Lakhotia Polyesters revenue jumps 3x but PAT halves on high material cost
Revenue surged to ₹3.22 crore from ₹1.03 crore YoY and from zero in the prior quarter, but cost of materials consumed hit ₹3.24 crore, halving profit after tax.
— 2 earlier stories on Lakhotia Polyesters (India) Ltd. →What's new
- Revenue from operations more than tripled to ₹3.22 crore from ₹1.03 crore a year ago.
- Profit after tax fell to ₹45.42 lakh from ₹97.84 lakh as material costs surged to ₹3.24 crore.
- The results mark a sharp recovery from the March 2026 quarter, which reported zero revenue and zero profit.
Why this matters
For a nano-cap with a ₹63 crore market cap and a prior quarter of zero sales, the revenue jump signals an operational revival. But the near-complete absorption of revenue by raw material costs leaves little margin — PAT halved despite the top-line surge. The unmodified audit report is clean, but sustainability of growth and margin improvement are the real tests.
What we're watching
- Whether revenue growth continues in the coming quarters.
- Trends in raw material costs and gross margins.
- Any further promoter or non-promoter stake changes after the 5.93% shuffle in June 2026.
The full read
Lakhotia Polyesters just reported its first real revenue quarter in two quarters. Revenue from operations hit ₹3.22 crore, more than triple the ₹1.03 crore in the same quarter last year and a sharp recovery from the ₹0 crore it reported in March 2026. The company was effectively dormant. Now it's active again. But the cost of doing business is high. Materials consumed came in at ₹3.24 crore, leaving profit after tax at just ₹45.42 lakh, half of last year's ₹97.84 lakh. For a ₹63 crore nano-cap with a trailing ROE of 42.3%, the revenue revival is the headline. The margin story is the caveat. The auditors gave an unmodified review. That is clean. The next test is whether this revenue line holds and whether margins follow.
Questions answered
- Why did Lakhotia Polyesters' revenue jump so sharply?
- Revenue surged from zero in the March 2026 quarter and more than tripled year-on-year to ₹3.22 crore. The filing does not specify the cause, but it indicates new business or orders after a dormant period.
- Why did profit fall despite higher revenue?
- Cost of materials consumed rose to ₹3.24 crore, nearly matching revenue, squeezing gross margins. Profit after tax fell to ₹45.42 lakh from ₹97.84 lakh a year ago.
- What was the company's performance in the previous quarter?
- In the March 2026 quarter, Lakhotia Polyesters reported zero revenue from operations and zero net profit. The June 2026 quarter represents a significant turnaround.
- Is the audit report qualified?
- No. The statutory auditors issued an unmodified limited review report, meaning no material misstatements were found.
- What is the company's current market valuation?
- Market capitalisation is approximately ₹63 crore. Trailing P/E is 26.5 and ROE is 42.3%, though these metrics reflect the prior year's higher profits.
Lakhotia Polyesters (India) Ltd.
Latest quarter · Jun 2026
Strength & growth
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All notes on LAKHOTIA →- 17 Jul 2026 · 4:12 PM IST Lakhotia Polyesters revenue jumps 3x but PAT halves on high material cost
- 11d ago Lakhotia Polyesters revenue more than triples but PAT halves on cost spike
- 36d ago Lakhotia Polyesters sees 5.93% stake shuffle among non-promoter group