Laxmi Organic Q1FY27: consolidated PAT +217% YoY as OPM more than doubles to 11.8%

Laxmi Organic Industries' consolidated Q1 FY27 (quarter ended June 30, 2026) results, approved by the board on July 29, 2026, show revenue from operations of ₹968.34 Cr, up 39.7% YoY from ₹692.93 Cr and 31.7% QoQ from ₹735.31 Cr. Consolidated PAT came in at ₹67.72 Cr, up 216.6% YoY from ₹21.39 Cr and 214.2% QoQ from ₹21.55 Cr, with EPS of ₹2.44 against ₹0.77 in both the year-ago and preceding quarters. Standalone tells the same story — PAT of ₹63.30 Cr versus ₹22.97 Cr a year ago — so there is no material divergence between the two bases this quarter.

The improvement is margin-led rather than a one-off: operating margin (OPM) more than doubled to 11.81% from 4.44% a year ago and 7.29% last quarter, while net margin widened to 6.99% from 3.06% YoY. Neither statement carries an exceptional item this quarter or in the comparison periods, so the growth is organic. Notably, PBT itself rose even faster — 546.6% YoY to ₹91.76 Cr from ₹14.19 Cr — than PAT's 216.6%, because the year-ago quarter benefited from an unusual net tax credit of ₹7.20 Cr tied to a tax-regime reassessment (Note 5), versus a normal ₹24.04 Cr tax charge this quarter under the new 25.17% regime rate. The headline 217% PAT growth therefore understates the scale of the underlying operating turnaround, since last year's comparison PAT was itself flattered by that credit.

The stock went into the print at ₹200.51, up 29.4% over the past month of trading.

For context: this is the highest quarterly PAT in the last 6 quarters on our records; revenue is at a 6-quarter high.

Laxmi gave no formal quantitative revenue or margin target for FY27 on its Q4 FY26 call, citing market volatility, but did flag a "good start to FY27" and cautious optimism — this print, with revenue up 31.7% sequentially against a prior guided cadence of ~9% and a near-tripling of OPM, comfortably clears that qualitative bar. A web search turned up no specific analyst consensus estimate for this quarter's PAT or revenue, so the print's standing versus Street is marked unknown rather than guessed. No separate management press release was available for this filing to cross-check against the numbers. The quarter's other corporate developments — the FY26 annual report/BRSR filing and the AGM set for August 5, 2026 — are administrative and don't bear on the operating print.