Financial Analysis Summary: La Opala RG Limited
Quarter ended June 30, 2025 (Q1 FY26)
Date of Report: August 14, 2025

1. Auditor’s Note

  • Type of Report: Limited Review Report by M/s Singhi & Co., Chartered Accountants.
  • Key Points:
    • No qualifications, concerns, or issues raised.
    • The review was conducted as per SRE 2410 standards.
    • The auditors do not express an audit opinion but provide moderate assurance.
    • Attention drawn to the fact that Q4 FY25 figures are balancing figures between audited full year and reviewed YTD figures.
  • Conclusion: Clean limited review with no material misstatements or qualifications.

2. Financial Performance

ParticularsQ1 FY26 (Jun 30, 2025) UnauditedQ4 FY25 (Mar 31, 2025) AuditedQ1 FY25 (Jun 30, 2024) UnauditedFY25 (Apr 1, 2024 - Mar 31, 2025) Audited
Revenue from Operations (INR Lakh)6,526.547,710.007,285.3433,186.38
Other Income (INR Lakh)1,425.151,178.141,100.784,773.39
Total Income (INR Lakh)7,951.698,888.148,386.1237,959.77
Total Expenses (INR Lakh)4,732.035,628.755,218.7724,715.59
EBITDA / PBT before exceptional & tax (INR Lakh)3,219.663,259.393,167.3513,244.18
Tax Expenses (INR Lakh)684.18690.03801.203,585.66
Net Profit (INR Lakh)2,535.482,569.362,366.159,658.52
Other Comprehensive Income (Net of Tax) (INR Lakh)1,480.28(3,176.70)626.91(1,273.91)
Total Comprehensive Income (INR Lakh)4,015.76(607.34)2,993.068,384.61
EPS (Basic & Diluted) (Rs.)2.282.312.138.70
Paid-up Equity Share Capital (INR Lakh)2,220.002,220.002,220.002,220.00

Margins (Q1 FY26):

  • Operating Profit Margin (PBT before tax / Revenue from Operations): ~49.3%
  • Net Profit Margin (Net Profit / Revenue from Operations): ~38.8%

3. Detailed Notes / Management Commentary

  • The results have been prepared as per Indian Accounting Standards (Ind AS 34).
  • The company operates in a single reportable segment: glass & glassware.
  • Q4 FY25 figures are balancing figures between audited full year and reviewed YTD figures.
  • Previous period figures have been regrouped/reclassified for consistency.
  • No changes in accounting policies or material adjustments reported.
  • No specific commentary on margins, NPAs, slippages, or AUM (not applicable as company is manufacturing).
  • Other comprehensive income volatility mainly due to equity instruments through OCI (significant positive OCI in Q1 FY26 vs large negative in Q4 FY25).

4. Segment Information

  • Single operating segment: Glass & Glassware.
  • No further segment or geographic breakdown provided.

5. Capex, Projects, and Corporate Activity

  • No explicit disclosures on capital expenditure, ongoing/planned projects, impairments, provisions, acquisitions, disposals, restructuring, or strategic shifts in the filing.

6. Standalone vs Consolidated

  • The results presented are Standalone.
  • No consolidated financials provided or mentioned.

Summary & Key Takeaways for Investment Analysis Team

AspectObservation
Auditor’s OpinionClean limited review with no qualifications or concerns.
Revenue TrendQ1 FY26 revenue declined ~15.4% QoQ (6,526.54 vs 7,710.00) but stable YoY (6,526.54 vs 7,285.34).
ProfitabilityStable EBITDA and net profit QoQ and YoY; strong operating margins (~49%).
EPSSlight increase YoY (2.28 vs 2.13 Rs. per share).
Other Comprehensive IncomeSignificant swing to positive OCI in Q1 FY26 mainly from equity instruments.
SegmentSingle segment company; no diversification.
Accounting PoliciesNo changes or material adjustments reported.
Corporate ActionsNone reported.
Financial PositionPaid-up capital stable; strong equity base (Other Equity INR 80,217.12 Lakh as of FY25).

Recommendation:

  • Monitor revenue softness QoQ and reasons behind it (not disclosed here).
  • Positive swing in OCI may impact equity but is non-cash.
  • Stable profitability and margins indicate operational resilience.
  • No red flags from auditor or management commentary.
  • Await further disclosures on capex or strategic initiatives in future filings.

End of Report