LMW Limited has informed the Exchange about the transcript of the Analyst /Investor Meeting held on 15th May 2025.
LMW · price
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Awaiting price reaction for this filing.
LMW Limited reported FY25 turnover of ₹2,809 crores, down 38% from ₹4,520 crores last year, with consolidated PBT falling to ₹151 crores from ₹482 crores. The Textile Machinery Division (TMD) was the worst hit, with revenue halving to ₹1,840 crores and swinging to a ₹16 crore net loss (versus a ₹314 crore profit last year). The company holds a ₹2,965 crore TMD order book with 75% active, but management said order inflow weakness has persisted for 18 months and improvement may take two more quarters. The Machine Tool Division held steady at ₹1,003 crores with ₹59 crore profit, running at ~70% capacity with 30% headroom available. The ATC division grew to ₹169 crores (up from ₹160 crores) with profit rising to ₹17 crores and a ₹400+ crore order book visible for 24 months. Management declared a 300% dividend, sits on ₹1,300–1,400 crore cash, and guides MTD margins from ~9% today to 12% once quarterly run rate hits ₹240 crores.
Investors should brace for continued near-term weakness in the textile machinery business, which drove the bulk of the profit decline, while watching for an order intake turnaround in the next couple of quarters. The Machine Tool and ATC divisions provide a stabilising cushion, and the strong cash balance plus 300% dividend support the stock, but re-rating likely waits for visible TMD order book recovery.