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Lakshmi Machine Works reports 22% fall in Q3 net profit

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.

LMW Share Price

14357.85 512.40 (3.70%)
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Company Name CMP
LMW 14357.85
Stovec Inds 2005.30
Harish Textile Engin 69.90
Veejay Lakshmi Engg 37.83
Meera Industries 59.68
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