Q1 2025 Lakshmi Machine Works Ltd Earnings Call Transcript
Key Points
- Lakshmi Machine Works Ltd (BOM:500252) has a substantial order book of INR3,380 crore, indicating strong future demand.
- The company is focusing on export business, particularly through its UAE subsidiary, to drive growth.
- The Machine Tool Division (MTD) has a capacity utilization of 64-70%, indicating potential for scaling up without significant new investments.
- The aerospace division has a high export contribution, with 90% of its turnover coming from international markets.
- The company is investing in new product development, including the Autoconer and Airjet machines, which are expected to launch in FY25-26.
- The company's turnover for Q1 FY24-25 decreased by 45% compared to the same quarter last year, from INR1,155 crore to INR636 crore.
- The Textile Machinery Division (TMD) saw a significant revenue decline of 53%, resulting in a loss of INR12.72 crore for the quarter.
- Lakshmi Machine Works Ltd (BOM:500252) is operating on a five-day workweek due to lower capacity utilization, indicating underutilization of resources.
- The wholly-owned subsidiary in China reported a turnover decline and a loss of INR3.6 crore, reflecting ongoing challenges in rebuilding the organization.
- The Machine Tool Division (MTD) also experienced a revenue decline, with profits dropping from INR17 crore to INR6.5 crore year-over-year.
Yes, ladies and gentlemen, good day, and welcome to Lakshmi Machine Works Limited Q1 of financial year '24, '25 earnings call hosted by NSDL. (Operator Instructions) Please note that this call is being recorded.
We have with us Mr. V. Senthil, Chief Financial Officer and .B. Dhanalakshmi, Senior General Manager of the company. Over to you, sir.
Thank you. Good afternoon, everyone, and thank you for joining LMW earnings call for Q1 FY24, '25. We will have a brief about the overall performance of the company for the quarter ended June 30, 2024, followed by an interactive session. I would also like to clarify that certain statements made and discussions in the conference may be forward-looking in nature.
To begin with, let me explain the overall performance of the company, then we will pursue for this segment performance and then consolidated performance. Overall performance, the financial results have been posted on the company's website and hope you have had an opportunity to go
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