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LMW's net profit rises 12.4% in Q3 FY '16
Feb '16
Lakshmi Machine Works (LMW), reported a rise of 12.4 per cent in its net profit to Rs 63.49 crore in the third quarter of fiscal 2015-16, ending on December 31, 2015, as compared to Rs 56.48 crore in the second quarter of the same fiscal, according to the unaudited result posted on the company’s website.

Profit before other income, finance costs and exceptional items was reported to be Rs 74.14 crore in the third quarter of FY 15-16 as compared to Rs 52.81 crore in Q2, a rise of 40.39 per cent.

Diluted Earnings per Share (EPS) was reported to be Rs 56.35 in Q3 of the fiscal 2015-16 as compared to Rs 50.13 in the second quarter of the fiscal.

Expenses incurred by LMW were Rs 577.48 crore in this period as compared to Rs 567 crore in the second quarter, a rise of 1.84 per cent.

Total income from operations was Rs 651.62 crore as compared to Rs 619.81 crore in the prior quarter, a rise of 5.13 per cent. (MCJ)

Fibre2Fashion News Desk – India

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