Q2 2026 LMW Ltd Earnings Call Transcript
Key Points
- LMW Ltd (BOM:500252) reported a 15% increase in revenue for the quarter ended September 2025, reaching INR790 crores compared to INR690 crores in September 2024.
- The company's profit before tax (PBT) increased significantly to INR92 crores for the current period from INR54 crores in the previous period.
- The textile machinery division saw an 11% increase in revenue for the quarter ended September 2025, reaching INR461 crores compared to INR415 crores in the previous quarter.
- LMW Ltd's order book stands strong at INR2,700 crores, with active orders around INR1,400 crores.
- The machine tool and foundry division reported a turnover of INR550 crores for the first half ended September 2025, up from INR478 crores in the corresponding previous period.
- The textile CapEx cycle continues to show weakness, impacting the company's growth in this segment.
- TMT revenue for H1 decreased by 3%, standing at INR876 crores compared to INR896 crores for the corresponding previous period.
- Capacity utilization remains low at around 40% to 45% in the textile machinery division, indicating underutilization of resources.
- The company is still operating on a 5-day working week due to lower capacity utilization, affecting overall productivity.
- Export markets, particularly China, face ongoing challenges with tariff discussions, impacting order flow and market stability.
Ladies and gentlemen, good day and welcome to the earnings call of LMW Limited Q2 2026.
(Operator Instructions)
We have with us Mr. Sentil, Chief Financial Officer. And Dhana Lakshmi. Associate Vice President of the company. Over to you, sir.
Good afternoon, everyone, and thank you for joining the LMW Limited earnings call for Q2 FY 25-26.
We will have a brief about the overall performance of the company for the period ending September 25, followed by an interactive session.
I would also like to clarify that certain statements made in the discussion of the conference will be forward-looking in nature.
To begin with, let me explain the overall performance of the company, then we'll proceed to the segment-wise performance and consolidated performance.
There has been a lot of development since the last time we had the call post Cuban results.
A tariff at 50%. The possible GST changes brought in by the government, the PLA changes. However, we
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