Lakshmi Machine Works touched 52-week high led by impressive Q1 numbers
DSIJ Intelligence / 07 Aug 2017
Lakshmi Machine Works reported its results for the quarter ended June 30, 2017 on Monday. The company's total sales for Q1FY18, came in at Rs. 696.1 crore, which represents a 2.2 per cent sequential decline and 24.9 per cent YoY increase.
Lakshmi Machine Works reported its results for the quarter ended June 30, 2017 on Monday.
The company's total sales for Q1FY18, came in at Rs. 696.1 crore, which represents a 2.2 per cent sequential decline and 24.9 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs. 48.9 crore and its EBIT margin stood at 7 per cent.
The company reported PAT of Rs. 47.6 crore, which represents a sequential QoQ decline of 30.2 per cent and a YoY increase of 43.7 per cent.
Lakshmi Machine Works is engaged in the manufacturing and selling of textile spinning machinery, computer numerical control machine tools, heavy castings, and parts and components for aerospace industry.
The stock today opened at Rs. 5911 and jumped to its 52-week high of Rs. 6030.8 on the BSE led by notable Q1 numbers.
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