Q3FY17 Results: Lakshmi Machine Works Ltd.
Bhagyashree Vivarekar / 06 Feb 2017
Lakshmi Machine Workks Ltd. Ltd. reported its results for the quarter ended December 31, 2016 today. The company's total sales for Q3FY17 were Rs 582.03 crore, which represent 2.64 per cent sequential increase and 16.12 per cent YoY decline
Lakshmi Machine Workks Ltd. Ltd. reported its results for the quarter ended December 31, 2016 today.
The company's total sales for Q3FY17 were Rs 582.03 crore, which represent 2.64 per cent sequential increase and 16.12 per cent YoY decline.
Its operating profit (EBIT) for the quarter was Rs 52.45 crore and its EBIT margin was 9.01 per cent.
The company reported PAT of Rs 51.25 crore, which represents a sequential QoQ increase of 35.19 per cent and a YoY decline of 21.64 per cent. This despite increase in other income by 30 per cent YoY and 26.6 per cent QoQ to Rs 27.06 crore
Lakshmi Machine Works (LMW) Ltd is an Indian textile machinery manufacturing company. The company operates in two segments, viz. textile machinery segment, which consists of spinning preparatory machinery, accessories and parts, and other segment consisting of machine tools, foundry division and advanced technology centre.
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