LMW Reports FY26 Revenue of ₹3,353 Crore, Up 6%; PBT Rises 42%
LMW Limited reported FY26 consolidated revenue of ₹3,353 crore, up 6%, and PBT of ₹211 crore, up 42%. TMD revenue was ₹1801 crore with a turnaround to profit. The company holds an order book of ₹3,300 crore. ATC division shows strong export potential, and a US$30 million investment is planned for UAE operations.
The substantial increase in revenue and PBT, coupled with a strong order book and strategic investments in growth areas like ATC and UAE operations, indicates a significant positive impact on the company's financial health and future prospects.
The company reported increased revenue and a significant rise in PBT. The order book remains strong, and positive outlooks for key divisions like Textile Machinery and ATC contribute to a positive sentiment.
LMW Limited announced its financial results for the year ended March 26, reporting a consolidated revenue of ₹3,353 crore, an increase of 6% from ₹3,137 crore in the previous year. Profit Before Tax (PBT) for the year stood at ₹221 crore, a significant jump of 42% from ₹155 crore in the previous year. The company also noted exceptional items of ₹11.5 crore and ₹1.68 crore impacting the period ending March 26, attributed to the new labor code and Voluntary Retirement Scheme (VRS) outgo.
The Textile Machinery Division (TMD) reported revenue of ₹1801 crore for the current year, a marginal decrease of 2% from ₹1840 crore in the previous year. However, the division's profit turned around to ₹9.75 crore from a loss of ₹15.64 crore in the prior year. The order book for TMD stands at ₹3300 crore, with active orders around ₹2300 crore. The sales ratio for domestic exports to spares was 66:8:26%.
LMW Global's turnover was ₹184 crore, up from ₹146 crore in the previous year, though it incurred a loss of ₹32 crore compared to a profit of ₹1.9 crore. The order book for LMW Global is ₹44 crore. LMW China saw its turnover increase to ₹130 crore from ₹67 crore, achieving breakeven against a loss of ₹6.8 crore previously. Its order book is ₹120 crore.
The Machine Tool division and Foundry reported revenue of ₹1205 crore, up from ₹1003 crore. The ATC division's revenue was ₹207 crore, up from ₹169 crore. During the investor call, the company highlighted positive traction in the Machine Tool division, particularly in defense and aerospace, with existing capacities allowing for a 20% growth. The ATC division, focused on precision engineering for aerospace and defense, has an order book of ₹360 crore to be executed over 18 months, with significant export potential. The company is also exploring export growth opportunities in GCC countries, with a US$30 million investment approved for its holding company in UAE for working capital and exploring growth opportunities.
Management noted that the textile industry is showing improvement, with good spreads and profitability for cotton spinners. While synthetic fiber faced challenges due to volatile crude prices, the overall outlook for the textile sector is positive. The company is actively managing rising logistics and raw material costs. Significant capex has been invested in the ATC division to support its growth, with plans for a new, larger facility.
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