LFIC swings to Rs 1.62 cr loss as revenue falls 90.54%
Expenses rose 500.00% quarter on quarter, driving a 459.45-point margin collapse; a Rs 0.55 cr tax credit limited the reported loss.
Filed 10 Nov 2026, 15:44 IST · after market close · Lakshmi Finance & Industrial Corporation Ltd (LFIC)
Key takeaways
- Standalone revenue fell 90.54% quarter on quarter to Rs 0.58 cr, turning Q1FY27's Rs 4.04 cr profit into a Rs 1.62 cr loss.
- Operating margin fell 459.45 percentage points to -366.73% as expenses rose 500.00% while revenue declined 90.54%.
- LFIC's operating margin was 421.16 percentage points below the 54.43% median for 104 Financial Services peers that had reported.
Price around the results
Revenue reversal erased Q1 profit
LFIC reported standalone revenue of Rs 0.58 cr in Q2FY27, down 90.54% from Q1FY27. That sharp fall reversed the previous quarter's Rs 4.04 cr net profit into a Rs 1.62 cr loss, with EPS moving from Rs 13.48 to negative Rs 5.40. The results were filed after market close on 10 Nov 2026.
Costs overwhelmed the quarter
Expenses rose 500.00% quarter on quarter even as revenue declined 90.54%, pushing operating margin down 459.45 percentage points to -366.73%. Other income and interest were both nil, so they did not offset the operating loss. A Rs 0.55 cr tax credit reduced the reported loss; the tax rate was 25.33%, down 2.91 percentage points from Q1FY27.
Lowest margin among 104 reported peers
LFIC's -366.73% operating margin was 421.16 percentage points below the 54.43% median for the 104 Financial Services peers that had reported the same quarter. The available quarter trend shows a sharp reversal from Q1FY27's 92.72% margin, rather than a gradual multi-quarter movement.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹1 cr | ₹6 cr | -90.54% |
| Other income | ₹0 cr | ₹0 cr | — |
| Expenses | ₹3 cr | ₹0 cr | +500.00% |
| Operating profit | ₹-2 cr | ₹6 cr | — |
| Operating margin (%) | -366.73% | 92.72% | — |
| Interest | ₹0 cr | ₹0 cr | — |
| Depreciation | ₹0 cr | ₹0 cr | +0.00% |
| Profit before tax | ₹-2 cr | ₹6 cr | — |
| Tax | ₹-1 cr | ₹2 cr | — |
| Net profit | ₹-2 cr | ₹4 cr | — |
| EPS (₹) | ₹-5.40 | ₹13.48 | — |
Operating margin of -366.73% compares with a Financial Services sector median of 54.43% across 104 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -1.20% | -2.04% |
Volume on the results session was 0.36× its 20-day average.
What to watch
- Whether revenue recovers from Rs 0.58 cr in the next quarter.
- Whether expenses fall from Rs 2.70 cr and operating margin moves up from -366.73%.
- Whether the Rs 0.55 cr tax credit recurs after the Q2FY27 loss.