Lokesh Machines Reports FY26 Audited Results; Auditors Issue Unmodified Opinion
Lokesh Machines' Board approved audited financial results for FY26. Profit before tax for the year was ₹530.90 lakh, with a net profit of ₹386.15 lakh. Auditors issued an unmodified opinion. The company also provided an update on the OFAC designation matter.
The financial results are positive, showing improved profitability year-on-year. However, the ongoing OFAC designation and the uncertainty surrounding its resolution pose a medium-term risk to the company's operations and reputation.
The announcement reports audited financial results and routine auditor re-appointments. While the financial results show a significant increase in profit compared to the previous year, the ongoing OFAC designation matter introduces a significant risk factor, leading to a neutral sentiment.
Lokesh Machines Limited announced the outcome of its Board Meeting held on May 26, 2026. The Board approved and took on record the audited financial results for the quarter and year ended March 31, 2026. The company reported a profit before tax of ₹276.17 lakh for the quarter and ₹530.90 lakh for the year ended March 31, 2026. Net profit for the quarter stood at ₹215.39 lakh, and for the year, it was ₹386.15 lakh.
The Auditors' Report on these financial results was issued by M/s Brahmayya & Co., Chartered Accountants, with an unmodified opinion. The Board also approved the re-appointment of M/s Naval & Associates as Cost Auditor and M/s K. S. Rao & Co. as Internal Auditors for the financial year 2026-27.
The company also provided an update on the OFAC designation matter, stating that its case remains pending, and it has fully responded to OFAC's questionnaires. Lokesh Machines has implemented a comprehensive sanctions compliance program and ceased all Russia-related business. The financial results were published in newspapers and are available on the BSE and NSE websites, as well as the company's website.
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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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