Lokesh Machines Q1FY27 Results: Profit Declines to ₹101 Lakhs, Board Approves AGM Notice
Lokesh Machines reported Q1FY27 profit of ₹101 lakhs, down from ₹215 lakhs in Q4FY26. Total income was ₹5,577 lakhs. The Board approved the notice for the 42nd AGM on September 22, 2026. Crucially, OFAC delisted the company from its sanctions list on June 30, 2026.
The delisting from OFAC sanctions is a major positive, removing a significant overhang and potential operational constraint. However, the reported decline in quarterly financial performance tempers the immediate impact.
While the delisting from OFAC sanctions is a significant positive development, the decline in quarterly profit and revenue offsets the positive news, leading to a neutral sentiment.
Lokesh Machines Limited announced the outcome of its Board Meeting held on August 12, 2026. The Board approved the standalone un-audited financial results for the quarter ended June 30, 2026, along with the Limited Review Report from the statutory auditors. The company reported a total income of ₹5,577.40 lakhs for the quarter, a decrease from ₹5,977.02 lakhs in the previous quarter (ended March 31, 2026) and an increase from ₹4,832.37 lakhs in the corresponding quarter of the previous year (ended June 30, 2025). Net profit for the quarter stood at ₹101.01 lakhs, a significant drop from ₹215.39 lakhs in Q4FY26 and an increase from ₹45.55 lakhs in Q1FY26.
The Board also approved the Directors' Report for the financial year ended March 31, 2026, and the notice for the 42nd Annual General Meeting (AGM) scheduled for September 22, 2026. The AGM will be held through Video Conferencing/Other Audio Visual Means (OAVM). Mr. L.D. Reddy has been appointed as the Scrutinizer for the AGM, and the cut-off date for e-voting has been set as September 15, 2026. Additionally, the Cost Audit Report and the Secretarial Audit Report for the year ended March 31, 2026, were approved.
In a significant development, the company announced that the Office of Foreign Assets Control (OFAC), U.S. Department of the Treasury, has delisted Lokesh Machines Limited from the Sanctions list, effective June 30, 2026. This follows OFAC's designation of the company on October 30, 2024, related to allegations of export of machinery to Russia. The company has been actively contesting this designation and has now received confirmation of its removal from the list, concluding the proceedings. The Ministry of External Affairs, Government of India, also confirmed the delisting.
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Lokesh Machines Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Lokesh Machines Limited. Read the original for the full detail.