Lakshmi Machine Works Q2 Results Live : Lakshmi Machine Works declared their Q2 results on 28 October 2024, reporting a significant decline in both revenue and profit. The company’s topline decreased by 41.76% year-over-year, while profit plummeted by 78.75%. This reflects the challenges the company faced in the current market environment.
In contrast, when compared to the previous quarter, Lakshmi Machine Works showed a glimmer of recovery, with revenue growing by 14.27% and profit increasing by an impressive 121.96%. This indicates potential for a turnaround despite the year-over-year decline.
The company’s Selling, General & Administrative expenses rose by 8.97% quarter-over-quarter but saw a decrease of 5.37% year-over-year. This slight reduction may hint at improved cost management efforts despite the increased expenses in the short term.
Operating income also displayed a mixed performance, up by 131.21% quarter-over-quarter but down by 96.34% year-over-year. This sharp year-over-year decline raises concerns about the long-term sustainability of the company’s profitability.
For Q2, the Earnings Per Share (EPS) stood at ₹22.9, marking a substantial decline of 78.75% year-over-year. Investors are likely to scrutinize this metric closely as it reflects the company’s profitability directly impacting shareholder returns.
In terms of stock performance, Lakshmi Machine Works has delivered a 1.41% return in the last week, experienced a -2.17% return over the past six months, but achieved a positive 20.14% Year-To-Date (YTD) return. This mixed performance presents a complicated picture for investors.
Currently, Lakshmi Machine Works boasts a market capitalization of ₹17,633.79 crore, with a 52-week high of ₹19,199.95 and a low of ₹12,722.3. This range indicates volatility in the stock, reflecting investor sentiment amidst fluctuating performance metrics.
As of 30 October 2024, out of two analysts covering the company, one has issued a ‘Strong Sell’ rating while the other has rated it as a ‘Hold’. This divided outlook may signal uncertainty regarding the company’s near-term performance and overall market positioning.
Lakshmi Machine Works Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 768.99 | 672.96 | +14.27% | 1320.42 | -41.76% |
| Selling/ General/ Admin Expenses Total | 101.94 | 93.55 | +8.97% | 107.73 | -5.37% |
| Depreciation/ Amortization | 28.14 | 26.41 | +6.55% | 23.64 | +19.04% |
| Total Operating Expense | 764.88 | 686.13 | +11.48% | 1208.1 | -36.69% |
| Operating Income | 4.11 | -13.17 | +131.21% | 112.32 | -96.34% |
| Net Income Before Taxes | 33.8 | 16.25 | +108% | 147.38 | -77.07% |
| Net Income | 24.46 | 11.02 | +121.96% | 115.11 | -78.75% |
| Diluted Normalized EPS | 22.9 | 10.31 | +122.11% | 107.75 | -78.75% |
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