Analysts/Institutional Investor Meet/Con. Call Updates

LMW LIMITED Our Ref: Sec/270/2026 Date: 26th October 2026 BSE Limited Listing Department Phiroze Jeejeebhoy Towers Dalal Street, Mumbai-400 001 Scrip Code: 500252 National Stock Exchange of India Limited Listing Department Exchange Plaza, C-1, Block-G, Bandra Kurla Complex Bandra(E), Mumbai - 400 051. Symbol: LMW Dear Sir/Madam, Sub: Intimation of submission of the transcript of the Analyst / Investor Meeting In continuation of our letter dated 5th October 2026, please find the attached transcript of the Analyst/ Investor meeting held on 22nd October 2026. Pursuant to Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the same has been uploaded to the website of the Company as well. This is for your information and records. Thanking you, Yours faithfully, For LMW LIMITED C R SHIVKUMARAN COMPANY SECRETARY & COMPLIANCE OFFICER Encl: As above CORPORATE OFFICE: 34-A, Kamaraj Road, Coimbatore - 641 018. Phone: +91 422 7198100. REGISTERED OFFICE: SRK Vidyalaya Post, Perianaickenpalayam, Coimbatore - 641 020, India. Website: www.lmwglobal.com Email: secretarial@lmw.co.in; GSTIN: 33AAACL5244N1ZF CIN: L28261TZ1962PLC000463 TRANSCRIPT OF Q2 INVESTOR CALL LMW Limited LMW Earnings call for Q2-FY 26-27 held on Thursday, October 22, 2026 at 04:00 P.M. (IST) through Video conference/Other Audio Visual Means (VC/OAVM). Moderator Ladies and gentlemen, good day and welcome to the Earnings Call of LMW Limited for Quarter 2 of FY 2026–27, hosted by NSDL. As a reminder, please note that the participants’ line will be in listen-only mode, and there will be an opportunity to ask questions after the brief by the company officials. Should you require any assistance during the conference call and wish to raise questions, please signal the operator by raising your hands. Please note that this call is being recorded. This is Sameer from NSDL. We have with us Mr. V. Senthil, Chief Financial Officer, and Ma’am Ms. B. Dhanalakshmi, Associate Vice President of the company. And now, over to you, sir. Mr. V. Senthil (Chief Financial Officer) Thank you. Good afternoon, everyone, and thank you for joining LMW Limited’s earnings call for Q2 FY 2026 - 27. We will have a brief about the overall performance of the company for the period ending September 2026, followed by an interactive session. I would like to clarify that certain statements made in the discussion of the conference will be forward-looking in nature. To begin with, let me explain the overall performance of the company, followed by the consolidated performance and the segment-wise performance. The financial results have been posted on the company website, and I hope you have had an opportunity to go through the same. The revenue for the quarter ended September 2026 is ₹1,153 crores, as against ₹815 crores for September 2025, which is an increase of around 30%. The company has achieved H1 revenue of ₹2,045 crores for the period, as against ₹1,537 crores for the corresponding previous period, which is a 33% increase in revenue. The PBT stands at ₹204 crores in the current period, as against ₹93 crores for the previous period. Now, as we go into division-wise: Textile Machinery Division (TMD) For the quarter ending September 2026, TMD has clocked a turnover of ₹639 crores, as against ₹482 crores in the previous quarter, resulting in an increase of 32%. When compared to the quarter ended September 2025, the sales increase is 38%. TMD revenue for H1 stands at ₹1,121 crores, as against ₹876 crores for the corresponding previous period, resulting in an increase of around 28%. Profits for H1 stands at ₹48 crores, as against ₹2 crores for the corresponding period last year. With respect to the order book, we hold an order book currently of around ₹3,400 crores, of which an active order book is roughly ₹2,600 crores. With respect to sales which have been clocked, the domestic versus export versus spares stands at 67% domestic, 8% exports, and 25% spares. The capacity utilization is around 60% in Textile Machinery Division. Now focusing on LMW Holding (which holds LMW China and LMW Global at Dubai). The turnover for LMW Global stands at ₹100 crores for the half-year ended September 2026, as against the comparative number of ₹71 crores for the half-year ended September 2025. The order book for exports is closer to ₹163 crores on hand for LMW Global. In LMW China, we have been able to clock a turnover of ₹36 crores, and for the comparative period last year it stood at ₹41 crores. The order book stands at around ₹128 crores. Machine Tool Division (MTD) and Foundry The turnover in the Machine Tool Division and Foundry is ₹794 crores for the first half ended September 2026, as against ₹555 crores for the corresponding previous period. Out of this, 9% relates to Foundry turnover; the balance is towards Machine Tool Division turnover. We are operating at a utilization of around 75% to 80% in the Machine Tool Division. With respect to ATC, the turnover for the first half stands at ₹135 crores, as against a corresponding turnover of ₹97 crores in the previous year's first half. With this brief, I would like to stop, and we can start the discussion and the interactive session. Over to you, Mr. Sameer. Moderator Thank you so much, sir. Ladies and gentlemen, we would request people to please raise hands so that we can unmute you and we can have the queries discussed. Sir, we have Mr. Poojan Shah with the first question. Mr. V. Senthil (Chief Financial Officer) Go ahead, Mr. Shah. Mr. Poojan Shah Hi, Senthil sir, am I audible? Mr. V. Senthil (Chief Financial Officer) Yes. Mr. Poojan Shah Yeah, okay. Senthil sir, my first question pertains to the ATC division. Just want to understand we can do a revenue of ₹300 crores. So, I just want to understand what the current capacity and the peak revenue we can achieve from that current capacity? Second, we are investing ₹150 crores in this division, so what could be the peak revenue we can achieve, when can we expect the commissioning, and when can we reach the peak revenue for this specific division after the capex? Mr. V. Senthil (Chief Financial Officer) Okay. You can please continue with all your questions, and then I will give you the answers. Mr. Poojan Shah Okay, done. And sir, in the Textile Division, we also see that there is a Free Trade Agreement which is being concluded, and that's where the textile business is also booming. So that ultimately flows to our order book as well. So how are we seeing in this division, because in the last two years our EBITDA margin has been negative in this segment, while currently, if you look at the last two quarters, we are a bit positive or at breakeven. So, what are the more or less expectations in terms of EBITDA margin going forward, specific for the division when such a tailwind is being we are seeing such a good tailwind? And sir, we are also expanding our Machine Tool Division. So, what are our core expectations of building, what are the core aspirations to that, and how are we planning to scale this division going forward? And just want to also understand on the ATC division so, we are also associated with Tier- 1 players like Boeing or Airbus, but also wanted to understand, are we associated with new programs which can eventually contribute to our order book, which is right now a ₹1,000-crore order book, which can conclude to ₹2,000–₹3,000 crores on a going-forward basis? So how are we seeing this specific segment as well? Yeah, these are my few questions. I will join back in the queue. Mr. V. Senthil (Chief Financial Officer) Thank you. So, I will take it up in terms of the same order as what you have asked. Let me start with ATC. ATC, from a capacity standpoint, we will be closer to 70% capacity utilization in this division. As you know, ATC is comprised of two divisions: one is metallic and other - composites. The spare capacity available on the composites is a little bit higher, and the turnaround is ma [Showing first 8,000 characters — download PDF for full document]