Lakshmi Machine Works advanced 1.36% to Rs 3,425.40 at 14:39 IST on BSE after net profit jumped 88.4% to Rs 53.70 crore on 27.5% growth in total income to Rs 679.34 crore in Q4 March 2014 over Q4 March 2013.
The Q4 result was announced after market hours on Friday, 23 May 2014.
Meanwhile, the S&P BSE Sensex was up 39.81 points or 0.16% at 24,733.16
On BSE, so far 6,110 shares were traded in the counter as against average daily volume of 2,348 shares in the past one quarter.
The stock hit a 52-week high of Rs 3,575 in intraday trade today, 26 May 2014. The stock hit low of Rs 3,400 so far during the day. The stock had hit a 52-week low of Rs 1,725.10 on 31 July 2013.
The stock had outperformed the market over the past one month till 23 May 2014, rising 13.65% compared with 7.94% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 27.97% as against Sensex's 19.29% rise.
The mid-cap company has equity capital of Rs 11.27 crore. Face value per share is Rs 10.
On a consolidated basis, Lakshmi Machine Works (LMW)'s net profit surged 45.9% to Rs 189.06 crore on 17% growth in total income to Rs 2448.41 crore in the year ended 31 March 2014 over the year ended 31 March 2013.
Lakshmi Machine Works Board of Directors at its meeting held on Friday, 23 May 2014, recommended a dividend of Rs 30 per share for the year ended 31 March 2014.
Lakshmi Machine Works is a leading textile machinery manufacturer in India and one among the three in the world to produce the entire range of spinning machinery. It caters to the domestic market as well as exports the products to Asian and Oceanic regions.
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