Synopsis: Lakshmi Electrical Control Systems jumped sharply after reporting a sharp turnaround to a profit of Rs 48 crore as compared to a loss of Rs 18.92 crore in the same quarter of the preceding year.
The shares of this leading EMS services provider are in focus after the company reported a sharp turnaround to profitability in this quarter. In this article, we will dive more into the details.
With a market capitalization of Rs 217 crore, the shares of Lakshmi Electrical Control Systems Ltd made a day high of Rs 900 per share, up by 6 percent from the day’s low of Rs 850 per share. Over the past five years, the stock has delivered a return of 263 percent, outperforming NIFTY 50’s return of 110 percent.
Q2 Highlights
Lakshmi Electrical has reported an operating revenue of Rs 58.32 crore in Q2 FY26, representing a 9 percent growth compared to Rs 53.42 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew by 11 percent from Rs 52.39 crore.
Regarding its profitability, it reported a net profit of Rs 48.26 lakh in Q2 FY26, a sharp turnaround as compared to a loss of Rs 18.92 lakh in Q2 FY25 (mainly because of a one-time deferred tax payment of Rs 1.15 Crore). However, on a quarter-on-quarter basis, it declined by 15 percent from Rs 57.04 lakh.
On the expenses front, it reported total expenses of Rs 59 crore in Q2 FY26, a growth of 9 percent as compared to Rs 54.35 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew by 11 percent from Rs 53 crore.
The Electricals segment grew by 5 percent to Rs 48.68 crore from Rs 46.23 crore, while the Plastics segment recorded a strong growth of 36 percent to Rs 9.93 crore from Rs 7.29 crore. The Wind Power generation segment increased by 36 percent to Rs 0.46 crore from Rs 0.33 crore. However, Unallocated income declined by 51 percent to Rs 0.93 crore from Rs 1.89 crore during the same period.
Lakshmi Electrical Control Systems Ltd (LECSL) is involved in the designing and manufacturing of a wide range of electrical control panels and automation systems used in industries like textiles, machine tools, renewable energy, and automobiles. It also provides contract manufacturing services for OEMs, which is a key part of the EMS business model, where companies outsource design, assembly, and production of electrical and electronic components.
Additionally, LECSL’s offerings, such as solar inverter panels, EV chargers, smart energy meters, and control systems for wind turbines, align with modern electronics manufacturing trends. Its diversified presence across domestic and export markets makes it a small but credible player in India’s growing EMS and industrial automation ecosystem.
Written by Satyajeet Mukherjee
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