Laxmi Goldorna swings to loss as costs outpace revenue growth
Revenue rose 34.32% QoQ, but expenses grew 47.34%, leaving interest costs above operating profit and pushing EPS to a loss of Rs 0.21.
Filed 06 Nov 2026, 16:48 IST · after market close · Laxmi Goldorna House Ltd (LGHL)
Key takeaways
- Standalone revenue grew 34.32% QoQ, but expenses grew 47.34%, cutting operating margin by 8.52 percentage points to 3.52%.
- Laxmi Goldorna House swung from Q1FY27 net profit of Rs 1.17 cr to a Q2FY27 net loss of Rs 1.07 cr despite interest falling 9.93%.
- Q2FY27 operating margin was 7.90 percentage points below the 11.42% median for 287 reported Consumer Discretionary peers.
Price around the results
Revenue growth did not prevent a profit reversal
Laxmi Goldorna House reported standalone revenue growth of 34.32% QoQ to Rs 50.29 cr, but operating profit fell 60.75% to Rs 1.77 cr. The weaker operating result, combined with interest of Rs 2.54 cr, pushed profit before tax to a loss of Rs 0.91 cr. Net profit therefore moved from Rs 1.17 cr in Q1FY27 to a loss of Rs 1.07 cr in Q2FY27.
Faster cost growth erased operating leverage
Expenses rose 47.34% QoQ, faster than revenue, reducing operating margin by 8.52 percentage points to 3.52%. Interest costs declined 9.93%, but remained above operating profit of Rs 1.77 cr. Other income was negative at Rs 0.09 cr, while its reported share of pre-tax profit was 9.89%; the tax rate also fell 39.43 percentage points to -17.43% as the company reported a pre-tax loss.
Margin fell below peers and the results came after market close
The available quarter sequence shows operating margin declining from 12.04% in Q1FY27 to 3.52% in Q2FY27. Q2FY27 margin was 7.90 percentage points below the 11.42% median among 287 reported Consumer Discretionary peers, with the company ranked 51 from the bottom. The results were filed after market close, so there is no market reaction to report yet.
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 | ₹50 cr | ₹37 cr | +34.32% |
| Other income | ₹-0 cr | ₹-0 cr | +40.00% |
| Expenses | ₹49 cr | ₹33 cr | +47.34% |
| Operating profit | ₹2 cr | ₹5 cr | -60.75% |
| Operating margin (%) | 3.52% | 12.04% | — |
| Interest | ₹3 cr | ₹3 cr | -9.93% |
| Depreciation | ₹0 cr | ₹0 cr | +0.00% |
| Profit before tax | ₹-1 cr | ₹2 cr | — |
| Tax | ₹0 cr | ₹0 cr | -51.52% |
| Net profit | ₹-1 cr | ₹1 cr | — |
| EPS (₹) | ₹-0.21 | ₹0.23 | — |
Operating margin of 3.52% compares with a Consumer Discretionary sector median of 11.42% across 287 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -0.78% | -0.84% |
| Next session | +0.19% | — |
Volume on the results session was 0.63× its 20-day average.
What to watch
- Whether expense growth comes below the Q2FY27 rate of 47.34% QoQ.
- Whether operating margin recovers from 3.52% toward the Q1FY27 level of 12.04%.
- Whether interest expense remains below the Q2FY27 level of Rs 2.54 cr.