July 21, 2017 12:21 PM ET

Machinery

Company Overview of Lakshmi Machine Works Limited

Company Overview

Lakshmi Machine Works Limited manufactures and sells textile spinning machinery, CNC machine tools, heavy castings, and parts and components in India and internationally. It operates in three segments: Textile Machinery Division, Machine Tool & Foundry Division, and Advanced Technology Centre. The company offers a range of textile machinery, including card silver systems, combing systems, and ring spinning systems; and components, such as gears, spindles, rings, top rollers, flyers, and cots and aprons. It also provides machine tools comprising turning, milling, and turnmill products for various sectors, including auto components, automobile, tool room, industrial machines, motors, pumps and...

34-A, Kamaraj Road

Coimbatore,  641018

India

Founded in 1962

3,609 Employees

Phone:

91 42 2302 8100

Fax:

91 42 2222 0912

Key Executives for Lakshmi Machine Works Limited

Executive Chairman and Managing Director
Age: 49
Total Annual Compensation: 16.2M
Compensation as of Fiscal Year 2016.

Lakshmi Machine Works Limited Key Developments

Lakshmi Machine Works Limited Announces Audited Standalone Earnings Results for the Fourth Quarter and Full Year and Audited Consolidated Earnings Results for the Year Ended March 31, 2017

Lakshmi Machine Works Limited announced audited standalone earnings results for the fourth quarter and full year and audited consolidated earnings results for the year ended March 31, 2017. For the quarter, on standalone basis, the company reported total income of INR 7,318.712 million compared with INR 7,750.734 million for the same period a year ago. Profit before exceptional items and tax was INR 866.605 million compared with INR 903.213 million for the same period a year ago. Profit from ordinary activities before tax was INR 864.363 million compared with INR 860.317 million for the same period a year ago. Net profit from ordinary activities after tax was INR 682.882 million or INR 42.33 per basic and diluted share compared with INR 590.284 million or INR 49.68 per basic and diluted share a year ago. For the year, on standalone basis, the company reported total income of INR 25,228.596 million compared with INR 28,513.878 million for the same period a year ago. Profit before exceptional items and tax was INR 2,210.142 million compared with INR 3,331.721 million for the same period a year ago. Profit from ordinary activities before tax was INR 2,663.128 million compared with INR 3,281.885 million for the same period a year ago. Net profit from ordinary activities after tax was INR 1906.041 million or INR 170.26 per basic and diluted share compared with INR 2,201.239 million or INR 195.38 per basic and diluted share a year ago. For the year, on consolidated basis, the company reported total income of INR 24,992.062 million compared with INR 29,563.350 million for the same period a year ago. Profit before exceptional items and tax was INR 2,671.480 million compared with INR 3,418.407 million for the same period a year ago. Profit from ordinary activities before tax was INR 2,624.466 million compared with INR 3,368.571 million for the same period a year ago. Net profit from ordinary activities after tax was INR 1,864.876 million or INR 165.45 per basic and diluted share compared with INR 2,273.359 million or INR 201.78 per basic and diluted share a year ago.

Lakshmi Machine Works Limited Recommends Dividend for the Financial Year Ended March 31, 2017

Lakshmi Machine Works Limited announced that its Board of Directors of the company at its meeting held on May 22, 2017, recommended dividend of INR 35/- per equity share of INR 10/- each for the financial year ended March 31, 2017.

Lakshmi Machine Works Limited, Board Meeting, May 22, 2017

Lakshmi Machine Works Limited, Board Meeting, May 22, 2017. Agenda: To consider and take on record the audited financial results of the company for the financial year ended March 31, 2017; and to recommend dividend for the financial year 2016-17.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 30, 2017
--
Buyback
October 26, 2016
--
 

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