LMW LimitedQ2 FY27 Results & Financial Update
LMW Limited: Q2 FY27 consolidated results and company financials – revenue ₹1,138.22 Cr, PAT ₹71.23 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore LMW Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
LMW Limited reported consolidated revenue from operations of INR 1,138.22 crore for the quarter ended September 30, 2026, marking a robust sequential increase of 31.20% compared to INR 867.56 crore in Q1 FY27.
Consolidated profit before tax (PBT) for Q2 FY27 stood at INR 102.54 crore, advancing 42.20% from INR 72.11 crore in the preceding June 2026 quarter.
Consolidated profit after tax (PAT) reached INR 71.23 crore for the quarter, expanding 28.30% over the INR 55.52 crore recorded in Q1 FY27.
Basic and diluted earnings per share (EPS) for the consolidated entity rose to INR 66.68 for the quarter, compared to INR 51.97 in the previous quarter.
The sequential top-line growth was supported by higher segment activity across the Textile Machinery Division and the Machine Tool & Foundry Division, alongside contributions from advanced technology operations.
Total expenses for the consolidated entity expanded to INR 1,060.20 crore during the quarter, reflecting higher material consumption corresponding to scaling operational volumes.
The board approved an expansion plan to set up a new manufacturing unit named 'Machine Tool Division - Unit III' in Coimbatore to augment capacity and reduce delivery lead times.
01 · Business model
What does LMW do?
LMW Limited (formerly known as Lakshmi Machine Works Limited) is a premier engineering conglomerate based in Coimbatore, India, with core business operations spanning textile machinery manufacturing, machine tools, foundry products, and advanced technology applications.
The company's primary revenue engine is its Textile Machinery Division, which designs and manufactures a comprehensive range of spinning machinery from blow room to ring frame, serving domestic and international textile mills.
The Machine Tool & Foundry Division produces precision CNC machine tools, machining centres, and high-quality castings, catering to diverse general engineering, automotive, and aerospace manufacturing sectors.
The Advanced Technology Centre division undertakes specialized high-precision manufacturing operations, including components and assemblies for aerospace and advanced industrial customers.
02 · Historical context
What shaped the business before this quarter
As disclosed in the audit review reports, the company transitioned to new statutory auditors, Brahmayya & Co., who reviewed the Q2 FY27 financial statements following previous reviews by predecessor auditors.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹1,138.22 Cr | ₹867.56 Cr |
| Total income | ₹1,162.94 Cr | ₹901.73 Cr |
| Profit before tax | ₹102.54 Cr | ₹72.11 Cr |
| Profit after tax | ₹71.23 Cr | ₹55.52 Cr |
| EPS | ₹66.68 | ₹51.97 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Generated consolidated segment revenue of INR 648.05 crore for Q2 FY27, improving from INR 492.34 crore in Q1 FY27.
Contributed consolidated segment revenue of INR 451.14 crore for the quarter, expanding from INR 343.03 crore in the preceding quarter.
Contributed segment revenue of INR 75.59 crore for Q2 FY27, compared to INR 59.54 crore in Q1 FY27.
What drove margins
Cost of materials consumed for the consolidated entity increased to INR 742.23 crore in Q2 FY27 from INR 555.32 crore in Q1 FY27, reflecting higher production volumes.
Consolidated employee benefits expense stood at INR 111.54 crore, while other expenses were reported at INR 197.24 crore for the quarter.
Consolidated PAT margin for Q2 FY27 was 6.26%, slightly moderating from 6.40% in Q1 FY27 due to comparative shifts in expense lines and tax provisions.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Segment profit before interest and tax for the Textile Machinery Division rose sharply to INR 21.38 crore in Q2 FY27 from INR 0.40 crore in Q1 FY27.
Segment profit before interest and tax for the Machine Tool & Foundry Division increased to INR 49.47 crore from INR 29.09 crore in the previous quarter.
Advanced Technology Centre segment profit before interest and tax stood at INR 17.26 crore for Q2 FY27 compared to INR 13.10 crore in Q1 FY27.
06 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
The Board of Directors approved setting up a new manufacturing unit, 'Machine Tool Division - Unit III', at Sangothipalayam, Arasur Village, Coimbatore District, with a proposed capacity addition of 125 machines per month.
Existing capacity stands at 6,750 machines per annum with a 90% utilization rate. The new expansion requires an investment of INR 10 crores, financed via internal accruals, and is targeted for completion by December 2026 to reduce machine delivery lead times.
Projects, capex and execution
Capital expenditure of INR 10 crores allocated for the establishment of Machine Tool Division - Unit III, funded entirely through internal accruals.
07 · Reported developments
What changed operationally
Consolidated revenue grew by 31.20% and consolidated net profit rose by 28.30% sequentially in Q2 FY27 over Q1 FY27.
08 · Pressure points & risks
What is not going smoothly
The company recorded an exceptional item of INR 0.20 crore in the consolidated results (and INR 2.61 crore in standalone results for the quarter) towards compensation for employees who opted for a Voluntary Retirement Scheme.
09 · Items worth noticing
The line items that can distort a quick read
The company incurred an exceptional item expense of INR 0.20 crore at the consolidated level (INR 2.61 crore at standalone) during Q2 FY27 representing compensation for employees opting for the Voluntary Retirement Scheme.
10 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Net cash generated from operating activities for the half year ended September 30, 2026, was INR 280.84 crore, compared to INR 65.07 crore in the corresponding period of the previous year.
Net cash used in investing activities was INR 481.82 crore for the half year ended September 30, 2026, driven by investments in subsidiaries and mutual funds. Financing outflows included dividend payments of INR 37.39 crore.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Retirement of Independent Director
Sri Arun Alagappan retired as a Non-Executive Independent Director effective from the close of business hours on October 25, 2026, upon completing his second term of five consecutive years.
12 · Previous-quarter changes
What changed since the previous quarter
Consolidated revenue increased from INR 867.56 crore in Q1 FY27 to INR 1,138.22 crore in Q2 FY27.
13 · Key Q&A
The quarter, answered directly
What does LMW do?
LMW Limited (formerly known as Lakshmi Machine Works Limited) is a premier engineering conglomerate based in Coimbatore, India, with core business operations spanning textile machinery manufacturing, machine tools, foundry products, and advanced technology applications.
What is the clearest takeaway from Q2 FY27?
LMW Limited reported consolidated revenue from operations of INR 1,138.22 crore for the quarter ended September 30, 2026, marking a robust sequential increase of 31.20% compared to INR 867.56 crore in Q1 FY27.
What drove revenue or demand?
Generated consolidated segment revenue of INR 648.05 crore for Q2 FY27, improving from INR 492.34 crore in Q1 FY27.
What mattered most for margins or profitability?
Cost of materials consumed for the consolidated entity increased to INR 742.23 crore in Q2 FY27 from INR 555.32 crore in Q1 FY27, reflecting higher production volumes.
What changed operationally beyond the headline numbers?
The Board of Directors approved setting up a new manufacturing unit, 'Machine Tool Division - Unit III', at Sangothipalayam, Arasur Village, Coimbatore District, with a proposed capacity addition of 125 machines per month.
What are the main pressure points disclosed for the quarter?
The company recorded an exceptional item of INR 0.20 crore in the consolidated results (and INR 2.61 crore in standalone results for the quarter) towards compensation for employees who opted for a Voluntary Retirement Scheme.
14 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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15 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Machine Tool Unit III Commissioning: Monitor the execution and operational commissioning of the new Machine Tool Division - Unit III by the targeted completion date of December 2026.
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