LFIC2022-10-012022-12-31 LFIC2022-10-012022-12-31 LFIC2022-10-012022-12-31in-bse-fin:OneOperatingExpenses01Member LFIC2022-10-012022-12-31in-bse-fin:FourOperatingExpenses01Member LFIC2022-12-31 LFIC2022-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares LFIC 0 Lakshmi Finance & Industrial Corporation Limited Equity 2022-04-01 2023-03-31 2023-02-10 2023-02-02 INR Lakhs Third quarter 2023-02-10 12:00:00 2023-02-10 14:00:00 false Not applicable Single segment FINANCIAL -INVESTMENTS 2022-10-01 2022-12-31 Unaudited Standalone 1043000.00 2190000.00 0.00 0.00 7079000.00 4140000.00 0.00 0.00 0.00 14452000.00 1399000.00 15851000.00 0.00 0.00 0.00 3398000.00 61000.00 356000.00 0.00 0.00 0.00 0.00 566000.00 4381000.00 11470000.00 0.00 11470000.00 250000.00 1400000.00 1650000.00 9820000.00 0.00 0.00 0.00 0.00 9820000.00 0.00 9820000.00 0.00 0.00 30000000.00 10 3.27 3.27 0.00 0.00 3.27 3.27 0.00 0.00 0.00 The above results are reviewed by the Audit Committee and approved by the Board at its meeting held on 10th February, 2023. The Company is engaged mainly in the business of financial activities, i.e. Portfolio Investments. Since all the activities are related to the main activity, there are no reportable segments as per Ind AS-108. The Company has initiated legal proceedings before the District Court, Adoni (AP) to regain the possession of lands costing Rs. 11,58,871/- from trespassers. In the absence of convincing evidence that the company will pay normal Income Tax within the specified period, the Minimum Alternative Tax (MAT) credit is not recognised to the extent Rs.23,828,238/- as an asset and the situation shall be reviewed at each Balance Sheet date. Provision as per RBI guidelines if any, will be considered at the end of the year. The above results have been subjected to Limited Review by Auditors of the Company. Single segment 2022-04-01 2022-12-31 Unaudited Standalone 3283000.00 6010000.00 0.00 0.00 0.00 9102000.00 0.00 0.00 0.00 18395000.00 4098000.00 22493000.00 0.00 0.00 0.00 10178000.00 204000.00 1067000.00 0.00 1414000.00 0.00 0.00 1819000.00 14682000.00 7811000.00 0.00 7811000.00 1458000.00 -2510000.00 -1052000.00 8863000.00 0.00 0.00 0.00 0.00 8863000.00 0.00 8863000.00 0.00 0.00 30000000.00 10 2.95 2.95 0.00 0.00 2.95 2.95 0.00 0.00 0.00 Other expenses 566000.00 Other expenses 1819000.00 0.00 0.00 0.00 0.00 0.00 0.00