Asian Paints
2703.8 42.70
Cipla
1370.4 0.80
Eicher Motors
7049 -91.00
Nestle India
1306 22.80
Grasim Inds
2787.6 52.00
Hindalco Inds.
944.45 5.25
Hind. Unilever
2390.6 22.60
ITC
324.85 0.10
Trent
3803.8 39.40
Larsen & Toubro
3793.8 27.30
M & M
3573.7 20.40
Reliance Industr
1402.5 -2.10
Tata Consumer
1175.2 11.60
Tata Motors PVeh
347.3 8.05
Tata Steel
189.1 4.69
Wipro
240.65 1.10
Apollo Hospitals
6797 -29.50
Dr Reddy's Labs
1217.5 60.30
Titan Company
4018.6 -60.60
SBI
1048.35 19.70
Shriram Finance
1005.5 19.50
Bharat Electron
417.3 14.65
Kotak Mah. Bank
426 4.40
Infosys
1663.5 9.10
Bajaj Finance
942.85 6.60
Adani Enterp.
2086.4 54.20
Sun Pharma.Inds.
1634.2 21.30
JSW Steel
1184.4 9.80
HDFC Bank
918.7 -1.65
TCS
3150.4 27.80
ICICI Bank
1345.5 -3.50
Power Grid Corpn
259.25 3.45
Maruti Suzuki
15765 -5.00
Axis Bank
1294.8 9.90
HCL Technologies
1703.1 20.60
O N G C
244.01 1.64
NTPC
342.45 3.75
Coal India
423.2 9.15
Bharti Airtel
2002.2 6.10
Tech Mahindra
1687.4 0.70
Jio Financial
262.6 -0.65
Adani Ports
1414.2 35.60
HDFC Life Insur.
725.1 0.75
SBI Life Insuran
2022 -33.40
Max Healthcare
998.8 -5.40
UltraTech Cem.
12364 133.00
Bajaj Auto
9370 191.00
Bajaj Finserv
1993.1 33.20
Interglobe Aviat
4909 51.50
Eternal
275.9 -7.60
Lykis has issued a cautionary statement regarding deteriorating external conditions that may materially impact its business and financial performance.
The Company is operating in an increasingly adverse global economic environment marked by sustained inflation, rising operating costs, and weakening consumer demand across several international markets. Significant increases in raw material prices, freight charges, energy costs, and logistics expenses are placing severe pressure on margins and profitability.
Additionally, foreign exchange volatility has intensified in key export regions, particularly in emerging economies. Currency depreciation and instability may result in lower export realizations, pricing challenges, increased hedging costs, and potential losses on receivables, adversely impacting cash flows.
The Company is also facing heightened geopolitical and security risks, including political instability, civil unrest, and armed conflicts in certain African and developing markets. These developments have already contributed to shipment delays, border disruptions, rising insurance costs, and higher operational risks, with the potential for further escalation.
Infrastructure and logistics conditions in several markets remain weak and unreliable, with persistent issues such as port congestion, transportation inefficiencies, energy shortages, and regulatory bottlenecks. These constraints may lead to execution failures, customer dissatisfaction, loss of contracts, and reduced competitiveness.
Furthermore, the Company operates across jurisdictions with frequently changing regulatory and trade policies. Sudden changes in import/export rules, taxation, tariffs, foreign exchange controls, or sanctions could result in blocked shipments, higher compliance costs, or restricted market access.
From a financial standpoint, the Company faces increasing counterparty and credit risks, including delayed payments and higher probability of customer defaults in certain markets. This may place significant strain on working capital, liquidity, and balance sheet strength.
In light of the above, Lykis cautions that future revenues, margins, and growth prospects remain highly uncertain, and business performance may remain volatile and unpredictable in the near to medium term.
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