Lakshmi Machine Works Ltd - FirstCut Q3'FY14 - Microsec

Q3 FY'14 Result

For the quarter ended December 31, 2013, the Company's topline reported a robust growth of ~46%(YoY) at INR 62,964 lacs and its EBITDA increased significantly by ~89%(YoY) to INR8,337 lacs. Also, EBITDA Margin increased to 13.2% from 10.2% (YoY). The Company's bottomline also witnessed a strong growth of ~176%(YoY) at INR5273 lacs. On the 9MFY14 front, the company has given growth in both revenues and profits of ~14% and ~54% respectively.

The following were the Key Highlights of the Segments during Q3'FY14:

- Revenues of Textile Machinery segment increased to INR56829 from INR38,064 lacs resulting in a growth of 49.3% (YoY)

- Revenue of Machinery Tool & Foundry segment increased to INR5781 lacs whereas that of Advanced Technology increased to INR723 lacs during the third quarter.

- Profit before Interest & Tax for Textile Machinery segment increased to INR5858 lacs from INR1986 lacs during the same quarter last year.

- Profit before Interest & Tax for Machinery Tool & Foundry increased to INR401 from INR214 lacs resulting in a growth of 87% (YoY).

Source : Equity Bulls

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