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Results
01-Nov-22
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Analysis
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Lakshmi Machine Works
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Strong show
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Net sales (including
other operating income) of Lakshmi Machine Works has increased 50.91% to Rs
1211.9 crore. Operating profit margin has jumped from 8.22% to
9.90%, leading to 81.72% rise in operating profit to Rs 120.01
crore. Raw material cost as a % of total sales (net of stock
adjustments) increased from 63.81% to 64.13%. Employee cost decreased
from 9.76% to 8.05%. Other expenses fell from 18.22% to 18.02%.
Other income rose 193.12% to Rs 42.62 crore. PBIDT rose
101.82% to Rs 162.63 crore. Provision for interest remained
nil. PBDT rose 101.85% to Rs 162.63 crore. Provision for
depreciation rose 25.61% to Rs 18.54 crore. Profit
before tax grew 118.95% to Rs 144.09 crore. Share of profit/loss
were nil in both the periods. Provision for tax was expense of Rs
39.79 crore, compared to Rs 22.28 crore. Effective tax rate was
27.61% compared to 33.86%. Minority interest was nil in both the
periods. Net profit attributable to owners of the company increased
139.60% to Rs 104.30 crore. - Sales of Textile
Machinery Division segment has gone up 61.11% to Rs 974.11 crore (accounting
for 76.65% of total sales). Sales of Machine Tool & Foundry
Division segment has gone up 24.14% to Rs 263.88 crore (accounting for 20.76%
of total sales). Sales of Advanced Technology Centre segment rose
256.92% to Rs 32.87 crore (accounting for 2.59% of total
sales). Inter-segment sales rose Rs 21.02 crore to Rs 44.83
crore.
- Profit before interest, tax and other unallocable items (PBIT) has
jumped 146.76% to Rs 125.25 crore. PBIT of Textile Machinery
Division segment rose 217.00% to Rs 106.38 crore (accounting for 84.94% of
total PBIT). PBIT of Machine Tool & Foundry Division segment
fell 24.00% to Rs 17.93 crore (accounting for 14.31% of total
PBIT). PBIT of Advanced Technology Centre reported profit of Rs 0.94
crore compared to loss of Rs 6.39 crore.
- PBIT margin of Textile Machinery Division segment rose from 5.55%
to 10.92%. PBIT margin of Machine Tool & Foundry Division
segment fell from 11.10% to 6.79%. PBIT margin of Advanced
Technology Centre segment rose from negative 69.40% to
2.86%. Overall PBIT margin rose from 6.14% to 9.86%.
Half yearly performance
Net sales (including other operating income) of Lakshmi Machine Works has
increased 74.07% to Rs 2194.53 crore. Sales of Textile Machinery
Division segment has gone up 88.00% to Rs 1,753.40 crore (accounting for 76.18%
of total sales). Sales of Machine Tool & Foundry Division
segment has gone up 42.39% to Rs 494.97 crore (accounting for 21.51% of total
sales). Sales of Advanced Technology Centre segment rose 206.74% to
Rs 53.22 crore (accounting for 2.31% of total sales). Inter-segment
sales rose Rs 32.92 crore to Rs 81.86 crore. Profit before interest, tax and other unallocable items (PBIT) has
jumped 413.78% to Rs 211.43 crore. PBIT of Textile Machinery
Division segment rose 713.94% to Rs 178.46 crore (accounting for 84.41% of
total PBIT). PBIT of Machine Tool & Foundry Division segment
fell 2.66% to Rs 31.25 crore (accounting for 14.78% of total
PBIT). PBIT of Advanced Technology Centre reported profit of Rs 1.71
crore compared to loss of Rs 12.88 crore. PBIT margin of Textile Machinery Division segment rose from 2.35%
to 10.18%. PBIT margin of Machine Tool & Foundry Division
segment fell from 9.24% to 6.31%. PBIT margin of Advanced Technology
Centre segment rose from negative 74.23% to 3.22%. Overall PBIT
margin rose from 3.17% to 9.19%. Operating profit margin
has jumped from 5.81% to 9.37%, leading to 181% rise in operating profit to Rs
205.72 crore. Raw material cost as a % of total sales (net of stock
adjustments) increased from 63.32% to 64.07%. Employee cost decreased
from 11.38% to 8.43%. Other expenses fell from 19.58% to 18.30%.
Other income rose 106.55% to Rs 67.5 crore. PBIDT rose
158.02% to Rs 273.22 crore. Provision for interest remained
nil. Loan funds remained nil. Inventories rose to Rs
705.82 crore as of 30 September 2022 from Rs 449.41 crore as of 30 September
2021. Sundry debtors were higher at Rs 321.69 crore as of 30
September 2022 compared to Rs 225.91 crore as of 30 September
2021. Cash and bank balance declined from Rs 854.91 crore as of 30
September 2021 to Rs 542.99 crore as of 30 September 2022. Investments
rose to Rs 467.35 crore as of 30 September 2022 from Rs 312.09 crore as of 30
September 2021 . PBDT rose 158.05% to Rs 273.22 crore. Provision for
depreciation rose 20.29% to Rs 34.98 crore. Fixed assets increased
to Rs 850.90 crore as of 30 September 2022 from Rs 693.13 crore as of 30
September 2021. Intangible assets increased from Rs 13.48 crore to
Rs 13.99 crore. Profit before tax grew
210.21% to Rs 238.24 crore. Share of profit/loss were nil in both
the periods. Provision for tax was expense of Rs 61.31 crore,
compared to Rs 25.68 crore. Effective tax rate was 25.73% compared
to 43.07%.
Minority interest was nil in both the periods. Net
profit attributable to owners of the company increased 421.15% to Rs 176.93
crore. ed March 2021.
| Lakshmi Machine Works : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202209 | 202109 | Var.(%) | 202209 | 202109 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 1,211.90 | 803.07 | 50.91 | 2,194.53 | 1,260.70 | 74.07 | 3,170.95 | 1,727.38 | 83.57 | | OPM (%) | 9.90 | 8.22 | 168 bps | 9.37 | 5.81 | 357 bps | 7.79 | 4.08 | 371 bps | | OP | 120.01 | 66.04 | 81.72 | 205.72 | 73.21 | 181.00 | 246.96 | 70.44 | 250.60 | | Other Inc. | 42.62 | 14.54 | 193.12 | 67.50 | 32.68 | 106.55 | 68.34 | 78.73 | -13.20 | | PBIDT | 162.63 | 80.58 | 101.82 | 273.22 | 105.89 | 158.02 | 315.30 | 149.17 | 111.37 | | Interest | 0 | 0.01 | - | 0 | 0.01 | - | 0.09 | 0.08 | 12.50 | | PBDT | 162.63 | 80.57 | 101.85 | 273.22 | 105.88 | 158.05 | 315.21 | 149.09 | 111.42 | | Depreciation | 18.54 | 14.76 | 25.61 | 34.98 | 29.08 | 20.29 | 59.72 | 55.63 | 7.35 | | PBT | 144.09 | 65.81 | 118.95 | 238.24 | 76.8 | 210.21 | 255.49 | 93.46 | 173.37 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 144.09 | 65.81 | 118.95 | 238.24 | 76.8 | 210.21 | 255.49 | 93.46 | 173.37 | | EO Income | 0 | 0 | - | 0 | -17.17 | - | -17.17 | -22.12 | 22.38 | | PBT after EO | 144.09 | 65.81 | 118.95 | 238.24 | 59.63 | 299.53 | 238.32 | 71.34 | 234.06 | | Taxation | 39.79 | 22.28 | 78.59 | 61.31 | 25.68 | 138.75 | 57.27 | 26.74 | 114.17 | | PAT | 104.3 | 43.53 | 139.60 | 176.93 | 33.95 | 421.15 | 181.05 | 44.6 | 305.94 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 104.3 | 43.53 | 139.60 | 176.93 | 33.95 | 421.15 | 181.05 | 44.6 | 305.94 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 104.3 | 43.53 | 139.60 | 176.93 | 33.95 | 421.15 | 181.05 | 44.6 | 305.94 | | EPS (Rs)* | 97.63 | 40.75 | 139.60 | 165.62 | 40.93 | 304.60 | 181.68 | 54.69 | 232.23 | | | * EPS is on current equity of Rs 10.68 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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| Lakshmi Machine Works : Consolidated Segment Results | | | Quarter ended | Year to Date | Year ended |
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| % of (Total) | 202209 | 202109 | Var.(%) | % of (Total) | 202209 | 202109 | Var.(%) | % of (Total) | 202203 | 202103 | Var.(%) |
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| Sales | | Textile Machinery Division | 76.65 | 974.11 | 604.63 | 61.11 | 76.18 | 1,753.40 | 932.68 | 88.00 | 73.66 | 2,403.32 | 1,223.62 | 96.41 | | Machine Tool & Foundry Division | 20.76 | 263.88 | 212.57 | 24.14 | 21.51 | 494.97 | 347.61 | 42.39 | 24.86 | 811.29 | 526.92 | 53.97 | | Advanced Technology Centre | 2.59 | 32.87 | 9.21 | 256.92 | 2.31 | 53.22 | 17.35 | 206.74 | 1.48 | 48.29 | 28.88 | 67.22 | | Total Reported Sales | 100.00 | 1,270.86 | 826.41 | 53.78 | 100.00 | 2,301.59 | 1,297.65 | 77.37 | 100.00 | 3,262.90 | 1,779.41 | 83.37 | | Less: Inter segment revenues | | 44.83 | 21.02 | 113.29 | | 81.86 | 32.92 | 148.68 | | 83.27 | 41.33 | 101.46 | | Net Sales | 100.00 | 1,226.03 | 805.39 | 52.23 | 100.00 | 2,219.74 | 1,264.73 | 75.51 | 100.00 | 3,179.63 | 1,738.08 | 82.94 | | PBIT | | Textile Machinery Division | 84.94 | 106.38 | 33.56 | 217.00 | 84.41 | 178.46 | 21.93 | 713.94 | 72.46 | 144.21 | 13.99 | 930.88 | | Machine Tool & Foundry Division | 14.31 | 17.93 | 23.59 | -24.00 | 14.78 | 31.25 | 32.10 | -2.66 | 36.87 | 73.39 | 36.37 | 101.76 | | Advanced Technology Centre | 0.75 | 0.94 | -6.39 | LP | 0.81 | 1.71 | -12.88 | LP | -9.33 | -18.57 | -25.87 | 28.23 | | Total PBIT | 100.00 | 125.25 | 50.76 | 146.76 | 100.00 | 211.43 | 41.15 | 413.78 | 100.00 | 199.03 | 24.49 | 712.59 | | Less : Interest | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | Add: Other un-allcoable | | 18.84 | 15.05 | 25.20 | | 26.81 | 18.48 | 45.08 | | 39.29 | 46.84 | -16.13 | | PBIT Margin(%) | | Textile Machinery Division | | 10.92 | 5.55 | 537.06 | | 10.18 | 2.35 | 782.71 | | 6.00 | 1.14 | 485.73 | | Machine Tool & Foundry Division | | 6.79 | 11.10 | -430.28 | | 6.31 | 9.24 | -292.18 | | 9.05 | 6.90 | 214.28 | | Advanced Technology Centre | | 2.86 | -69.40 | 7,225.11 | | 3.22 | -74.23 | 7,744.89 | | -38.45 | -89.57 | 5,112.83 | | PBT | 100.00 | 144.09 | 65.81 | 118.96 | 100.00 | 238.23 | 59.63 | 299.52 | 100.00 | 238.32 | 71.33 | 234.09 |
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Previous News |
Lakshmi Machine Works standalone net profit rises 260.83% in the March 2021 quarter
(
Results
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Announcements
24-May-21
17:52
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Lakshmi Machine Works fixes record date for dividend
(
Market Beat
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Reports
24-May-21
18:12
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Lakshmi Machine Works consolidated net profit rises 1285.64% in the March 2021 quarter
(
Results
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Announcements
24-May-21
18:23
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Lakshmi Machine Works
(
Results
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Analysis
05-Feb-19
09:53
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Board of Lakshmi Machine Works recommends Final Dividend
(
Corporate News
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24-May-21
17:39
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Lakshmi Machine Works to hold board meeting
(
Corporate News
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06-Jan-22
10:16
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Lakshmi Machine Works
(
Results
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Analysis
25-Jul-20
16:13
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Lakshmi Machine Works records PAT at Rs 26 crore in Q4 FY21
(
Hot Pursuit
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25-May-21
11:14
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Board of Lakshmi Machine Works approves scheme of amalgamation
(
Corporate News
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24-May-21
18:18
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Lakshmi Machine Works
(
Results
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Analysis
25-May-21
10:53
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Lakshmi Machine Works
(
Results
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Analysis
28-Jan-20
11:06
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