It is a broadly described annual report of Lakshmi Machine Works Limited in the year of 2016-2017. During the financial year, Total assets of the Company stood at Rs. 2,31,212.45 Lakhs. The Company has achieved a turnover of Rs. 2,35,587.87 Lakhs (2015-2016: Rs. 2,69,150.44 Lakhs) the turnover has decreased by 12% over the previous year. Gross Profit of the Company for the year ended stood at Rs. 34,104.54 Lakhs. Total Expenses of the Company for the year Rs. 2,25,184.54 Lakhs. During the year under review the Net Profit of Rs. 26,631.28 Lakhs before tax (2015-2016: Rs. 32,818.14 Lakhs) the profit has also decreased by19% over the same period last year. Net Profit after Tax for the year was Rs. 19,060.41 Lakhs as compared at Rs. 22,012.38 Lakhs in the previous year. The Earnings per share (EPS) of the Company (Face value Rs. 10/- per share) for the year stood at Rs. 170.26.
The Board of Directors of the Company has recommended a dividend of Rs. 35/- per equity share of Rs. 10/- each (@350%) on the equity share capital of Rs. 10,95,55,040/- for the year ended on 31st March 2017.
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