Consolidated net sales (including other operating income) of Lakshmi Machine Works for the quarter ended Dec 2021 has increased 90.52% to Rs 911.76 crore. Sales of Textile Machinery Division segment has gone up 116.46% to Rs 710.11 crore (accounting for 75.71% of total sales). Sales of Machine Tool & Foundry Division segment has gone up 32.75% to Rs 214.78 crore (accounting for 22.90% of total sales). Sales of Advanced Technology Centre segment rose 75.46% to Rs 13.07 crore (accounting for 1.39% of total sales). Inter-segment sales rose Rs 15.08 crore to Rs 23.21 crore. Profit before interest, tax and other unallocable items (PBIT) has jumped 145.34% to Rs 75.13 crore. PBIT of Textile Machinery Division segment rose 175.42% to Rs 59.06 crore (accounting for 78.60% of total PBIT). PBIT of Machine Tool & Foundry Division segment rose 21.31% to Rs 20.08 crore (accounting for 26.73% of total PBIT). PBIT of Advanced Technology Centre segment rose 45.66% to Rs -4.01 crore (accounting for -5.33% of total PBIT). PBIT margin of Textile Machinery Division segment rose from 6.54% to 8.32%. PBIT margin of Machine Tool & Foundry Division segment fell from 10.23% to 9.35%. PBIT margin of Advanced Technology Centre segment rose from negative 98.97% to negative 30.65%. Overall PBIT margin rose from 6.16% to 8.01%. Operating profit margin has jumped from 8.47% to 9.11%, leading to 105.03% rise in operating profit to Rs 83.08 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 60.94% to 64.20%. Employee cost decreased from 12.32% to 9.04%. Other expenses fell from 18.81% to 17.79%. Other income fell 1.10% to Rs 20.75 crore. PBIDT rose 68.83% to Rs 103.83 crore. Provision for interest rose 600% to Rs 0.07 crore. PBDT rose 68.74% to Rs 103.76 crore. Provision for depreciation rose 7.97% to Rs 15.17 crore. Profit before tax grew 86.74% to Rs 88.59 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 24.22 crore, compared to Rs 13.36 crore. Effective tax rate was 27.34% compared to 28.66%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 93.54% to Rs 64.37 crore.
Nine month performance
Net sales (including other operating income) of Lakshmi Machine Works has increased 108.15% to Rs 2172.46 crore. Sales of Textile Machinery Division segment has gone up 117.86% to Rs 1,642.79 crore (accounting for 73.48% of total sales). Sales of Machine Tool & Foundry Division segment has gone up 87.22% to Rs 562.40 crore (accounting for 25.16% of total sales). Sales of Advanced Technology Centre segment rose 35.61% to Rs 30.42 crore (accounting for 1.36% of total sales). Inter-segment sales rose Rs 25.94 crore to Rs 56.12 crore.
PBIT of Textile Machinery Division segment rose 24,095.00% to Rs 80.98 crore (accounting for 69.64% of total PBIT). PBIT of Machine Tool & Foundry Division segment rose 492.00% to Rs 52.19 crore (accounting for 44.88% of total PBIT). PBIT of Advanced Technology Centre segment rose 13.74% to Rs -16.89 crore (accounting for -14.52% of total PBIT). PBIT margin of Textile Machinery Division segment rose from 0.04% to 4.93%. PBIT margin of Machine Tool & Foundry Division segment rose from 2.93% to 9.28%. PBIT margin of Advanced Technology Centre segment rose from negative 87.25% to negative 55.50%. Overall PBIT margin rose from 0.97% to 5.20%. Operating profit margin has jumped from 2.52% to 7.19%, leading to 493.62% rise in operating profit to Rs 156.30 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 59.47% to 63.69%. Employee cost decreased from 15.17% to 10.40%. Other expenses fell from 22.86% to 18.83%. Other income fell 3.01% to Rs 53.43 crore. PBIDT rose 157.59% to Rs 209.73 crore. Provision for interest rose 200% to Rs 0.09 crore. PBDT rose 157.57% to Rs 209.64 crore. Provision for depreciation rose 5.81% to Rs 44.25 crore. Profit before tax grew 317.97% to Rs 165.39 crore. Share of profit/loss were nil in both the periods. Extraordinary items were decreased to Rs -17.17 crore. Provision for tax was expense of Rs 49.9 crore, compared to Rs 11.2 crore. Effective tax rate was 33.67% compared to 37.65%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 430.03% to Rs 98.32 crore. Promoters’ stake was 31.13% as of 31 December 2021 ,compared to 31.11% as of 31 December 2020 .
| Lakshmi Machine Works : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202112 | 202012 | Var.(%) | 202112 | 202012 | Var.(%) | 202103 | 202003 | Var.(%) |
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| Net Sales (including other operating income) | 911.76 | 478.56 | 90.52 | 2,172.46 | 1,043.68 | 108.15 | 1,727.38 | 1,574.50 | 9.71 | | OPM (%) | 9.11 | 8.47 | 64 bps | 7.19 | 2.52 | 467 bps | 4.08 | 0.71 | 337 bps | | OP | 83.08 | 40.52 | 105.03 | 156.30 | 26.33 | 493.62 | 70.44 | 11.15 | 531.75 | | Other Inc. | 20.75 | 20.98 | -1.10 | 53.43 | 55.09 | -3.01 | 78.73 | 94.00 | -16.24 | | PBIDT | 103.83 | 61.50 | 68.83 | 209.73 | 81.42 | 157.59 | 149.17 | 105.15 | 41.86 | | Interest | 0.07 | 0.01 | 600.00 | 0.09 | 0.03 | 200.00 | 0.08 | 0.61 | -86.89 | | PBDT | 103.76 | 61.49 | 68.74 | 209.64 | 81.39 | 157.57 | 149.09 | 104.54 | 42.62 | | Depreciation | 15.17 | 14.05 | 7.97 | 44.25 | 41.82 | 5.81 | 55.63 | 55.26 | 0.67 | | PBT | 88.59 | 47.44 | 86.74 | 165.39 | 39.57 | 317.97 | 93.46 | 49.28 | 89.65 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 88.59 | 47.44 | 86.74 | 165.39 | 39.57 | 317.97 | 93.46 | 49.28 | 89.65 | | EO Income | 0 | -0.82 | - | -17.17 | -9.82 | -74.85 | -22.12 | -2.1 | -953.33 | | PBT after EO | 88.59 | 46.62 | 90.03 | 148.22 | 29.75 | 398.22 | 71.34 | 47.18 | 51.21 | | Taxation | 24.22 | 13.36 | 81.29 | 49.9 | 11.2 | 345.54 | 26.74 | 19.41 | 37.76 | | PAT | 64.37 | 33.26 | 93.54 | 98.32 | 18.55 | 430.03 | 44.6 | 27.77 | 60.60 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 64.37 | 33.26 | 93.54 | 98.32 | 18.55 | 430.03 | 44.6 | 27.77 | 60.60 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 64.37 | 33.26 | 93.54 | 98.32 | 18.55 | 430.03 | 44.6 | 27.77 | 60.60 | | EPS (Rs)* | 60.25 | 31.69 | 90.16 | 102.70 | 23.10 | 344.53 | 54.69 | 27.16 | 101.38 | | | * 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) | 202112 | 202012 | Var.(%) | % of (Total) | 202112 | 202012 | Var.(%) | % of (Total) | 202103 | 202003 | Var.(%) |
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| Sales | | Textile Machinery Division | 75.71 | 710.11 | 328.06 | 116.46 | 73.48 | 1,642.79 | 754.04 | 117.86 | 68.77 | 1,223.62 | 1,194.47 | 2.44 | | Machine Tool & Foundry Division | 22.90 | 214.78 | 161.80 | 32.75 | 25.16 | 562.40 | 300.40 | 87.22 | 29.61 | 526.92 | 401.56 | 31.22 | | Advanced Technology Centre | 1.39 | 13.07 | 7.45 | 75.46 | 1.36 | 30.42 | 22.44 | 35.61 | 1.62 | 28.88 | 33.26 | -13.16 | | Total Reported Sales | 100.00 | 937.97 | 497.31 | 88.61 | 100.00 | 2,235.61 | 1,076.87 | 107.60 | 100.00 | 1,779.41 | 1,629.29 | 9.21 | | Less: Inter segment revenues | | 23.21 | 15.08 | 53.93 | | 56.12 | 25.94 | 116.37 | | 41.33 | 32.31 | 27.92 | | Net Sales | 100.00 | 914.76 | 482.23 | 89.69 | 100.00 | 2,179.49 | 1,050.94 | 107.39 | 100.00 | 1,738.08 | 1,596.98 | 8.84 | | PBIT | | Textile Machinery Division | 78.60 | 59.06 | 21.44 | 175.42 | 69.64 | 80.98 | 0.33 | 24,095.00 | 57.11 | 13.99 | -8.11 | LP | | Machine Tool & Foundry Division | 26.73 | 20.08 | 16.56 | 21.31 | 44.88 | 52.19 | 8.82 | 492.00 | 148.50 | 36.37 | 27.86 | 30.56 | | Advanced Technology Centre | -5.33 | -4.01 | -7.37 | 45.66 | -14.52 | -16.89 | -19.58 | 13.74 | -105.62 | -25.87 | -16.43 | -57.43 | | Total PBIT | 100.00 | 75.13 | 30.62 | 145.34 | 100.00 | 116.28 | -10.43 | LP | 100.00 | 24.49 | 3.32 | 637.66 | | Less : Interest | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | Add: Other un-allcoable | | 13.46 | 15.99 | -15.86 | | 31.94 | 40.18 | -20.51 | | 46.84 | 43.86 | 6.79 | | PBIT Margin(%) | | Textile Machinery Division | | 8.32 | 6.54 | 178.05 | | 4.93 | 0.04 | 488.51 | | 1.14 | -0.68 | 182.19 | | Machine Tool & Foundry Division | | 9.35 | 10.23 | -88.20 | | 9.28 | 2.93 | 634.50 | | 6.90 | 6.94 | -3.47 | | Advanced Technology Centre | | -30.65 | -98.97 | 6,832.41 | | -55.50 | -87.25 | 3,175.28 | | -89.57 | -49.41 | -4,016.36 | | PBT | 100.00 | 88.59 | 46.62 | 90.04 | 100.00 | 148.22 | 29.75 | 398.21 | 100.00 | 71.33 | 47.18 | 51.18 |
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