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Lokesh Machines Ltd Q1FY24; 6% rise in Profits

Lokesh Machines Limited was incorporated in 1983 in Hyderabad. Co. is engaged in the business of manufacture and export of Special Purpose Machines (SPM), General Purpose Machines/CNC Lathes (GPM), Connecting Rods, and machining of Cylinder Blocks and Heads. The co. also ranks amongst the Top Five Machine Tool Manufacturers in the country.

Financial Results:

Lokesh Machines Ltd reported Revenues for Q1FY24 of ₹50.30 Crores up from ₹50.04 Crore year on year, a rise of 0.52%.

Total Expenses for Q1FY24 of ₹49.61 Crores up from ₹49.25 Crores year on year, a rise of 0.73%.

Consolidated Net Profit of ₹0.76 Crores up 5.56% from ₹0.72 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.42, up 5.00% from ₹0.40 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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