LMW Limited has reported its financial results for the year ended March 26, 2026. The company recorded a revenue of ₹3,082 crores, an increase of 6% compared to ₹2,909 crores in the previous year. Profit Before Tax (PBT) for the year stood at ₹221 crores, a significant rise of 42% from ₹155 crores in the prior year. The financial performance includes exceptional items amounting to approximately ₹11.5 crores for the year and ₹1.68 crores for the quarter, attributed to the new labor code and VRS outgo.

Segment Performance

The Textile Machinery Division (TMD) reported revenue of ₹1,801 crores for the current year, slightly down by 2% from ₹1,840 crores. However, the division returned to profitability, recording a profit of ₹9.75 crores compared to a loss of ₹15.64 crores in the previous year. The Machine Tool Division and Foundry saw revenue grow to ₹1,205 crores from ₹1,003 crores. The Advanced Technology Centre (ATC) contributed ₹207 crores in revenue, up from ₹169 crores.

Order Book and Outlook

The company holds a total order book of ₹3,300 crores, with active orders amounting to approximately ₹2,300 crores. The sales mix for the year was 66% domestic, 8% exports, and 26% spares. Management indicated a positive outlook for the textile sector, noting improved spreads for cotton spinners and increased order intake in the fourth quarter. The Machine Tool division continues to see strong traction, particularly in the defense and aerospace sectors.

Consolidated Results

On a consolidated basis, revenue reached ₹3,353 crores for the current year against ₹3,137 crores in the previous year. Consolidated profit stood at ₹195 crores, compared to ₹151 crores in the prior year. The company also addressed investor queries regarding capacity utilization, which is currently around 50-55% for the textile division and 70-75% for the machine tool division.

LMW has recommended a final dividend of ₹35 per share for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting. The board has fixed Friday, July 17, 2026, as the record date to determine shareholder eligibility. The Register of Members and Share Transfer Books will remain closed from Saturday, July 18, 2026, to Friday, July 24, 2026, both days inclusive, for the purpose of the Annual General Meeting and dividend payment.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net profit of ₹54.37 crore, an increase from ₹49.12 crore in the corresponding quarter of the previous year. Revenue from operations rose to ₹853.69 crore compared to ₹788.81 crore year-on-year. Total income from operations reached ₹889.37 crore, up from ₹822.47 crore in the same period last year.

Corporate Decisions

The board has recommended the re-appointment of Sri Sanjay Jayavarthanavelu as Managing Director for a period of five years commencing from April 1, 2027. Additionally, the board recommended the re-appointment of Sri M Sankar as Wholetime Director (Designated as Director Operations) for three years starting October 25, 2026. The company also approved the appointment of Sri Narayanan Vellayan as an Independent Director for a term of five years effective July 25, 2026. Furthermore, the board approved an additional investment in LMW Holding Limited, a wholly-owned subsidiary in the UAE, for a cash consideration not exceeding USD 30 million. The board also recommended the appointment of M/s Brahmayya & Co., Chartered Accountants, as the Statutory Auditors for a term of five years commencing from the financial year 2026-27, subject to shareholder approval.