LMW Ltd reported strong performance for Q2 FY26-27, with consolidated revenue rising to ₹1,153 crore from ₹815 crore YoY. The company's H1 PBT more than doubled to ₹204 crore, driven by robust order inflows across its textile machinery, machine tool, and advanced technology divisions. While the growth outlook remains positive, management noted potential headwinds from rising commodity prices and electronics supply-chain constraints.
LMW Ltd Reports Strong H1 Growth and Healthy Order Book
Q2 Revenue reached ₹1,153 crore, representing a significant increase over the ₹815 crore reported in the same period last year.
Consolidated H1 PBT surged to ₹204 crore, up from ₹93 crore in the previous corresponding period.
Reader Takeaway: Robust order book across divisions drives growth, though margin pressures from commodity volatility and supply chains persist.
What just happened
LMW Ltd has posted strong financial results for the first half of FY 2026-27. The company saw a 33% year-on-year increase in consolidated revenue to ₹2,045 crore for the H1 period. This growth was fueled by strong demand across the Textile Machinery Division (TMD), Machine Tool Division (MTD), and Advanced Technology Centre (ATC).
Why this matters
The company’s performance highlights successful execution in core segments. The Textile Machinery Division, in particular, showed significant recovery, with H1 profits rising to ₹48 crore from just ₹2 crore in the previous year. Furthermore, a combined order book of approximately ₹3,600 crore across TMD and ATC provides clear visibility for future revenue.
Management Commentary and Guidance
Management remains optimistic about the 'China+1' strategy benefiting the Machine Tool Division. To counter rising input costs like copper, aluminum, and steel, the company is implementing VAVE (Value Analysis/Value Engineering) initiatives. They are also exploring pass-through pricing mechanisms with clients to protect margins. Future growth will be supported by planned capacity expansion in the ATC division.
Risks to watch
Investors should closely track the company's ability to manage margin pressure. Electronics availability and volatile commodity prices represent ongoing supply-chain challenges that could impact delivery timelines and profitability in the coming quarters.
Context metrics
- TMD Capacity Utilization: ~60%
- MTD & Foundry Utilization: 75%-80%
- ATC Capacity Utilization: 70%
- TMD Order Book: ~₹2,600 crore
- ATC Order Book: ~₹1,000 crore