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Our Bureau

Coimbatore May 30 Textile machinery manufacturing major Lakshmi Machine Works' profit after tax rose to Rs 206.19 crore for the year ended March 2007 compared with Rs 144.83 cr the earlier fiscal.

While the overall performance has seen a solid jump, its net profit during the last quarter of 2006-07 slipped to Rs 68.62 crore from Rs 82.33 crore clocked during the corresponding quarter of the previous year.

The company has made substantial provision for the current and deferred taxes totalling Rs 27.57 crore during the fourth quarter of 2007.

The company has during the year paid total interim dividend of Rs 40/share (of Rs 10 each), which, according to management sources, is treated as final dividend for 2006-07.

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