Lakshmi Machine Works will hold a meeting of the Board of Directors of the Company on 31 July 2024.Powered by Capital Market - Live News

The Board of Lakshmi Machine Works at its meeting held on 27 May 2024 has approved the proposal for change of name of the Company from �Lakshmi Machine Works� to �LMW� subject to the approval of the shareholders of the Company and the relevant Statutory Authorities as may be necessary in this regard.Powered by Capital Market - Live News

The Board of Lakshmi Machine Works at its meeting held on 27 May 2024 has approved incorporation of a wholly owned subsidiary in the United Arab Emirates with an investment not exceeding USD 25 million. Powered by Capital Market - Live News

Net profit of Lakshmi Machine Works declined 29.89% to Rs 65.98 crore in the quarter ended March 2024 as against Rs 94.11 crore during the previous quarter ended March 2023. Sales declined 25.51% to Rs 970.65 crore in the quarter ended March 2024 as against Rs 1303.04 crore during the previous quarter ended March 2023.For the full year,net profit declined 2.70% to Rs 373.66 crore in the year ended March 2024 as against Rs 384.01 crore during the previous year ended March 2023. Sales declined 0.49% to Rs 4695.86 crore in the year ended March 2024 as against Rs 4719.15 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales970.651303.04 -26 4695.864719.15 0 OPM %7.579.08 -9.269.52 - PBDT113.70166.14 -32 578.50596.95 -3 PBT87.13144.41 -40 482.16519.21 -7 NP65.9894.11 -30 373.66384.01 -3 Powered by Capital Market - Live News

Lakshmi Machine Works announced that the 61th Annual General Meeting(AGM) of the company will be held on 31 July 2024.Powered by Capital Market - Live News