Home / Knowledge / News / Textiles / Lakshmi Machine Q1 net profit rises 37%
Lakshmi Machine Q1 net profit rises 37%
Aug '11
Lakshmi Machine Works (LMW) Limited, a leading textile machinery manufacturer in India, has posted a 37 percent increase in net profit during the first quarter of current fiscal ended June 30. The company's net profit rose to Rs. 411.4 million with a sound 50 percent increase in its total earnings to Rs. 5.02 billion.

Earnings from the textile machinery business, which accounts for 85 percent of the total revenues, increased to Rs. 4.38 billion, registering a year-on-year growth of 45 percent. Profit from this segment improved by 36 percent to Rs. 423.3 million, which was 89 percent of the total profit.

Operating Profit Margin (OPM) of the company was, however, under pressure and declined by 2.3 percent to 13.9 percent, mainly owing to hike in price of raw material.

Employee cost too declined by 1.8 percent during the quarter to 8.3 percent. While operating profit rose 27 percent to Rs. 708.8 million, it's Profit Before Interest, Depreciation and Taxes (PBIDT) was up by 23 percent to Rs. 854.5 million.

Being a debt free company, LMW enjoys the benefit of paying nil interest cost.

In fiscal 2010-11, the net sales of LMW's textile machinery division increased 56 percent to Rs. 15.64 billion, and the profit of this segment had risen by 70 percent to Rs. 1.64 billion.

Fibre2fashion News Desk - India

Must ReadView All

(left to right) Rohit Munjal, Ashok  Shah, Rahul Mehta, Premal Udani, Rajesh Masand and Jayesh  Shah

Textiles | On 28th Jun 2017

CMAI to host 822 exhibitors at 65th National Garment Fair

The Clothing Manufacturers Association of India (CMAI) will host over ...

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search