Total expenses spiked by 88.8% to Rs 828.68 crore in Q3 FY22 from Rs 438.85 crore posted in Q3 FY21.

On the segmental front, revenue from Textile Machinery Division was Rs 710 crore (up 116% YoY), Machine Tool & Foundry Division revenue was Rs 214.78 crore (up 32.7% YoY) and Advanced Technology Centre revenue was Rs 13.07 crore (up 75% YoY) in the quarter ended 31 December 2021.

Lakshmi Machine Works is a leading textile machinery manufacturer in India and one among the three in the world to produce the entire range of spinning machinery.