The Audited Financial Results of the Company for the quarter and year ended 31st March 2026 are attached.
LMW · price
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LMW Limited reported standalone revenue from operations of ₹3,081.84 crore for FY26, up 5.9% from ₹2,909.40 crore in FY25. However, net profit after tax declined sharply to ₹153.92 crore from ₹238.24 crore in FY25, a fall of about 35%, because FY25 included a one-time exceptional gain of ₹131.61 crore from the sale of two wholly-owned subsidiaries. Without that one-time gain, underlying operating profit improved from ₹155.26 crore to ₹221.06 crore. The company recommended a dividend of ₹35 per share (350%). Auditors issued an unmodified (clean) opinion on both standalone and consolidated results. The company also announced a change in statutory auditors (from S Krishnamoorthy & Co to Brahmayya & Co) and key director re-appointments.
The profit decline looks alarming on the surface but is largely due to a non-recurring exceptional gain in the prior year; underlying business performance actually improved. The clean audit opinion and dividend signal financial stability, though investors should note the ongoing related party transaction with Lakshmi Electrical Control Systems Limited requiring shareholder approval.