Lakshmi Machines Works - Research Report

[manishifim]

LMW reported Q4FY10 profits below estimates due to increased raw material
consumption on unfavorable product mix (higher ring frames). Net sales grew by
93.8% YoY to Rs3,625mn (v/s our estimate of Rs3,778mn) led by improved order
deliveries. Revenue on QoQ basis is up 7.8%. EBIDTA increased by 1360% YoY to Rs563mn, (below our estimate of Rs773mn) mainly due to increase in raw material expenses. Sequentially, the EBIDTA fell by 11.2%...

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Source: Dalal Street investment Journal