Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers


February 09, 2016 9:25 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 high precision parts and components in India and internationally. It operates in three segments: Textile Machinery, Machine Tool & Foundry, and Advanced Technology Centre. The company offers a range of spinning machines comprising card silver systems, combing systems, and ring spinning systems; and components, such as gears, spindles, rings, top rollers, cots and aprons, and flyers. It also provides machine tools consisting of 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

Phone:

91 42 2222 1680

Fax:

91 42 2222 0912

Key Executives for Lakshmi Machine Works Limited

Executive Chairman, Managing Director, Chairman of CSR Committee, Member of Shares & Debentures Committee and Member of Risk Management Committee
Age: 47
Total Annual Compensation: $16.2M
Compensation as of Fiscal Year 2015.

Lakshmi Machine Works Limited Key Developments

Lakshmi Machine Works Limited Announces Board Changes

Lakshmi Machine Works Ltd. announced that Sri. R. Rajendran, Director Finance of the company has retired from the position of Director Finance with effect from the conclusion of business hours on February 01, 2016. However, Sri. R. Rajendran will continue as Director on the Board.

Lakshmi Machine Works Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015

Lakshmi Machine Works Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales of INR 6,393.725 million compared with INR 5,517.929 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 741.473 million compared with INR 462.128 million for the same period a year ago. Profit from ordinary activities before tax was INR 946.346 million compared with INR 712.779 million for the same period a year ago. Net profit was INR 634.912 million or INR 56.35 per basic and diluted share before and after extraordinary items compared with INR 447.779 million or INR 39.74 per basic and diluted share before and after extraordinary items for the same period a year ago. For the nine months, the company reported net sales of INR 17,935.643 million compared with INR 16,739.670 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 1,693.942 million compared with INR 1,419.795 million for the same period a year ago. Profit from ordinary activities before tax was INR 2,418.319 million compared with INR 2,123.814 million for the same period a year ago. Net profit was INR 1,638.319 million or INR 145.42 per basic and diluted share before and after extraordinary items compared with INR 1,401.914 million or INR 124.43 per basic and diluted share before and after extraordinary items for the same period a year ago.

Lakshmi Machine Works Limited to Report Q3, 2016 Results on Feb 03, 2016

Lakshmi Machine Works Limited announced that they will report Q3, 2016 results on Feb 03, 2016

Recent Private Companies Transactions

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

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Lakshmi Machine Works Limited, please visit www.lakshmimach.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.