Lakshmi Machine Works Q1 results show revenue fell from 1350.91 crores to 1227.27 crores, a -9.15% decrease in growth. EPS down from ₹88.08 to ₹87.80, down by -0.32%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Lakshmi Machine Works shared its Q1 results on Monday. They earned 1227.27 crores in revenue this quarter, but that’s less than the 1350.91 crores they made last quarter. Unfortunately, the company’s growth decreased by -9.15 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 93.80 crores, down from 94.11 crores in the previous quarter. Their quarter-to-quarter growth decreased by -0.33 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹87.80, which is a decrease of -0.32% from the ₹88.08 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 1227.27 crores this year (2023), which is 21.81 percent higher than last year’s total revenue of 1007.51 crores.
This year’s PAT (Profit After Tax) is 93.80 crores, which is also 29.17% higher than last year’s PAT of 72.62 crores.
The EPS (Earnings Per Share) for this year is ₹87.80, which is 29.16% more than the EPS of ₹67.98 earned last year.
Also Read: Adani Green Q1FY24 Results: Consolidated PAT Down to Rs. 322 Cr
Lakshmi Machine Works Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Lakshmi Machine Works:
Lakshmi Machine Works Limited is a manufacturer of textile machinery. Their product lineup comprises spinning preparatory machinery, yarn making machinery, weaving machinery, castings, pilot mills, and metal cutting and grinding machines. Additionally, the company produces various machine tools and foundry products.
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