Lakshmi Machine Works reported 49.4% higher revenues for the Dec-20 quarter on consolidated basis at Rs478.56cr. Both the key verticals of LMW saw robust growth in revenues yoy. While the textiles machinery business saw a growth of 40% yoy in sales, the machine tools & foundry division saw its total sales up by 74% on a yoy basis.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 10-fold at Rs33.26cr on better operational performance in the quarter supported by higher sales revenues and much more efficient inventory management during the latest quarter. PAT margins also improved substantially from 1.02% in Dec-19 to 6.95% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
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Lakshmi Machine Works |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 478.56 |
₹ 320.33 |
49.40% |
₹ 396.34 |
20.74% |
|
Net Profit (Rs cr) |
₹ 33.26 |
₹ 3.26 |
920.25% |
₹ 6.91 |
381.33% |
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Diluted EPS (Rs) |
₹ 31.13 |
₹ 3.06 |
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₹ 6.47 |
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Net Margins |
6.95% |
1.02% |
|
1.74% |
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