
LWS Knitwear reported a significant decline in profitability for the quarter ended June 2026, with standalone net profit falling 35% to ₹17.7 lakh compared to ₹27.2 lakh in the corresponding quarter of the previous year. According to the company's unaudited financial results approved by the Board of Directors on August 14, 2026, this represents a substantial deterioration in the company's bottom-line performance during the first quarter of fiscal 2026-27. The results were reviewed by statutory auditor Parmod G. Gupta & Associates, which issued a limited review report stating no material misstatement was noted.
The company's revenue from operations declined 5.3% to ₹1,237.8 lakh in Q1 FY27, down from ₹1,307.4 lakh recorded in the same quarter of the previous financial year. As reported in the latest financial results, this revenue contraction contributed to the overall decline in profitability, indicating challenging market conditions during the quarter. The company operates solely in the textiles segment, with no other income reported for the current or prior quarter.
Despite revenue pressure, total expenses for the quarter stood at ₹1,214.5 lakh, compared to ₹1,272.1 lakh in Q1FY26, representing a 4.5% reduction. This expense management was primarily driven by finance costs declining sharply to ₹44.0 lakh from ₹69.0 lakh in the prior year quarter. However, purchases of stock-in-trade increased to ₹1,347.0 lakh from ₹1,652.9 lakh, while changes in inventories provided a credit of ₹198.3 lakh, compared to ₹468.0 lakh in Q1FY26. The lower inventory adjustment benefits partially offset the revenue decline but were insufficient to maintain profitability levels.
Profit Before Tax declined 33.8% to ₹23.34 lakh from ₹35.28 lakh in Q1 FY26, while net profit fell 34.9% to ₹17.73 lakh compared to ₹27.23 lakh in the same quarter last year. According to the financial data, these declines across all profitability metrics reflect the challenging operating environment faced by the company during the quarter. Earnings per share (EPS) dropped to ₹0.12 from ₹0.19 in the previous year's quarter, highlighting the impact of reduced profitability on shareholder returns.