| Revenue growth | Flat QoQ; 24% YoY growth driven by domestic textile machine demand. |
|---|---|
| Margins | Sequential contraction in machine tools due to lower top-line and currency. |
| Order book | Robust 3,200 Cr TMD order book with 2,400 Cr active orders. |
| Demand visibility | Positive domestic visibility supported by state policies and FTAs. |
| Management confidence | Balanced; cautious on machine tool margins, optimistic on long-term textile demand. |
Growth
Textile Machinery revenue up 16% YoY; Machine Tool revenue grew 36% YoY, though margins sequentially declined.
Outlook
Order book stands at 3,200 Cr for TMD and 1,000 Cr for ATC over 3-3.5 years.
Risks
Rising commodity/logistics costs (3-3.5%) and currency depreciation threaten machine tool profitability. Secular textile demand remains gradual.
Last quarter's promises, checked
Delivered
- Guided 20% potential growth in MTD capacity → Delivered 36% YoY growth (= BEAT)
- Guided ATC infrastructure expansion → 50% of Capex deployed to ATC (= BEAT)
- Guided 195 Cr ATC revenue → Delivered 195 Cr (= BEAT)
Partly delivered
- Guided 360 Cr ATC order book → Delivered 1000 Cr over 3.5 years (= PARTIAL)
- Guided margin maintenance via cost management → Sequential margin contraction in MTD (= PARTIAL)
Missed
- Guided 3300 Cr TMD order book → Delivered 3200 Cr (= MISS)
Earnings Call Transcript filed with BSE, NSE: LMW. Summary written with AI assistance from the document.
LMW Ltd: key numbers
- Share price
- ₹16,910.00
- Market cap
- ₹18,065 Cr
- Revenue (annual)
- ₹3,207 Cr
- Net profit (annual)
- ₹130.7 Cr
- P/E (TTM)
- 103.3×Sector 53.9×
- Promoter holding
- 30.80%+0.00% QoQ
- FII holding
- 5.45%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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