LMW Reports Q3 FY24-25 Results Amid Declining Sales and Profitability Challenges

LMW, a midcap player in the textile machinery industry, has reported its financial results for the third quarter of FY24-25, declared on January 24, 2025. The company has experienced an adjustment in its evaluation, with its financial performance score reflecting a shift to -24 from -31 over the past three months, indicating ongoing challenges.
In terms of liquidity, LMW has achieved its highest cash and cash equivalents at Rs 1,040.08 crore over the last six half-yearly periods, suggesting an enhancement in short-term liquidity. However, the company's net sales have shown a notable decline, with quarterly figures at Rs 766.43 crore, marking a year-on-year decrease of 36.87%.

Profitability metrics also reveal concerning trends. Profit Before Tax (PBT) has fallen to Rs 6.92 crore, down 92.60% year-on-year, while Profit After Tax (PAT) stands at Rs 19.30 crore, reflecting a decline of 80.5% year-on-year. Furthermore, non-operating income constitutes a significant portion of PBT at 82.65%, raising questions about the sustainability of LMW's business model.

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