LOLaxmi Organic Industries543277Quarterly results

Board approves September-quarter results, appoints Rajesh Naik as Whole-time Director (Operations)

Board meeting held on November 5, 2026.

By ScoutQuest · Thu 5 Nov 2026, 8:46 PM IST · 3 min read

Q2 Revenue from Operations

Rs. 10,546.27 million

Q2 Profit After Tax

Rs. 498.64 million

Q2 Basic EPS

Rs. 1.80

What the board approved on the management side

• Mr. Rajesh Naik (DIN: 06935998) appointed as an Additional Director and as a Whole-time Director, designated Executive Director (Operations), with effect from November 6, 2026.
• His appointment as a Whole-time Director is for a term of five years, from November 6, 2026 to November 5, 2031, subject to shareholders' approval.
• He is liable to retire by rotation.
• The appointment was made on the recommendation of the Nomination and Remuneration Committee.

Shareholder approval sought through postal ballot

The board approved the issuance of a postal ballot notice to shareholders to seek approval on two items: the appointment and re-designation of Mr. Harshvardhan Goenka (DIN: 08239696) as Managing Director & Chief Executive Officer, and the appointment of Mr. Rajesh Naik (DIN: 06935998) as a Director and Whole-time Director designated Executive Director (Operations).

Results for the quarter and half year ended September 30, 2026 (standalone, unaudited; all figures in rupees million):

• Revenue from operations in the quarter was 10,546.27, against 9,577.28 in the preceding quarter and 7,064.20 in the year-ago quarter. For the half year it was 20,123.55, against 13,783.29.
• Total income for the quarter was 10,577.91, which includes other income of 31.64.
• Profit before tax for the quarter was 665.51; for the half year it was 1,514.43.
• Profit after tax for the quarter was 498.64, against 632.95 in the preceding quarter and 139.37 in the year-ago quarter. For the half year it was 1,131.59, against 369.07.
• Total expenses for the quarter were 9,912.40, including cost of raw materials consumed of 6,972.62 and employee benefits expense of 498.72.
• Basic earnings per share for the quarter were Rs. 1.80 and diluted Rs. 1.79; for the half year, basic 4.08 and diluted 4.07.

Other points from the notes

• 7,03,126 equity shares of face value ₹ 2 each were allotted on August 12, 2026 to option grantees. Paid-up capital rose from ₹ 554.42 million (27,72,11,567 shares of ₹ 2 each) to ₹ 555.83 million (27,79,14,693 shares of ₹ 2 each).
• The Company has exercised the option under section 200 of the Income-tax Act, 2025 to compute income tax at 25.17% effective from the current financial year. The notes state that the tax expense for the quarter and six months ended September 30, 2026 is therefore not comparable with the corresponding periods of the previous year, mainly due to the change in the tax regime and utilisation of brought forward losses.
• Earlier, for the quarter and year ended March 31, 2026, the Company had opted to revert to the old tax regime at an applicable rate of 34.94% and recognised a MAT liability of ₹ 165.09 million with a matching MAT credit entitlement.
• The Company evaluates performance as a single business segment, ‘Chemical Business’, under the management approach.
• The standalone financial results were reviewed by the Statutory Auditors, Deloitte Haskins & Sells LLP, who issued a limited review report; the results were also reviewed by the Audit Committee.
• The standalone statement of assets and liabilities shows total assets of 36,709.55 as at September 30, 2026 against 34,382.23 as at March 31, 2026, and total equity of 21,001.09.

How this can be read

• The update combines two things: a senior management appointment that requires shareholder approval through postal ballot, and the September-quarter numbers.
• The appointment is for a fixed five-year term and takes effect from November 6, 2026; until shareholders vote, it is an appointment subject to their approval, as stated in the update.
• On the numbers, the notes attribute the change in tax expense versus last year mainly to the shift in tax regime and use of brought forward losses, which a reader should keep in mind when comparing the profit figures with the year-ago periods.

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