{"id":178378,"date":"2026-01-29T13:52:54","date_gmt":"2026-01-29T18:52:54","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178378"},"modified":"2026-01-29T13:52:54","modified_gmt":"2026-01-29T18:52:54","slug":"lmw-limited-reports-flat-revenue-and-lower-profit-in-q3-fy26","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/lmw-limited-reports-flat-revenue-and-lower-profit-in-q3-fy26\/","title":{"rendered":"LMW Limited reports flat revenue and lower profit in Q3 FY26"},"content":{"rendered":"\n

LMW Limited<\/strong> (LMW.NS) reported largely unchanged revenue and weaker profitability for the third quarter ended December 2025, as subdued textile machinery demand<\/strong> and one-time regulatory costs<\/strong> continued to weigh on earnings. Market capitalization was about \u20b9155.6 billion, reflecting share price trends and investor sentiment around cyclical demand in capital goods.<\/p>\n\n\n\n

Revenue from operations for the quarter stood at \u20b9767 crore, compared with \u20b9776 crore in the preceding quarter. Profit before tax declined to \u20b956 crore from \u20b959 crore in the September quarter, reflecting higher employee-related expenses<\/strong> and exceptional compliance-related charges<\/strong>.<\/p>\n\n\n\n

Financial Performance<\/strong><\/h2>\n\n\n\n

For the nine months ended December 2025, the textile machinery and engineering equipment maker posted revenue of \u20b92,228 crore, up from \u20b92,120 crore in the corresponding period last year. Profit before tax for the period rose to \u20b9149 crore from \u20b993 crore a year earlier, supported by stronger performance in the machine tools and foundry segment<\/strong>.<\/p>\n\n\n\n

During the quarter, LMW recorded exceptional expenses of about \u20b911.5 crore related to new labor regulations<\/strong>, along with \u20b91.29 crore toward voluntary retirement schemes<\/strong>. These one-time items reduced reported profitability and limited margin expansion during the period.<\/p>\n\n\n\n

On a consolidated basis, revenue for the nine-month period increased to \u20b92,274 crore from \u20b92,008 crore a year earlier, while consolidated profit rose to \u20b9104 crore from \u20b990 crore.<\/p>\n\n\n\n

Segment and Operational Performance<\/strong><\/h2>\n\n\n\n

The Textile Machinery Division (TMD), the company\u2019s largest business, reported quarterly revenue of \u20b9440 crore, down from \u20b9461 crore in the previous quarter. For the nine months ended in December, TMD revenue declined about 2% year over year to \u20b91,316 crore, reflecting weak capital spending by textile manufacturers<\/strong>.<\/p>\n\n\n\n

The division posted a quarterly loss of \u20b93 crore, though cumulative losses narrowed from the prior year due to cost controls and restructuring measures<\/strong>. However, lower capacity utilization<\/strong> continued to weigh on operating efficiency, prompting the company to maintain a five-day workweek at several facilities.<\/p>\n\n\n\n

Overseas operations delivered mixed results. LMW Global recorded nine-month revenue of \u20b9128 crore, up from \u20b975 crore a year earlier, but posted a quarterly loss of \u20b925 crore due to soft export demand and limited operating leverage<\/strong>. Operations in China reported stable revenue but higher losses, reflecting persistent pricing and demand pressures<\/strong>.<\/p>\n\n\n\n

The Machine Tool and Foundry Division remained the main growth driver, with nine-month revenue rising to \u20b9853 crore from \u20b9728 crore in the prior year. About 12% of this came from the foundry segment. The ATC business also reported higher turnover of \u20b9150 crore, supported by steady industrial demand<\/strong>.<\/p>\n\n\n\n

As of December 2025, LMW\u2019s order book stood at about \u20b92,600 crore, including confirmed orders of around \u20b91,500 crore. Domestic customers accounted for 65% of nine-month sales, while exports contributed 9% and spares made up 26%.<\/p>\n\n\n\n

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Cost and Margin Drivers<\/strong><\/h2>\n\n\n\n

Profitability during the quarter was affected by labor cost inflation following regulatory changes<\/strong>, restructuring expenses, and lower utilization in the textile machinery segment. Stable input prices and energy costs provided limited support to margins.<\/p>\n\n\n\n

The company continued to emphasize cost rationalization, productivity improvements, and operational efficiency<\/strong> to mitigate margin pressures.<\/p>\n\n\n\n

Management Commentary<\/strong><\/h2>\n\n\n\n

Management said it remains focused on strengthening the order pipeline<\/strong>, improving execution capabilities, and expanding selectively in overseas markets. Investments in automation, digitalization, and advanced manufacturing platforms<\/strong> remain key priorities.<\/p>\n\n\n\n

Executives highlighted the need to monitor domestic textile demand closely while maintaining service networks in export markets. Disciplined capital allocation and working capital management continue to guide strategic decisions.<\/p>\n\n\n\n

Market Reaction and Outlook<\/strong><\/h2>\n\n\n\n

LMW shares traded modestly lower following the results announcement, reflecting investor caution over profitability pressures in the textile machinery business. The company said it will continue to prioritize order execution, margin recovery, and capacity utilization improvement in the coming quarters. Management reiterated its focus on strengthening the order book and managing regulatory and demand-related risks.<\/p>\n","protected":false},"excerpt":{"rendered":"

LMW Limited (LMW.NS) reported largely unchanged revenue and weaker profitability for the third quarter ended December 2025, as subdued textile machinery demand and one-time regulatory costs continued to weigh on earnings. Market capitalization was about \u20b9155.6 billion, reflecting share price trends and investor sentiment around cyclical demand in capital goods. Revenue from operations for the […]<\/p>\n","protected":false},"author":2399,"featured_media":125269,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,392,5753,5],"tags":[15013,15011,15014,15012,2132,12478],"class_list":["post-178378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-earnings","category-industrials","category-latest","tag-foundry","tag-lmw","tag-lmw-global","tag-machine-tool","tag-manufacturing","tag-textile-machinery"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":172843,"url":"https:\/\/alphastreet.com\/india\/lmw-q2-fy26-earnings-results\/","url_meta":{"origin":178378,"position":0},"title":"LMW Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"December 1, 2025","format":false,"excerpt":"Lakshmi Machine Works Ltd is a leading Textile Machinery Manufacturer in India engaged in the manufacturing and selling of textile spinning machinery, CNC Machine Tools, Heavy castings, and parts and components catering to diverse sectors. \u00a0 Q2 FY26 Earnings Results Revenue from Operations: \u20b9821.88 crore, up 18.4% QoQ, up 6.9%\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"LMW Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/LMW-Q2-FY26-Earnings-Results-839x1024.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/LMW-Q2-FY26-Earnings-Results-839x1024.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/LMW-Q2-FY26-Earnings-Results-839x1024.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":148645,"url":"https:\/\/alphastreet.com\/india\/lakshmi-machine-works-indias-textile-boom\/","url_meta":{"origin":178378,"position":1},"title":"Lakshmi Machine Works: India’s Textile Boom","author":"Karan_Singh","date":"June 14, 2023","format":false,"excerpt":"\u201cCurrently we hold an order book of around 5,930 Crores and these have been lined up for execution over the next four quarters. 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