May 26, 2016 11:29 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

3,609 Employees

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 Recommends Dividend for the Year Ended March 31, 2016

Lakshmi Machine Works Ltd. announced that the Board of Directors of the company at its meeting held on May 25, 2016, recommended dividend of INR 40 per equity share of INR 10 each for the financial year ended March 31, 2016.

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, 2016

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, 2016. For the quarter, on standalone basis, the company reported net sales of INR 6,731.990 million compared with INR 6,386.108 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 663.022 million compared with INR 498.104 million for the same period a year ago. Profit from ordinary activities before tax was INR 863.808 million compared with INR 756.175 million for the same period a year ago. Net profit for the period was INR 560.826 million or INR 49.78 per basic and diluted share before and after extraordinary items compared with INR 672.592 million or INR 59.70 per basic and diluted share before and after extraordinary items for the same period a year ago. For the year, on standalone basis, the company reported net sales of INR 24,667.634 million compared with INR 23,125.778 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 2,356.967 million compared with INR 1,917.903 million for the same period a year ago. Profit from ordinary activities before tax was INR 3,282.132 million compared with INR 2,879.993 million for the same period a year ago. Net profit for the period was INR 2,199.150 million or INR 195.19 per basic and diluted share before and after extraordinary items compared with INR 2,074.509 million or INR 184.13 per basic and diluted share before and after extraordinary items for the same period a year ago. For the year, on consolidated basis, the company reported net sales of INR 25,768.211 million compared with INR 24,156.973 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 2,489.617 million compared with INR 2,109.341 million for the same period a year ago. Profit from ordinary activities before tax was INR 3,362.218 million compared with INR 3,011.311 million for the same period a year ago. Net profit for the period was INR 2,264.670 million or INR 201.01 per basic and diluted share before and after extraordinary items compared with INR 2,196.554 million or INR 194.96 per basic and diluted share before and after extraordinary items for the same period a year ago.

Lakshmi Machine Works Limited to Report Fiscal Year 2016 Results on May 25, 2016

Lakshmi Machine Works Limited announced that they will report fiscal year 2016 results on May 25, 2016

Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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