Lakshmi Machine Works Q1 Results Live : profit falls by 88.25% YOY
Lakshmi Machine Works Q1 Results Live : Revenue decreased by 43.49% YoY & profit decreased by 88.25% YoY
Lakshmi Machine Works Q1 Results Live : Lakshmi Machine Works announced their Q1 results on 31 Jul, 2024, revealing a 43.49% decrease in revenue and an 88.25% decline in profit compared to the same period last year.
In comparison to the previous quarter, the company experienced a 30.67% drop in revenue and an 83.3% decrease in profit.
Selling, general & administrative expenses also saw a decline, decreasing by 1.56% quarter-on-quarter and 11.76% year-on-year.
Operating income took a hit, down by 128.06% quarter-on-quarter and 115.3% year-on-year.
The Earnings Per Share (EPS) for Q1 stood at ₹10.31, marking an 88.26% decrease year-on-year.
On the market performance front, Lakshmi Machine Works delivered -2.66% return in the last week, with 10.22% return over the past 6 months and 10.43% Year-to-Date return.
The company currently holds a market cap of ₹16701.96 Cr, with a 52-week high/low of ₹17794.15 & ₹12722.3 respectively.
Analysts' ratings as of 02 Aug, 2024 show that out of 2 analysts covering the company, 1 analyst has given a Strong Sell rating and 1 analyst has given a Hold rating.
Lakshmi Machine Works Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 672.96 | 970.65 | -30.67% | 1190.82 | -43.49% |
| Selling/ General/ Admin Expenses Total | 93.55 | 95.03 | -1.56% | 106.02 | -11.76% |
| Depreciation/ Amortization | 26.41 | 26.57 | -0.6% | 22.79 | +15.88% |
| Total Operating Expense | 686.13 | 923.72 | -25.72% | 1104.74 | -37.89% |
| Operating Income | -13.17 | 46.93 | -128.06% | 86.08 | -115.3% |
| Net Income Before Taxes | 16.25 | 87.13 | -81.35% | 122.38 | -86.72% |
| Net Income | 11.02 | 65.98 | -83.3% | 93.8 | -88.25% |
| Diluted Normalized EPS | 10.31 | 61.76 | -83.31% | 87.83 | -88.26% |
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