LMW Limited reported a standalone net profit of ₹66.01 crore for the quarter ended June 30, 2026 (Q1FY26), marking a 169% year-on-year increase from ₹24.47 crore in Q1FY25. This surge was driven by a 24.5% rise in revenue from operations to ₹853.30 crore and significant improvement in operating margins. Consolidated net profit stood at ₹55.52 crore, up from ₹11.47 crore in the corresponding period of the previous fiscal, signaling strong operational leverage and cost management efficiency. The Board of Directors, meeting on July 24, 2026, approved an amendment to the Memorandum of Association to facilitate entry into emerging sectors including Electric Vehicles and Robotics, subject to shareholder approval via postal ballot.

The financial results were approved pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. S. Krishnamoorthy & Co., the statutory auditors, issued a limited review report confirming that the financial statements present a true and fair view in accordance with Ind AS 34. The results were certified by CFO V Senthil and Chairman and Managing Director Sanjay Jayavarthanavelu. The company disclosed an exceptional item representing compensation of ₹2.41 crore towards the Voluntary Retirement Scheme opted for by employees. On July 27, 2026, LMW Limited resubmitted these results to the National Stock Exchange of India Limited in the requested Machine-Readable Format, confirming that the financial figures remain unchanged from the initial filing on July 24, 2026.

Financial Performance

Standalone total income rose to ₹891.47 crore from ₹721.73 crore in Q1FY25. Profit before tax increased to ₹82.60 crore from ₹32.53 crore. Earnings per share (basic) jumped to ₹61.79 from ₹22.91. On a consolidated basis, total income from operations was ₹901.73 crore, compared to ₹730.74 crore in Q1FY25. Consolidated EPS reached ₹51.97, up from ₹10.74.

Segment-wise Results

The Textile Machinery Division contributed ₹482.09 crore in standalone segment revenue, while the Machine Tool & Foundry Division added ₹343.03 crore. The Advanced Technology Centre generated ₹59.54 crore. In consolidated terms, the Textile Machinery Division reported segment revenue of ₹492.34 crore. Notably, the Textile Machinery Division’s standalone segment result turned positive at ₹10.90 crore, recovering from a loss of ₹11.16 crore in Q1FY25.

Strategic Expansion

The Board approved an amendment to Clause III(a) of the Memorandum of Association to expand the company’s object clause. This change aims to facilitate entry into Pharmaceuticals and Life Sciences, Specialty Chemicals and Advanced Materials, Electric Vehicles and Mobility, Renewable Energy, Electronics Manufacturing, and Robotics and Automation. Shareholders will vote on this proposal through a postal ballot process, with MDS & Associates LLP appointed as the scrutinizer.

What the Numbers Show

A key driver of the profit surge is the significant improvement in operating margins alongside revenue growth. Standalone profit before exceptional items and tax more than doubled to ₹85.01 crore from ₹33.82 crore, outpacing the 24.5% revenue growth. This divergence indicates enhanced operational leverage and cost management. Additionally, the recovery in the Textile Machinery Division’s segment profitability signals a stabilization in this core business unit after reporting losses in the prior year period.

lmw shareholders approved all ten resolutions tabled at its 63rd Annual General Meeting (AGM) held on July 24, 2026, securing continuity in leadership and governance structures. The meeting, conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM), saw high participation with over 76 lakh valid votes cast on most items, reflecting strong shareholder engagement in the company’s strategic direction. This outcome ensures the re-appointment of key executives and ratification of financial statements for FY26.

The Board sought approval for several critical appointments and administrative matters in compliance with Regulation 30 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Sections 108 and 109 of the Companies Act, 2013. M D Selvaraj, Managing Partner of MDS & Associates LLP, served as the scrutinizer for the remote e-voting and AGM e-voting processes. The remote e-voting period ran from July 21 to July 23, 2026.

Leadership and Governance Appointments

Shareholders re-appointed Sanjay Jayavarthanavelu as Managing Director for a period of five years, effective April 1, 2027, via a special resolution that received 93.53% support. In another special resolution, M Sankar was re-appointed as Whole-time Director (designated as Director Operations) for three years, effective October 25, 2026, garnering 94.69% assent.

The board composition was further strengthened with the re-appointment of Aroon Raman as an Independent Director for a second term of five years, effective May 11, 2027, which passed with 99.95% support. Narayanan Vellayan was appointed as an Independent Director for a first term of five years, effective July 25, 2026, receiving near-unanimous approval of 100%. M Sankar was also re-appointed as a Director on retirement by rotation under an ordinary resolution, passing with 94.59% support.

Financial and Audit Resolutions

The assembly adopted the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors. This ordinary resolution passed with 100% support. Members also approved the declaration of dividend for FY26 via an ordinary resolution, which also received 100% assent.

M/s. Brahmayya & Co. (Firm Registration No. 000511S), Chartered Accountants, were appointed as the Statutory Auditors of the Company through an ordinary resolution that secured 99.98% support. Furthermore, the remuneration payable to Sri A N Raman (Membership No: 5359) as Cost Auditor for the financial year 2026-27 was ratified with 100% support.

Related Party Transactions

An ordinary resolution approving material related party transactions to be entered into with Lakshmi Electrical Control Systems Limited was passed with 100% support. Pursuant to Regulation 23(4) of the SEBI Listing Regulations, 25 related party shareholders holding 32,90,062 shares abstained from voting on this specific resolution to ensure compliance with regulatory norms.

Voting Details

What the Numbers Show

The voting patterns indicate robust shareholder confidence in the company’s management team, particularly evident in the overwhelming support for independent director appointments and financial statement adoption. While the re-appointment of the Managing Director and Whole-time Director faced slightly higher dissent levels (6.47% and 5.31% respectively), both resolutions comfortably cleared the requisite majority thresholds for special resolutions. The uniform 100% approval for financial and dividend resolutions suggests alignment between the Board’s performance reporting and shareholder expectations.