LMW Limited Board Approves FY26 Results, Recommends ₹35 Dividend and Auditor Change

LMW Limited reported standalone revenue of ₹3,081.84 crore and a net profit of ₹153.92 crore for the fiscal year ended March 31, 2026. Consolidated revenue stood at ₹3,207.42 crore with a net profit of ₹130.73 crore.

Key Decisions and Shareholder Returns

LMW Limited's Board of Directors approved the audited financial results for the fiscal year ending March 31, 2026. A key outcome was the recommendation of a final dividend of ₹35 per share (350%), which requires shareholder approval at the Annual General Meeting (AGM) on July 24, 2026.

Strategic Investments and Auditor Changes

The board also proposed changing the company's statutory auditors from M/s S Krishnamoorthy & Co. to M/s Brahmayya & Co. for a five-year term beginning in FY27. In a move to support global expansion, LMW Limited sanctioned an investment of up to USD 30 Million in its wholly-owned UAE subsidiary, LMW Holding Limited. This funding will support its overseas expansion, capital expenditure, and working capital requirements.

Financial Performance Overview

For the fiscal year ending March 31, 2026, LMW Limited posted standalone revenue from operations at ₹3,081.84 crore and a net profit of ₹153.92 crore, with basic and diluted Earnings Per Share (EPS) at ₹50.89. On a consolidated basis, revenue reached ₹3,207.42 crore, with a net profit of ₹130.73 crore and EPS at ₹59.62. The company noted exceptional items affecting net profit, including ₹11.50 crore related to the 'New Labour Codes' and ₹1.68 crore for a Voluntary Retirement Scheme.

Next Steps and Shareholder Voting

Shareholders are set to vote on the proposed dividend, the appointment of new auditors, and director re-appointments at the upcoming AGM on July 24, 2026. The investment in LMW Holding Limited is anticipated to conclude by August 2026, pending necessary approvals.

Potential Risks

Exceptional items, such as those related to the 'New Labour Codes' and voluntary retirement schemes, impacted the net profit figures for FY26. The ongoing implications of these adjustments and the company's navigation of regulatory changes are factors to monitor.

Industry Context

While specific peer financial data was not detailed, LMW Limited operates within the engineering and manufacturing sector, facing competition from both domestic and international companies. Strategic decisions, including international investments, are considered within this broader industry landscape.

Key Metrics and Timeline

For FY26, LMW Holding Ltd reported a turnover of ₹18.19 crore. The proposed auditor appointment is slated for a five-year term from FY 2026-27.

Upcoming Milestones

Investors should track the AGM outcome regarding the dividend and appointments. Progress on the USD 30 million UAE subsidiary investment by August 2026 is also a key event to watch.