Lakshmi Machine Works has reported results for second quarter ended September 30, 2012.
The company has posted a fall of 37.76% in its net profit at Rs 30.64 crore for the quarter ended September 30, 2012 as compared to Rs 49.23 crore for the same quarter in the previous year. Total income has decreased by 17.84% at Rs 469.61 crore for quarter under review as compared to Rs 571.58 crore for the quarter ended September 30, 2011.
Lakshmi Machine Works is engaged in the manufacture of textile machinery, machine tools and foundry products. LMW commands a 60% market share in the domestic textile spinning machinery industry.