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

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search