LMW Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2025.
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LMW Limited (formerly Lakshmi Machine Works Limited) announced audited FY25 results with a significant revenue decline. Standalone revenue from operations fell to Rs. 2,909.4 crore from Rs. 4,597.1 crore in FY24, a drop of about 37%. Standalone net profit (before exceptional item) was Rs. 106.6 crore, down sharply from Rs. 371.4 crore, though it reported an exceptional gain of Rs. 131.61 crore from selling stakes in two foreign subsidiaries (LMW Textile Machinery Suzhou and LMW Global FZE) to its UAE-based wholly owned subsidiary LMW Holding Limited. The Board recommended a dividend of Rs. 30 per share (face value Rs. 10) for FY25, with record date July 10, 2025 and AGM on July 17, 2025. It also approved additional investment into LMW Holding Limited and proposed seeking shareholder approval for material related party transactions with Lakshmi Electrical Control Systems Limited. Auditors S. Krishnamoorthy & Co. gave an unmodified opinion on both standalone and consolidated results.
Despite the strong dividend payout, shareholders should note the steep decline in core operating performance, particularly in the Textile Machinery Division where revenue nearly halved. The reported profit is largely supported by a one-time gain from restructuring of foreign subsidiaries, so underlying earnings power is materially weaker than the headline PAT suggests.