Le Merite Exports Limited, an NSE SME-listed textile company, announced its consolidated financial results for the half-year ended September 30, 2025 (H1 FY26), reporting a significant rise in profitability driven by cost discipline and stable revenue performance.
Revenue performance
For the half year ended September 2025, revenue from operations stood at Rs 212.6 crore, compared to Rs 296.9 crore in the same period last year — marking a decline of 28.4% year-on-year. Including other income of Rs 2.26 crore, the company’s total income reached Rs 214.9 crore, down 28.7% YoY from Rs 301.7 crore in H1 FY25.
Despite the moderation in topline, Le Merite Exports maintained operating efficiency through effective cost control and working capital management.
Expenses and operating margins
Total expenditure during the half-year period was Rs 203.9 crore, compared to Rs 297.5 crore a year earlier, reflecting a drop of 31.4% YoY.
Key cost components included:
- Purchases: Rs 185.99 crore (vs Rs 272.51 crore in H1 FY25)
- Employee benefits: Rs 8.02 crore (vs Rs 14.31 crore YoY)
- Finance cost: Rs 3.89 crore (vs Rs 4.42 crore YoY)
- Depreciation: Rs 0.69 crore (vs Rs 0.45 crore YoY)
- Other expenses: Rs 10.93 crore (vs Rs 11.63 crore YoY)
The reduction in material and administrative costs contributed to stronger operating leverage during the period.
Profit and tax
Le Merite Exports reported a profit before tax (PBT) of Rs 10.94 crore, compared to Rs 4.23 crore in the corresponding period last year — an increase of 158.6% YoY.
After accounting for tax expenses of Rs 2.45 crore, the company’s net profit stood at Rs 8.49 crore, up 186% year-on-year from Rs 2.97 crore in H1 FY25.
The company also recorded a minority interest adjustment of Rs 0.03 crore, bringing the profit for the year to Rs 8.51 crore.
Financial summary (Rs crore)
| Particulars | H1 FY26 | H1 FY25 | YoY % Change |
|---|---|---|---|
| Revenue from operations | 212.6 | 296.9 | -28.4% |
| Other income | 2.3 | 4.9 | -53.0% |
| Total income | 214.9 | 301.7 | -28.7% |
| Total expenditure | 203.9 | 297.5 | -31.4% |
| Profit before tax | 10.9 | 4.2 | +158.6% |
| Net profit | 8.5 | 3.0 | +186.0% |
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