LMW Q2 Results, October 21, 2026: Profit Jumps 74% as Machine Tools Lead

LMW Q2 results landed on October 21, 2026, and they were a lot stronger than the year-ago quarter. The Coimbatore company, formerly Lakshmi Machine Works, posted consolidated net profit of ₹71.23 crore for the September quarter, up about 74% from ₹40.92 crore a year earlier. The board also cleared a new machine tool unit, which tells us where management sees demand.

LMW Q2 results: the headline numbers

Consolidated revenue from operations came in at ₹1,131.87 crore, against ₹821.88 crore in the September 2025 quarter and ₹860.72 crore in the June 2026 quarter. That is growth of roughly 38% year on year and about 31% over the previous quarter, by our own arithmetic from the filing.

Profit before exceptional items and tax was ₹102.74 crore, up from ₹54.92 crore. Put against revenue, that is about 9.1% of sales compared with about 6.7% a year ago (again our calculation), so the extra volume did more than just pad the top line. Net profit also rose about 28% from the June quarter’s ₹55.52 crore. Earnings per share for the quarter stood at ₹66.68, against ₹38.30 a year earlier.

The half-year picture is starker. For April to September 2026, revenue was ₹1,992.59 crore versus ₹1,516.02 crore, and net profit was ₹126.75 crore versus ₹52.39 crore. That six-month profit is already about 97% of the ₹130.73 crore LMW earned in the whole of FY26.

Which business did the heavy lifting

All three segments grew, but not equally.

• Textile Machinery: revenue of ₹648.05 crore, up about 27% from ₹508.98 crore. Segment profit before interest and tax rose to ₹21.38 crore from ₹8.83 crore. Worth remembering that this division made a loss of ₹16.32 crore at that level for the full FY26 year.
• Machine Tool & Foundry: revenue of ₹451.14 crore, up about 48% from ₹303.84 crore, with segment profit of ₹49.47 crore against ₹23.70 crore. This was the biggest profit contributor of the three.
• Advanced Technology Centre: revenue of ₹75.59 crore, up about 49%, and segment profit of ₹17.26 crore versus ₹4.34 crore.

So the textile machinery business, still the largest by revenue, is back in the black at the segment level, while machine tools and foundry are carrying the profit story. If you want a framework for reading segment tables like this, our guide on how to analyse quarterly results of a company walks through it.

A third machine tool unit near Coimbatore

Alongside the numbers, the board approved “Machine Tool Division – Unit III” on company-owned land at Arasur village in Sulur taluk, Coimbatore district. The disclosure lists existing capacity of 6,750 machines a year running at 90% utilisation. The new unit adds 125 machines a month, needs an investment of ₹10 crore from internal accruals, and is due by December 2026. The stated reason is shorter lead times for machine deliveries.

On our maths, 125 a month works out to 1,500 machines a year, roughly 22% on top of the listed capacity. A ₹10 crore outlay is small next to the company’s size, but running at 90% and adding capacity to cut waiting times suggests orders are coming in faster than the existing plants can ship.

Other items from the board meeting

Independent director Arun Alagappan retires from the board at the close of business on October 25, 2026, after completing his second five-year term. The results were reviewed by the audit committee, and the statutory auditors carried out a limited review. The full filing is on the NSE disclosure for LMW’s September quarter results.

What to watch next is whether textile machinery can hold on to its turnaround, since it still brings in more than half of segment revenue. Investors tracking engineering names as part of a sector rotation strategy will want to see if the machine tool momentum survives once the new unit is running.

Disclaimer: This article is for information and education only and is not investment advice. Please do your own research or consult a SEBI-registered adviser before making investment decisions.