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Lakshmi Machine Works net profit up 25.23 per cent

Lakshmi Machine Works' (LMW) net profit rose 25.23 per cent on a 0.64 per cent rise in total income in the fourth quarter of March 2015 over the fourth quarter of March 2014. The board has recommended a dividend of Rs 37.50 per share for the year ended March 31, 2015.

LMW was founded in 1962. It is a global player and one among the three manufacturers of the entire range of textile spinning machinery from blow room to ring spinning. The company diversified into CNC machine tools and is a brand leader in manufacturing customised products.

It has a 60 per cent market share in the domestic textile spinning machinery industry. The aim is to deliver greater value to customers by providing complete competitive solutions through technological leadership and manufacturing excellence. LMW’s global presence has grown over the years, with a market presence not only in developing countries, but also in Europe. It has won the top export award in textile machine exports for the past several years.

The foundry makes precision castings for industries the world over. Lakshmi has added the advanced technology center to produce components for the aerospace industry.

www.lakshmimach.com/

 
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