PBIT of Textile Machinery Division reported loss of Rs 14.04 crore compared to profit of Rs 83.47 crore. PBIT of Machine Tool & Foundry Division segment fell 62.87% to Rs 6.46 crore (accounting for -106.95% of total PBIT). PBIT of Advanced Technology Centre segment fell 64.92% to Rs 1.54 crore (accounting for -25.50% of total PBIT).
PBIT margin of Textile Machinery Division segment fell from 8.67% to 3.09%. PBIT margin of Machine Tool & Foundry Division segment fell from 7.14% to 3.13%. PBIT margin of Advanced Technology Centre segment fell from 10.71% to 3.93%. Overall PBIT margin fell from 8.44% to -0.86%.
Operating profit margin has declined from 9.14% to 1.97%, leading to 87.84% decline in operating profit to Rs 13.24 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 64.40% to 62.90%. Employee cost increased from 8.79% to 13.40%. Other expenses rose from 17.79% to 21.81%.Other income fell 19.29% to Rs 29.42 crore. PBIDT fell 70.64% to Rs 42.66 crore. Provision for interest remained nil.
PBDT fell 70.61% to Rs 42.66 crore. Provision for depreciation rose 15.88% to Rs 26.41 crore.
Profit before tax down 86.72% to Rs 16.25 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 5.23 crore, compared to Rs 28.58 crore. Effective tax rate was 32.18% compared to 23.35%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 88.25% to Rs 11.02 crore.Net sales (including other operating income) of Lakshmi Machine Works has declined 0.49% to Rs 4695.86 crore. Sales of Textile Machinery Division segment has gone down 3.91% to Rs 3,675.59 crore (accounting for 75.23% of total sales). Sales of Machine Tool & Foundry Division segment has gone up 6.51% to Rs 1,049.77 crore (accounting for 21.49% of total sales). Sales of Advanced Technology Centre segment rose 44.64% to Rs 160.19 crore (accounting for 3.28% of total sales). Inter-segment sales rose Rs 161.93 crore to Rs 163.34 crore.
Profit before interest, tax and other unallocable items (PBIT) has slumped 8.60% to Rs 404.37 crore. PBIT of Textile Machinery Division segment fell 16.40% to Rs 315.92 crore (accounting for 78.13% of total PBIT). PBIT of Machine Tool & Foundry Division segment rose 21.62% to Rs 74.42 crore (accounting for 18.40% of total PBIT). PBIT of Advanced Technology Centre segment rose 321.32% to Rs 14.03 crore (accounting for 3.47% of total PBIT).
PBIT margin of Textile Machinery Division segment fell from 9.88% to 8.60%. PBIT margin of Machine Tool & Foundry Division segment rose from 6.21% to 7.09%. PBIT margin of Advanced Technology Centre segment rose from 3.01% to 8.76%. Overall PBIT margin fell from 8.99% to 8.28%.
Operating profit margin has declined from 9.52% to 9.26%, leading to 3.15% decline in operating profit to Rs 434.98 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 64.30% to 63.11%. Employee cost increased from 7.92% to 8.83%. Other expenses rose from 18.42% to 18.74%.Other income fell 2.91% to Rs 143.52 crore. PBIDT fell 3.09% to Rs 578.5 crore. Provision for interest remained nil. Loan funds remained nil. Inventories declined from Rs 701.80 crore as of 31 March 2023 to Rs 619.61 crore as of 31 March 2024. Sundry debtors were lower at Rs 129.65 crore as of 31 March 2024 compared to Rs 232.56 crore as of 31 March 2023. Cash and bank balance rose to Rs 954.75 crore as of 31 March 2024 from Rs 761.38 crore as of 31 March 2023. Investments rose to Rs 641.32 crore as of 31 March 2024 from Rs 508.36 crore as of 31 March 2023 .
PBDT fell 3.09% to Rs 578.5 crore. Provision for depreciation rose 23.93% to Rs 96.34 crore. Fixed assets increased to Rs 967.36 crore as of 31 March 2024 from Rs 911.82 crore as of 31 March 2023. Intangible assets declined from Rs 15.40 crore to Rs 14.09 crore.
Profit before tax down 7.14% to Rs 482.16 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 108.5 crore, compared to Rs 135.2 crore. Effective tax rate was 22.50% compared to 26.04%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 2.70% to Rs 373.66 crore.
Equity capital stood at Rs 10.68 crore as of 31 March 2024 to Rs 10.68 crore as of 31 March 2023. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 31.13% as of 30 June 2024 ,compared to 31.13% as of 30 June 2023 . Promoters’ stake was 31.13% as of 31 March 2024 ,compared to 31.13% as of 31 March 2023 .
Cash flow from operating activities decreased to Rs 140.58 crore for year ended March 2024 from Rs 364.14 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 151.13 crore, compared to Rs 278.11 crore during the year ended March 2023.
| Lakshmi Machine Works : Consolidated Results | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lakshmi Machine Works : Consolidated Segment Results | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 mins read . Oct 17, 2024
10 mins read . Oct 16, 2024
9 mins read . Oct 11, 2024
