January 17, 2017 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 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 Management Changes

Lakshmi Machine Works Limited announced that Sri. Arun Alagappan is appointed as Additional Director with effect from October 26, 2016 and will hold office up to the conclusion of next Annual General Meeting. Sri. K. Duraisami, Company Secretary and Compliance Officer is retiring with effect from the close of the business hours on October 31, 2016 and Sri. C. R. Shiv Kumaran, Dy. Company Secretary is appointed as Company Secretary and Compliance Officer effective from November 04, 2016.

Lakshmi Machine Works Limited Announces Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2016

Lakshmi Machine Works Limited announced unaudited standalone earnings results for the second quarter and six months ended September 30, 2016. For the quarter, the company reported sales/income from operations of INR 5,670.749 million against INR 6,621.190 million a year ago. Total income from operations was INR 5,806.902 million against INR 6,737.131 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 349.128 million against INR 529.436 million a year ago. Profit from ordinary activities before tax was INR 557.989 million against INR 812.794 million a year ago. Net profit from ordinary activities after tax was INR 379.195 million against INR 555.391 million a year ago. Basic and diluted earnings per share after extraordinary items were INR 33.66 against INR 49.30 a year ago. For the six months, the company reported sales/income from operations of INR 11,117.755 million against INR 12,668.479 million a year ago. Total income from operations was INR 11,382.698 million against INR 12,966.645 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 615.443 million against INR 947.297 million a year ago. Profit from ordinary activities before tax was INR 1,044.980 million against INR 1,466.800 million a year ago. Net profit from ordinary activities after tax was INR 710.586 million against INR 987.497 million a year ago. Basic and diluted earnings per share after extraordinary items were INR 63.07 against INR 87.65 a year ago.

Lakshmi Machine Works Limited to Report Q2, 2017 Results on Oct 26, 2016

Lakshmi Machine Works Limited announced that they will report Q2, 2017 results on Oct 26, 2016

Recent Private Companies Transactions

Type
Date
Target
Buyback
October 26, 2016
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