Profit Surges 73% to ₹71 Crore on Robust ₹1,131-Crore Revenue; Arun Alagappan to Retire

• by Akanksha Mishra
• 2026-10-21 17:48:00

Delivering an exceptional operational performance backed by rising industrial engineering demand, Coimbatore-headquartered machinery and equipment manufacturer Lakshmi Machine Works released its financial scorecard for the second quarter of the fiscal year 2026-27 on Wednesday, October 21, 2026. According to the regulatory disclosure submitted to stock exchanges, the Tamil Nadu-based engineering heavyweight registered an impressive 73 percent year-on-year surge in consolidated net profit, which jumped to ₹71 crore for the July-September quarter compared to ₹41 crore logged during the corresponding period of the previous financial year. The company's top-line revenue demonstrated parallel strength, advancing by ₹300 crore to touch ₹1,131 crore in Q2 FY27, up significantly from ₹831 crore recorded in the year-ago quarter, signaling solid order book execution and heightened demand across domestic and export capital goods markets.

Operational Outperformance: EBITDA More Than Doubles to ₹101 Crore as Margins Expand to 8.9%

The company’s operational efficiency metrics exhibited substantial acceleration during the quarter, reflecting streamlined cost structures and enhanced manufacturing throughput. Consolidated Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) more than doubled year-on-year, surging from ₹42 crore in the second quarter of the previous fiscal cycle to ₹101 crore in Q2 FY27. This operational leverage drove significant margin expansion, with the company's EBITDA margin rising by 380 basis points to settle at 8.9 percent, compared to 5.1 percent in the corresponding quarter of the previous year. Market analysts attribute this sharp margin improvement to higher capacity utilization across its Coimbatore facilities, disciplined input cost management, and an advantageous product mix within its core textile machinery, machine tools, and precision engineering castings divisions.

Boardroom Transition: Non-Executive Independent Director Arun Alagappan to Step Down on October 25

Alongside its quarterly earnings declaration, Lakshmi Machine Works notified exchanges of an important change in its corporate leadership hierarchy. The company announced that Arun Alagappan, serving as Non-Executive Independent Director, will formally retire from his board position following the conclusion of business hours on October 25, 2026. His retirement comes upon the successful completion of his second consecutive five-year tenure on the board, adhering to statutory governance frameworks and tenure limits prescribed under Indian corporate law. The orderly boardroom transition marks the culmination of a decade of institutional guidance by Alagappan, during which the Coimbatore-based manufacturing flagship solidified its position as one of India's preeminent engineering powerhouses

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