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28-May-2024

Lakshmi Machine Works

Net down 30% largely on weak operating show


'Consolidated net sales (including other operating income) of Lakshmi Machine Works for the quarter ended Mar 2024 has declined 25.51% to Rs 970.65 crore.  


Sales of Textile Machinery Division segment has gone down 35.37% to Rs 686.05 crore (accounting for 68.13% of total sales).  Sales of Machine Tool & Foundry Division segment has gone up 17.80% to Rs 293.94 crore (accounting for 29.19% of total sales).  Sales of Advanced Technology Centre segment fell 19.65% to Rs 27.03 crore (accounting for 2.68% of total sales).  Inter-segment sales came down from Rs 38.82 crore to Rs 28.73 crore.  

Profit before interest, tax and other unallocable items (PBIT) has slumped 37.78% to Rs 67.13 crore.  PBIT of Textile Machinery Division segment fell 49.68% to Rs 44.56 crore (accounting for 66.38% of total PBIT).  PBIT of Machine Tool & Foundry Division segment rose 39.00% to Rs 23.45 crore (accounting f...



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