Last Mile Enterprises reports significant growth in FY25

LMEL reported a substantial increase in standalone revenue from operations, reaching INR 3021.18 Lakhs in FY25, up from INR 22.96 Lakhs in FY24. Consolidated revenue also surged to INR 38515.83 Lakhs, compared to INR 13102.44 Lakhs in the previous year. This performance translated into standalone profit after tax of INR 1058.76 Lakhs (FY24: INR 103.09 Lakhs) and consolidated profit after tax of INR 1795.43 Lakhs (FY24: INR 300.41 Lakhs). The board recommended a final dividend of 2% (INR 0.02 per share) on equity shares of INR 1 each.

Key operational highlights include the expansion of the SunBless Coatings Division, with its patented Japanese technology solutions adopted by major institutions and approved by the Dubai Municipality. The Consumer Electronics vertical, led by Just Corseca and Damson Technologies, commenced operations at a new state-of-the-art facility in Changodar, Ahmedabad, capable of producing one million units per month, and initiated product dispatches to the APAC region.

The real estate arm, Fairlane Realty, continued to redefine urban living in Mumbai with projects like Trio Balaji and Jaiaditya Lalji Nathu. During FY25, LMEL increased its authorized capital and issued equity shares and warrants on a preferential basis to fund business expansion and improve financial performance. The company also undertook a 1:10 stock split, changing its equity share face value from INR 10 to INR 1.