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Lakshmi Machine Works reports 21% rise in Q2 net profit

03 Nov 2015 Evaluate

Lakshmi Machine Works has reported results for second quarter ended September 30, 2015.

The company has reported 20.58% rise in its net profit at Rs 56.48 crore for the quarter ended September 30, 2015 as compared to Rs 46.84 crore for the same quarter in the previous year. The company’s total income has increased 5.33% to Rs 648.42 crore for the quarter under review from Rs 615.58 crore for the corresponding quarter of the previous year.

Lakshmi Machine Works, founded in the year 1962 is a global player and among the top three manufacturers of the entire range of Textile Spinning Machinery ranging from Blow Room to Ring Spinning.

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