April 24, 2018 9:47 PM 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 through three segments: Textile Machinery Division, Machine Tool & Foundry Division, and Advanced Technology Centre. The company offers a range of textile machinery, including card sliver systems, combing systems, and ring and post 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, mot...

34A, Kamaraj Road

Coimbatore,  641018

India

Founded in 1962

3,400 Employees

Phone:

91 42 2302 8100

Fax:

91 42 2222 0912

Key Executives for Lakshmi Machine Works Limited

Executive Chairman, CEO & MD
Age: 49
Total Annual Compensation: 16.2M
Compensation as of Fiscal Year 2017.

Lakshmi Machine Works Limited Key Developments

Lakshmi Machine Works Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017

Lakshmi Machine Works Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported total income of INR 5,751.358 million compared with INR 6,090.949 million for the same period a year ago. Profit before exceptional items and tax was INR 831.282 million compared with INR 794.527 million for the same period a year ago. Profit from ordinary activities before tax was INR 828.540 million compared with INR 753.788 million for the same period a year ago. Net profit from ordinary activities after tax was INR 563.465 million or INR 51.43 per basic and diluted share compared with INR 512.576 million or INR 45.50 per basic and diluted share for the same period a year ago. For the nine months, the company reported total income of INR 18,859.780 million compared with INR 17,909.886 million for the same period a year ago. Profit before exceptional items and tax was INR 2,183.580 million compared with INR 1,843.540 million for the same period a year ago. Profit from ordinary activities before tax was INR 2,176.667 million compared with INR 1,798.768 million for the same period a year ago. Net profit from ordinary activities after tax was INR 1,501.9 million or INR 137.09 per basic and diluted share compared with INR 1,223.163 million or INR 108.57 per basic and diluted share for the same period a year ago.

Lakshmi Machine Works Limited to Report Q3, 2018 Results on Jan 29, 2018

Lakshmi Machine Works Limited announced that they will report Q3, 2018 results on Jan 29, 2018

Lakshmi Machine Works Limited, Board Meeting, Jan 29, 2018

Lakshmi Machine Works Limited, Board Meeting, Jan 29, 2018. Agenda: To consider and take on record the unaudited financial results of the company for the quarter ended December 31, 2017.

Recent Private Companies Transactions

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