Lakshmi Machine Works reports 32% fall in Q2 net profit

Lakshmi Machine Works has reported results for second quarter ended September 30, 2016.

The company has reported 31.72% fall in its net profit at Rs 37.92 crore for the quarter under review as compared to Rs 55.54 crore for the same quarter in the previous year. Total income of the company decreased by 14.27% at Rs 602.07 crore for the quarter under review as compared Rs 702.32 crore for the corresponding quarter 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.