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Dip in Lakshmi Maxhine Works quarterly income

Lakshmi Machine Works’ total income was Rs 480.55 crores in the period ended June 30, 2019, as compared to Rs 618.54 crores in the period ended March 31, 2019. Net profit was Rs 10.47 crores for the period ended June 30, 2019, as against Rs 35.68 crores for the period ended March 31, 2019. EPS was Rs 9.80 for the period ended June 30, 2019, as compared to Rs 33.40 for the period ended March 31, 2019.

Total income was Rs 480.55 crores during the period ended June 30, 2019, as compared to Rs 668.71 crores during the period ended June 30, 2018. Net profit was Rs 10.47 crores for the period ended June 30, 2019, as against Rs 49.67 crores for the period ended June 30, 2018. EPS was Rs 9.80 for the period ended June 30, 2019, as compared to Rs 45.35 for the period ended June 30, 2018.

This machinery manufacturer has launched a slew of new products, including the new draw frame, higher capacity carding machines, longer ring frames, and new compact systems. The new Drawframe LDF3, Card LC636, Ringframe LR9/SX and the new Compact System SPINPACT have been well accepted in global markets.

 
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