Lakshmi Machine Works reports 22% fall in Q3 net profit

LMW Ltd. | Textile - Machinery | Textiles & Apparels | BSE: 500252 | NSE: LMW

07 Feb 2017 Evaluate

Lakshmi Machine Works has reported results for third quarter ended December 31, 2016.

The company has reported 21.63% fall in its net profit at Rs 51.26 crore for the quarter under review as compared to Rs 65.41 crore for the same quarter in the previous year. Total income of the company decreased by 16.22% at Rs 609.09 crore for the quarter under review as compared Rs 726.99 crore for the corresponding quarter previous year.

Lakshmi Machine Works 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.

Peers

Company Name	CMP
LMW	17100.05
Lohia Corp	573.00
Stovec Industries	1600.00
Veejay Lakshmi Engg	39.01
Indian Card Clothing	214.85
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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