LMW Limited held an analyst call to discuss its Q3 FY26 performance. Key highlights include revenue of ₹767 crores, PBT of ₹56 crores, and an exceptional item of ₹11.5 crores. The company discussed segment performance, order book, and future outlook, addressing questions from analysts about demand recovery and competitive landscape. LMW is focusing on efficiency and new product development during this time.
Q3 FY26 Financial Performance
LMW Limited reported revenue of ₹767 crores for Q3 FY26, consistent with the previous quarter. The nine-month revenue stood at ₹2228 crores compared to ₹2120 crores for the same period last year. The Profit Before Tax (PBT) for the quarter was ₹56 crores, with ₹149 crores for the nine-month period compared to ₹93 crores in the previous year. There was an exceptional item of around ₹11.5 crores due to new Labour Code regulations. VRS costs for Q3 amounted to ₹1.29 crore.
Segment Performance
The Textile Machinery Division (TMD) revenue was ₹440 crores for the quarter, with a nine-month turnover of ₹1316 crores. This represents a 2% reduction. TMD reported a loss of ₹3 crores for the quarter. LMW Global’s nine-month turnover was ₹128 crores, while LMW China’s nine-month turnover stood at ₹52 crores. The Machine Tool Division and Foundry achieved revenue of ₹853 crores for the nine-month period, with 12% attributed to the Foundry Division. The revenue for ATC was ₹150 crores for the nine months.
Order Book and Outlook
LMW currently holds an order book of ₹2600 crores, with actual orders around ₹1500 crores. Domestic sales account for 65%, exports 9%, and spares 26% of the sales mix. The company continues to operate a five-day working week for the Textile Machinery Division due to lower capacity utilization.
Analyst Q&A Highlights
Analysts inquired about demand recovery, particularly in the textile sector. LMW anticipates a demand pickup based on historical data, but factors such as tariffs are affecting the market. The company is focused on maintaining cost efficiency and investing in new product development. Export order book stands at ₹139 crores. ATC order book is around ₹360 odd crores which is deliverable over one and a half years.
Source: BSE
