Q4FY17 Results: Lakshmi Machine Works Ltd.

Lakshmi Machine Works Ltd. reported its results for the quarter ended March 31, 2017, today. 

The company's total sales for Q4FY17 came in at Rs 711.95 crore, which represents a 22.32 per cent sequential increase and 5.07 per cent YoY decline.

Its operating profit (EBIT) for the quarter amounted to Rs 90.86 crore and its EBIT margin stood at 12.76 percent.

The company reported PAT of Rs. 68.33 crore, which represents a sequential QoQ increase of 30.02 percent and a YoY increase of 18.92 percent.

Lakshmi Machine Works (LMW) Ltd is an India-based textile machinery manufacturing company. The company operates in two business segments: textile machinery segment, which consists of spinning preparatory machinery, accessories and parts, and other segment, which consists of machine tools, foundry division and advanced technology centre