Financial Daily from THE HINDU group of publications
Saturday, Jan 28, 2006
Financial Daily from THE HINDU group of publications Saturday, Jan 28, 2006 |
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Corporate Results
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Engineering LMW net rises; declares 100% interim Our Bureau
Coimbatore , Jan. 27 LAKSHMI Machine Works Ltd (LMW) board declared an interim dividend of Rs 100 per equity share (of Rs 100 each). The company's net profit has swelled to Rs 23.36 crore for the quarter ended December 2005 from Rs 14.71 crore during the corresponding quarter of the previous year. Its income from operations increased to Rs 335.12 crore (Rs 254.70 crore). The textile machinery division has contributed to about 95 per cent of this revenue. The machine tool and foundry division income has stood at Rs 46.68 crore. The company has recorded a five-fold increase in the other income at Rs 20.03 crore (Rs 4.98 crore). The total expenditure has also risen correspondingly to Rs 281.06 crore (Rs 222.83 crore). While the company has been able to contain the staff cost at Rs 25.87 crore (Rs 22.50 crore), the raw material consumption cost had jumped to Rs 181.43 crore (Rs 148.48 crore). While the interest outgo for this quarter was marginally up at Rs 64.17 lakh (Rs 41.65 crore).
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