase in negative pre-tax earnings. However, when looked at on a YoY basis, the loss before tax has decreased by 65.3% from ₹1.76 crores in Q1FY26. The profit after tax for Q1FY27 was a loss of ₹0.34 crores, slightly less than the loss of ₹0.35 crores recorded in Q4FY26, which is a marginal improvement. Compared to Q1FY26, where the loss was ₹1.68 crores, the YoY improvement stands at 79.8%. The Earnings Per Share (EPS) for Q1FY27 was negative at ₹-0.78, showing a 14.7% improvement from Q4FY26’s negative EPS of ₹-0.68, and an improvement of 76.9% from the negative EPS of ₹-3.38 in Q1FY26.

Operating Metrics

The total expenses for Veejay Lakshmi Engineering Works Ltd in Q1FY27 were ₹17.32 crores, reflecting a QoQ decrease of 33.3% from ₹25.95 crores in Q4FY26. This also marks a YoY decrease of 25.1% from ₹23.13 crores in Q1FY26. The company has experienced a reduction in its overall cost base over both the quarter and year. The tax reported for Q1FY27 was a benefit of ₹-0.21 crores, a significant turnaround from a tax expense of ₹0.15 crores in the previous quarter, reflecting a 240.0% change. Compared to Q1FY26, where the tax benefit was ₹-0.04 crores, the YoY change is 425.0%. These operating metrics suggest a notable alteration in the company’s cost and tax structure over both periods.