For the fourth quarter of financial year ’17, Lakshmi Machine Works’ total sales saw a 22.32 per cent sequential increase and a 5.07 per cent year on year decline.

Its operating profit for the quarter amounted to Rs 90.86 crores and its EBIT margin stood at 12.76 per cent. The company reported PAT of Rs. 68.33 crores, which represents a sequential quarter on quarter increase of 30.02 per cent and a year on year increase of 18.92 per cent.

Lakshmi Machine Works is a textile machinery manufacturing company. The company operates in two business segments: textile machinery segment, which consists of spinning preparatory machinery, accessories and parts, and another segment, which consists of machine tools, foundry division and advanced technology center.

The company’s capacity utilisation levels have, for some time, hovered around 65 to 70 per cent. It feels the south is an attractive market for its range of products. More than 40 per cent of its textile machinery sales happens in the south zone. While the south zone tops in sales, inflow of new orders for Lakshmi is primarily from the west, followed by the south and the north.

Lakshmi is planning new product roll outs. It would, in the next four years, offer the entire range of machinery from blow room to ring frame.