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Lakshmi Machine Works Ltd Q1FY24; 29% rise in Profits

Lakshmi Machine Works Ltd is a leading Textile Machinery Manufacturer in India engaged in the manufacturing and selling of textile spinning machinery, CNC Machine Tools, Heavy castings, and parts and components catering to diverse sectors.

Financial Results:

Lakshmi Machine Works Ltd reported Revenues for Q1FY24 of ₹1,191.00 Crores up from ₹983.00 Crore year on year, a rise of 21.16%.

Total Expenses for Q1FY24 of ₹1,105.00 Crores up from ₹913.00 Crores year on year, a rise of 21.03%.

Consolidated Net Profit of ₹94.00 Crores up 28.77% from ₹73.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹87.80, up 29.16% from ₹67.98 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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