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Lakshmi Machine Works reports 38% fall in Q2 net profit

15 Oct 2012 Evaluate

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.

Peers
Company Name CMP
LMW 16119.80
Lohia Corp 631.35
Stovec Industries 1506.80
Veejay Lakshmi Engg 39.94
Indian Card Clothing 179.70
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