Tuesday 21 January 2014

Lakshmi Machine Works reports over two jumps in Q3 net profit

Lakshmi Machine Works has reported results for third quarter ended December 31, 2013.

The company has reported a rise of over two fold in its net profit at Rs 52.40 crore for the quarter as compared to Rs 19.10 crore for the same quarter in the previous year. Total income of the company has increased by 46.19% at Rs 629.63 crore for quarter under review as compared to Rs 430.68 crore for the quarter ended December 31, 2012.

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.

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