LMW Ltd reported higher textile machinery revenue and first-half profit for FY2026–27, supported by improving demand and an order book of approximately INR 34 billion, although rising input costs continue to pressure margins.
The company’s Textile Machinery Division recorded second-quarter revenue of INR 6.39 billion, up approximately 38% year on year, according to its earnings-call summary.
First-half textile machinery revenue reached INR 11.21 billion, while divisional profit increased to INR 480 million from INR 20 million in the corresponding period a year earlier.
Domestic Demand Leads Textile Machinery Sales
LMW reported a total textile machinery order book of approximately INR 34 billion, including an active order book of around INR 26 billion. Capacity utilisation stood at approximately 60%.
The division’s sales mix comprised 67% domestic business, 8% exports and 25% spare parts, highlighting the importance of Indian customers and aftermarket demand.
Chief Financial Officer V. Senthil attributed the improvement in textile machinery demand partly to government policies and export incentives. However, management remained cautious about the durability of the recovery amid geopolitical uncertainty and manufacturing cost pressures.
Lakshmi Winder Opens Additional Market Opportunity
The company also highlighted the potential of its newly launched Lakshmi Winder AutoPower.
Senthil estimated the immediate addressable market at more than INR 15 billion and said winding machinery can account for approximately 25–30% of investment in a spinning mill.
Management positioned the product as an opportunity to supply a machinery category that Indian mills have traditionally sourced through imports.
Read More: LMW Spinpact SIRO Compact System Shows Productivity and Yarn Quality Gains in Polyester Spinning
Higher Material Costs Put Pressure on Margins
Despite stronger sales, LMW said its textile machinery operations face increasing costs for copper, aluminium and electronic components, alongside uncertainty over electronics availability.
Management indicated that existing pricing arrangements limit its ability to pass these increases immediately to customers.
The company is consequently focusing on value analysis and value engineering, together with digitisation, automation and other cost-control measures, to protect profitability.
Overseas Orders Support Recovery Prospects
LMW’s overseas textile machinery businesses reported a mixed first-half performance.
LMW Global, based in Dubai, recorded turnover of INR 1 billion, compared with INR 710 million a year earlier. Its export order book stood at approximately INR 1.63 billion.
LMW China reported first-half turnover of INR 360 million, down from INR 410 million, with an order book of approximately INR 1.28 billion.
Management expects these overseas orders to be executed over the following six months, supporting a recovery in operations. Senthil said difficult conditions in Bangladesh and Türkiye had previously limited LMW Global’s ability to absorb fixed costs. The overseas structure is also intended to strengthen access to markets including Africa.
Group Revenue Increases
Across its businesses, LMW reported second-quarter revenue of INR 11.53 billion, approximately 30% higher year on year. First-half revenue rose around 33% to INR 20.45 billion.
The group also recorded growth in its machine tools, foundry and aerospace activities. Within textile machinery, converting active orders into deliveries while managing input costs remains a central priority.
