Lykis Ltd (530689) Quarterly Report Analysis & Insights

Lykis Ltd

| Audited Standalone Financial Results – FY 2025-26

⬤25th Jun 26

Summary : Company reported increased revenue and profit, but negative operating cash flow, with a significant share purchase agreement and open offer underway.

Quarterly Report Analysis & Insights

Financial Disclosures

Standalone Total Expenses: 26,176.27 Lakhs (2026), 26,442.89 Lakhs (2025).
Consolidated Total Expenses: 38,839.68 Lakhs (2026), 29,725.07 Lakhs (2025).
Standalone Revenue from Operations: 26,289.31 Lakhs (2026), 26,372.60 Lakhs (2025).
Consolidated Revenue from Operations: 39,274.60 Lakhs (2026), 29,736.78 Lakhs (2025).
Standalone Net cash from operating activities: (1,256.89) Lakhs (2026).
Consolidated Net cash from operating activities: (3,216.57) Lakhs (2026).
Standalone Net cash from investing activities: (2,945.91) Lakhs (2026).
Consolidated Net cash from investing activities: (2,944.72) Lakhs (2026).
Standalone Net cash from financing activities: 3,838.65 Lakhs (2026).
Consolidated Net cash from financing activities: 6,154.73 Lakhs (2026).
Standalone Total Assets: 13,986.42 Lakhs (2026), 7,815.17 Lakhs (2025).
Consolidated Total Assets: 18,965.27 Lakhs (2026), 9,087.15 Lakhs (2025).
Standalone Other Equity: 1,646.45 Lakhs (2026), 1,275.33 Lakhs (2025).
Consolidated Other Equity: 2,087.27 Lakhs (2026), 1,414.30 Lakhs (2025).
Both standalone and consolidated results presented.
Consolidated results include Lykis Export LLC, Goldspan Exports, Lykis Biscuit, Lykis Packaging.

Corporate Overview

UAE (Lykis Export LLC)
Export business
Re-assessed gratuity liability due to revised wage base.
Provision for doubtful debt and advances.
Transaction subject to completion of open offer and regulatory approvals.
Export of FMCG, Cosmetics and other products.
Formal and informative, reporting financial results.
Single primary business segment: FMCG, Cosmetics, other products.

Risk Factors

Negative cash flow from operations.
New labor codes impact gratuity liability.
Provision for doubtful debts increased.
Open offer completion is pending.

Key Drivers

Major share purchase agreement underway.
Open offer for significant equity stake.
Consolidated revenue and profit increased.
Unmodified audit opinion received.

Auditor’s Report

Unmodified audit opinion.

Board Commentary

Material uncertainty regarding company's going concern ability.
Impact of new labor codes on gratuity liability.
Provision for doubtful debt and advances.
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
SEBI (SAST) Regulations, 2011.
New labor codes impacting gratuity.
Share Purchase Agreement to sell 67.17% equity shares.
Open offer for acquisition of up to 26.00% equity.

Corporate Governance

Code of Ethics issued by ICAI.
Audit Committee reviewed financials, Board approved.

Management Discussion & Analysis

Future Strategy

Management will monitor developments and make necessary disclosures.

Performance Drivers

Increased consolidated revenue and profit.

Risk Control Measures

Deferred Tax Asset recognized for gratuity costs.

Critical Risks

Material uncertainty regarding company's going concern ability.
Impact of new labor codes on gratuity liability.
Provision for doubtful debt and advances.