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.
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 #
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.
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 #
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.
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 #
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.
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 #
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.
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 #
Fibre2fashion News Desk - India