LMLMW500252Quarterly results

Q2 FY27 results, a new Machine Tool Division unit and an independent director's retirement

Board meeting on 21 Oct 2026: besides approving the unaudited standalone and consolidated results for the quarter ended 30 Sept 2026.

By ScoutQuest · Wed 21 Oct 2026, 2:32 PM IST · 2 min read

Total income year ago

862.91 (+34.8%)

Period

30.09.2026

What the board decided

A board meeting was held on 21 October 2026, and three things were approved or recorded.

• Unaudited Financial Results (Standalone and Consolidated) for the quarter and period ended 30 September 2026, along with segment-wise results, statement of assets and liabilities and cash flow statement, with the limited review reports of the statutory auditors.
• A proposal to set up a new unit, "Machine Tool Division - Unit III", on land owned by the company at Sangothipalayam, Arasur Village, Sulur Taluk, Coimbatore District, for its manufacturing and assembly operations, as part of its production capacity expansion plan.
• The retirement of Sri Arun Alagappan as Non-Executive Independent Director, consequent to the completion of his second term of five consecutive years, with effect from the close of business hours on 25 October 2026.

The quarter in numbers (standalone)

All figures are in Rs. crore, as printed.

• Revenue from operations: 1,127.52 for the quarter ended 30 September 2026, against 776.03 for the quarter ended 30 September 2025.
• Profit before exceptional items and tax: 118.72.
• Net Profit from Ordinary activities after tax: 87.21, against 45.14.
• Basic earnings per share: 81.63.
• Total Comprehensive Income was (0.35), that is a negative figure, even though profit after tax was positive; this line combines profit after tax with other comprehensive income, and here the other comprehensive income items that will not be reclassified to profit or loss pulled the total below zero.

What the auditors said

The limited review reports on the standalone and consolidated results come from the statutory auditors. A limited review is narrower in scope than a full audit and does not end in an audit opinion. The conclusion is unmodified: nothing came to the auditors' attention that makes them believe the statements are materially misstated or not prepared as required.

How a retail investor can read this

• The quarter shows revenue from operations and profit after tax above the same quarter a year earlier, on a standalone basis, so the operating performance headlines are higher year on year.
• The new Machine Tool Division - Unit III is a board-approved capacity expansion on land the company already owns. A new unit adds capacity only when it is built and running, so the financial benefit would come over a longer period rather than immediately.
• The independent director is stepping down because his second five-year term is complete, effective 25 October 2026 that is a scheduled end of tenure.
• The negative Total Comprehensive Income line is a reminder that the bottom line of that statement includes other comprehensive income, which can move independently of operating profit.

Publication of results

The results are to be published in Business Line (English) and Hindu-Tamil (Tamil) on 22 October 2026.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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