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Lakshmi Machine Works Ltd is a leading Textile Machinery Manufacturer in India engaged in the manufacturing and selling of textile spinning machinery, CNC Machine Tools, Heavy castings, and parts and components catering to diverse sectors.
LMW's Board approved financial results for the quarter. The company is set to significantly expand its business scope into Pharmaceuticals, Life Sciences, EVs, Renewable Energy, Electronics, and Robotics. This strategic diversification, awaiting shareholder approval via postal ballot, aims to capture new market opportunities and fuel future growth.
LMW is pushing shareholders with physical holdings to update KYC details for smooth electronic dividend and interest payments. Non-compliant accounts face payout delays. This initiative simplifies investor services and encourages share dematerialization for better market liquidity. A move towards efficient shareholder management.
LMW reported Q1 FY26 consolidated revenue up at ₹694.14 Cr versus ₹672.96 Cr year-over-year, with net profit slightly higher at ₹11.47 Cr versus ₹11.02 Cr. The Textile Machinery segment continues to face headwinds, showing declining revenue and an increased loss. However, strong performance from Machine Tool & Foundry and Advanced...
LMW Limited has announced a board meeting to review the financial results for the quarter and half-year. The company has shared its Annual Report for FY 2024-25 and is conducting its 62nd AGM through video conferencing. Shareholders holding physical securities are reminded to update their KYC details and register email...
LMW Limited has announced a board meeting to approve the financial results for the quarter and half-year. Standalone revenue dropped to Rs 2,909.40 Cr from Rs 4,597.14 Cr last year, with net profit declining to Rs 238.24 Cr due to weak Textile Machinery division. Consolidated revenue was Rs 3,012 Cr,...