LMW Limited held its Q3FY26 earnings call on January 29, 2026, providing detailed insights into the company's performance and strategic outlook. The call was hosted by NSDL with CFO V. Senthil and Associate Vice President B. Dhanalakshmi addressing investor queries about the textile machinery manufacturer's quarterly results and future prospects.

Financial Performance Overview

During the earnings call, management confirmed that revenue for Q3FY26 stood at ₹767 crores compared to ₹776 crores in the previous quarter, showing flat performance. The company reported a Profit Before Tax (PBT) of ₹56 crores for the quarter against ₹59 crores in the immediate previous quarter.

The management highlighted exceptional expenditure of ₹11.50 crores during the quarter, primarily due to new Labour Code regulations implementation, along with ₹1.29 crores incurred towards Voluntary Retirement Scheme.

Textile Machinery Division Faces Headwinds

The Textile Machinery Division (TMD) reported revenue of ₹440 crores for Q3FY26 against ₹461 crores in the previous quarter. For the nine-month period, turnover was ₹1,316 crores compared to ₹1,347 crores in the corresponding previous year, representing a 2% reduction. The division reported a loss of ₹3 crores for the current quarter.

Management noted that the company continues operating a five-day working week for the Textile Machinery Division due to lower capacity utilization, with current utilization below 50%. The sales mix for the nine-month period comprised 65% domestic sales, 9% exports, and 26% spares.

Machine Tool Division Shows Promise

The Machine Tool Division and Foundry segment demonstrated stronger performance with revenue of ₹853 crores for the nine-month period ending December 2025, compared to ₹728 crores in the corresponding previous period. Management expressed optimism about continued growth in this sector, particularly in machining centers and VMCs (Vertical Machining Centers).

The division currently operates at 75% capacity utilization, providing bandwidth for future growth. Management highlighted the launch of new products including drill tap centers (J1 and J2 models) for electronic component machining, targeting the growing EMS (Electronic Manufacturing Services) market in India.

Export Challenges and Subsidiary Performance

LMW Global reported turnover of ₹128 crores for the nine-month period against ₹75 crores in the previous year, but recorded a loss of ₹25 crores compared to a profit of ₹1.50 crores previously. The China subsidiary (LMW Textile Machinery Suzhou) reported turnover of ₹52 crores with losses of ₹11 crores.

Management attributed export challenges to economic difficulties in key markets including Bangladesh and Turkey, while noting positive developments in Indonesia, Vietnam, and Egypt.

Advanced Technology Centre Growth

The Advanced Technology Centre (ATC) reported revenue of ₹150 crores for the nine-month period against ₹123 crores in the corresponding previous period. The division, which focuses 90% on exports, has built an order book of approximately ₹360 crores deliverable over one and a half years. The composite business within ATC contributes 20% of turnover, with recent billing improvements contributing to better margins.

LMW Limited has announced receiving an ESG (Environmental, Social, and Governance) rating from NSE Sustainability Ratings & Analytics Limited, as disclosed to stock exchanges on January 9, 2026. The disclosure was made in compliance with regulatory requirements under SEBI listing obligations.

Regulatory Compliance and Disclosure

The company made this announcement pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also follows guidelines outlined in Para A of Part A of Schedule III to the SEBI Listing Regulations and SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Independent Assessment Details

LMW Limited clarified important aspects of this ESG rating process:

The company emphasized that it did not directly engage NSE Sustainability for obtaining this ESG rating. Instead, NSE Sustainability conducted an independent assessment based entirely on data available in the public domain.

Corporate Communication

The disclosure was signed by C R Shivkumaran, Company Secretary and Compliance Officer of LMW Limited, and digitally authenticated on January 9, 2026. The company has also made this information available on its official website at www.lmwglobal.com for stakeholder access.

Market Presence

LMW Limited, formerly known as Lakshmi Machine Works Limited, is listed on both major Indian stock exchanges. The company trades on BSE Limited under scrip code 500252 and on the National Stock Exchange under the symbol LMW.

This ESG rating disclosure reflects the growing emphasis on sustainability reporting and transparency in corporate governance practices among listed companies in India.