LMW Limited — Others, 25-01-2025: Copy of Newspaper Publication

LMW Limited has announced a board meeting on financial results for the quarter and half-year ended December 31, 2024. The company reported a total income from operations of ₹742.57 crore for the quarter, down from ₹780.13 crore in the previous quarter. Notably, the net profit after tax for the quarter surged to ₹147.88 crore, mainly due to a significant exceptional gain of ₹131.61 crore from divesting its investment in wholly-owned subsidiaries. This shift could enhance LMW's financial flexibility moving forward. Investors may view this positively, given the strong profit despite declining revenues, highlighting a strategic repositioning.