August 27, 2016 11:17 AM 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

3,241 Employees

Phone:

91 42 2302 8100

Fax:

91 42 2222 0912

Key Executives for Lakshmi Machine Works Limited

Executive Chairman, Managing Director, Chairman of CSR Committee and Member of Shares & Debentures Committee
Age: 48
Total Annual Compensation: 16.2M
Compensation as of Fiscal Year 2016.

Lakshmi Machine Works Limited Key Developments

Lakshmi Machine Works Limited Announces Auditor Changes

Lakshmi Machine Works Limited at the annual general meeting held on August 5, 2016, announced retirement of M/s. MS Jagannathan & Visvanathan Chartered Accounts, one of the joint auditor and appointed M/s. S Krishnamoorthy & co Chartered accounts with Sri Raghu as the signing partner, as auditors for a term of five financial year commencing from 2016-17 to 2020-21 and to hold the office from the conclusion of this annual general meeting and till the conclusion of the annual general meeting to be held in 2021.

Lakshmi Machine Works Limited Announces Unaudited Standalone Earnings Results for the First Quarter Ended June 30, 2016

Lakshmi Machine Works Limited announced unaudited standalone earnings results for the first quarter ended June 30, 2016. For the quarter, the standalone company reported net sales of INR 5,575.796 million against INR 6,229.514 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 266.315 million against INR 417.861 million a year ago. Profit from ordinary activities before tax was INR 486.991 million against INR 654.006 million a year ago. Net profit was INR 331.391 million against INR 432.106 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 29.41 against INR 38.35 a year ago.

Lakshmi Machine Works Limited Reports Cash Flow Results for the Year Ended March 31, 2016

Lakshmi Machine Works Limited reported cash flow results for the year ended March 31, 2016. Net Cash from Operating activities was INR 1,748.091 million against INR 1,032.358 million a year ago. Purchase of fixed assets/capital work in progress was INR 1,191.516 million against INR 915.986 million a year ago.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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