Lakshmi Mills Q4 net at Rs 8.44 cr

Total income from operations rise to Rs 47 crore from Rs 29 crore in the year-ago period

Textile manufacturer Lakshmi Mills Company Ltd reported a net profit of Rs 8.44 crore for the fourth quarter ended March 31, 2013.

The Coimbatore-based company had reported a net loss at Rs 5.95 crore during the same period of previous year, the company said in a BSE filing.

For the financial year ended March 31, 2013, the net profit of the company stood at Rs 11.04 crore as against Rs 13.17 crore during the same period of previous year.

Total income from operations for the fourth quarter rose to Rs 46.74 crore.

For the financial year ended March 31, 2013, the total income from operations grew to Rs 163.89 crore from Rs 149.42 crore registered during the same period of previous year.

The board, at its meeting held today has recommended a dividend of Rs 12 per equity share of Rs 100 each for the year ended March 31, 2013, it said.

Shares of the company were trading at Rs 1,345.05 apiece, up by 5% over the previous close in afternoon trade at BSE.