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31-Oct-2024

LMW

TMD clocks PBIT loss

'Consolidated net sales (including other operating income) of LMW for the quarter ended Sep 2024 has declined 41.76% to Rs 768.99 crore.  Sales of Textile Machinery Division segment has gone down 55.27% to Rs 475.11 crore (accounting for 60.18% of total sales).  Sales of Machine Tool & Foundry Division segment has gone up 0.34% to Rs 272.04 crore (accounting for 34.46% of total sales).  Sales of Advanced Technology Centre segment fell 0.68% to Rs 42.37 crore (accounting for 5.37% of total sales).  Inter-segment sales came down from Rs 48.86 crore to Rs 20.62 crore.  

Profit before interest, tax and other unallocable items (PBIT) has slumped 92.17% to Rs 10.15 crore.  PBIT of Textile Machinery Division reported loss of Rs 11.03 crore compared to profit of Rs 104.67 crore.  PBIT of Machine Tool & Foundry Division segment fell 15.01% to Rs 16.37 crore (accounting for 161.28% of total PBIT).  PBIT of ...



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