The company’s performance across various segments also reflected a downward trend. Revenue from the Textile Machinery Division stood at Rs 507.67 crore, marking a 47.4% year-on-year (YoY) decline. Similarly, the Machine Tool & Foundry Division generated Rs 249.69 crore, a 47.4% drop YoY, while revenue from the Advanced Technology Centre was Rs 41.66 crore, down by 15.9% from the previous year.
On a more positive note, LMW reported a reduction in operating expenditure, which fell by 33.4% YoY to Rs 730.67 crore. The company attributed this decrease to lower raw material costs, which dropped by 43.1% YoY, along with a reduction in other expenses by 28.5% YoY.
The company’s profit before tax (PBT) for Q3 FY25 stood at Rs 39.88 crore, a sharp 68.2% decrease from Rs 125.27 crore recorded in Q3 FY24.
LMW, a key player in the industrial machinery sector, is known for manufacturing CNC machines, textile machinery, foundry castings, and aerospace components.
Following the announcement, LMW’s stock experienced a 1.72% decline, closing at Rs 15,942.40 on the Bombay Stock Exchange (BSE) yesterday.
