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July 03, 2015 8:36 AM ET

Machinery

Company Overview of Lakshmi Machine Works Limited

Company Overview

Lakshmi Machine Works Limited primarily manufactures and sells textile spinning machinery 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 spinning machine components and spare parts, such as gears, spindles, rings, top rollers, cots and aprons, and flyers. It also provides machine tools consisting of turning, milling, and multitasking and turnmill products for various sectors, including auto components, automobile, tool room, industrial machines, motors, pumps, valves, and others...

34-A, Kamaraj Road

Coimbatore,  641018

India

Founded in 1962

3,609 Employees

Phone:

91 422 222 1680

Fax:

91 42 2222 0912

Key Executives for Lakshmi Machine Works Limited

Executive Chairman, Managing Director and Member of Shares & Debentures Committee
Age: 47
Total Annual Compensation: $16.2M
Chief Financial Officer, Director of Finance, Director and Member of Shareholders/Investors Grievance Committee
Age: 70
Total Annual Compensation: $7.5M
Compensation as of Fiscal Year 2014.

Lakshmi Machine Works Limited Key Developments

Lakshmi Machine Works Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Standalone and Consolidated Earnings Results for the Full Year Ended March 31, 2015; Recommends Dividend for the Financial Year Ended March 31, 2015, Payable on or Before September 9, 2015

Lakshmi Machine Works Limited reported audited standalone earnings results for the fourth quarter and standalone and consolidated earnings results for the full year ended March 31, 2015. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 6,386.108 million against INR 6,132.138 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 498.104 million against INR 246.480 million a year ago. Profit from ordinary activities before tax was INR 756.175 million against INR 683.332 million a year ago. Net profit for the period was INR 672.592 million or INR 59.70 per basic and diluted share before and after extraordinary items against net profit for the period of INR 537.048 million or INR 47.67 per basic and diluted share before and after extraordinary items a year ago. For the year, on standalone basis the company reported net sales/income from operations (net of excise duty) of INR 23,125.778 million against INR 21,651.815 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 1,917.902 million against INR 1,538.552 million a year ago. Profit from ordinary activities before tax was INR 2,879.992 million against INR 2,606.208 million a year ago. Net profit for the period was INR 2,074.509 million or INR 184.13 per basic and diluted share before and after extraordinary items against net profit for the period of INR 1,836.924 million or INR 163.04 per basic and diluted share before and after extraordinary items a year ago. For the year, on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 24,156.973 million against INR 22,612.077 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 2,109.339 million against INR 1,665.987 million a year ago. Profit from ordinary activities before tax was INR 3,011.309 million against INR 2,684.391 million a year ago. Net profit for the period was INR 2,196.551 million or INR 194.96 per basic and diluted share before and after extraordinary items against net profit for the period of INR 1,890.63 million or INR 167.81 per basic and diluted share before and after extraordinary items a year ago. The company recommended dividend of INR 37.50 per equity share of INR 10 each of the financial year ended March 31, 2015. Dividend will be payable on or before September 9, 2015.

Lakshmi Machine Works Limited to Report Fiscal Year 2015 Final Results on May 20, 2015

Lakshmi Machine Works Limited announced that they will report fiscal year 2015 final results on May 20, 2015

Lakshmi Machine Works Limited, Board Meeting, May 20, 2015

Lakshmi Machine Works Limited, Board Meeting, May 20, 2015. Agenda: To consider and take on record the audited financial results of the company for the financial year ended March 31, 2015; to consider recommendation of dividend for the financial year 2014-2015; to convene the annual general meeting of the company on August 10, 2015; to consider the cut-off date for determining eligibility of shareholders for remote e-voting is August 03, 2015; and to adopt a code of practices and procedures for fair disclosure of unpublished price sensitive information of the company.

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