LMW LMW Q1 FY25 results (Apr–Jun 2024) and concall
LMW faced a challenging Q1 FY25 characterized by a sharp cyclical downturn in the textile machinery segment, leading to a significant drop in overall revenue and profitability. The company has responded by reducing working days and implementing layoffs to manage costs while maintaining a healthy total order book of ₹3380 crores. Management is focusing on new product launches like the Autoconer and Airjet looms to drive future growth while navigating geopolitical headwinds and competitive pressures from Japanese imports in the machine tool segment.
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Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
