Home / Knowledge / News / Textiles / Lakshmi Machine's profit plummets in Q2
Lakshmi Machine's profit plummets in Q2
Oct '12
Lakshmi Machine Works Limited, a leading textile machinery manufacturer in India and one among the three in the world to produce the entire range of spinning machinery, has posted a sharp decline in its net income as well as profit during the second quarter of the current financial year 2012-13.
The company’s total income during July-September period stood at Rs. 4.696 billion, about Rs. 1.02 billion less than the Rs. 5.715 billion income earned during the corresponding period of previous fiscal.
Similarly, net profit of the company declined sharply to Rs. 306.4 million in the second quarter of 2012-13, compared to net profit of Rs. 492.3 million registered during the same period of last fiscal.
The textile machinery division, which accounts for the major part of LMW’s sales, also showed a drop in sales to Rs. 4.07 billion, much lower than the Rs. 4.95 billion achieved during the corresponding quarter last year.
Accordingly, the profit of the textile machinery division fell to Rs. 333.8 million compared to profit of Rs. 549.6 million made during the corresponding quarter of 2011-12.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search