Laxmi Organic Industries Ltd has reported total income of Rs.521.27 crores during the period ended March 31, 2021 as compared to Rs.437.43 crores during the period ended December 31, 2020. The company has reported total income of Rs.387.92 crores during the period ended March 31, 2020.

The company has posted net profit of Rs.36.34 crores for the period ended March 31, 2021 as against net profit of Rs.45.21 crores for the period ended December 31, 2020. It posted net of Rs.10.04 crores for the period ended March 31, 2020.

Laxmi Organic Industries has reported total income of Rs.1773.06 crores during the 12 months period ended March 31, 2021 as compared to Rs.1538.62 crores during the 12 months period ended March 31, 2020.

It has posted net profit of Rs.127.03 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.70.10 crores for the 12 months period ended March 31, 2020.

During the year, the company completed the Initial public offer of 4,61,53,846 equity shares of face value of Rs. 2/- each at a price of Rs. 130/- per share (including a premium of Rs. 128/- per share) aggregating to Rs. 600 crore. The offer comprised of a fresh issue of 2,30,76,923 equity shares aggregating to Rs.3,000.00 million and an offer for sale of 2,30,76,923 equity shares aggregating to Rs. 3,000.00 million by Yellow Stone Trust.

The spread of COVID-19 has severely impacted business around the globe. In many countries including India, there had been severe disruption of regular business operations in the first quarter of the financial year due to lock down, disruption in transportation, supply chain, travel bans, quarantines, social

distancing and other emergency measures. The company, however successfully restarted operations and achieved higher turnover and production aided by improved pricing and demand. Towards the end of the current financial year, once again COVID-19 concerns came back.

The company has put in place significant safeguards for the safety of the employees based on various Government advisories. Lockdown by local authorities, from time to time, is however a possibility. The Company is confident of successfully dealing with the same including safeguarding its regular supply of raw materials and logistics services given the experience of the previous year. The Company believes that it has taken into consideration all the possible impacts of known events arising from COVID-19 pandemic in the preparation of standalone financial statements. However, the impact assessment of COVID-19 is a continuing process given the uncertainties associated with its nature and duration. The company will continue to monitor any material changes in future economic conditions.