Lakshmi Machine Works net profit dips in FY12

Lakshmi Machine Works Limited (LMW), a leading textile machinery manufacturer in India, has posted net profit of Rs. 1.37 billion during fiscal year 2011-12 ending March 31, showing a 17 percent decline compared to net profit of Rs. 1.66 billion registered during fiscal 2010-11.

However, LMW’s net sales increased by 17 percent year-on-year to Rs. 21.13 billion during last fiscal over its net sales of Rs. 18.04 billion reported during fiscal 2010-11.

The Coimbatore-based company’s exports too grew to Rs. 3.21 billion during last fiscal, as against its exports worth Rs. 2.84 billion during the previous year. Last fiscal’s figures include exports of machinery parts worth Rs. 730 million made by the company to its China-based subsidiary.

For the January-March 2012 quarter, LMW’s net profit declined to Rs. 69.9 million, as against its net profit of Rs. 444 million reported during the same quarter of earlier fiscal.

Similarly, income from operations of the company slipped to Rs. 5.02 billion during the fourth quarter of last fiscal from Rs. 5.35 billion achieved during the last quarter of 2010-11.

For more details please visit : Lakshmi Machine Works net profit dips in FY12 @ fibre2fashion

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LMW delivers new ringframe model to Chinese clients

Deputy Chief Minister, M.K. Stalin of Tamil Nadu has recently launched a product of Coimbatore-based Lakshmi Machine Works (LMW) in Shanghai, which had established a textile machinery unit in the southern Jiangsu province of China in September 2009. This was the first South Indian venture in China.

LMW supplied its recently engineered ring frame machine, utilized in yarn manufacturing, to its three Chinese clients.

The $12-million manufacturing unit of LMW located adjacent to Shanghai, is just one of the few Indian companies, which have established such units in China and are looking forward to cater to the requirements of the Chinese market.

Original Source: LMW delivers new ringframe model to Chinese clients @ Fibre2fashion

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Revenues skyrocket at LMW in Q1

Today, the Coimbatore based, Lakshmi Machine Works Ltd (LMW), a reputed and the biggest textile machinery manufacturer in India released its first quarter fiscal 2010-11 results.

In its textile machinery division, revenues have leapfrogged from Rs 1.6 billion in the first quarter of fiscal 2009-10 to Rs 3.02 billion in the quarter under consideration.

In the same way, profit before interest and tax of the textile division, too has jumped from just Rs 19.67 million to Rs 311.94 million in the first quarter of fiscal 2010-11.

Original Source: Fibre2fashion

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