Lakshmi Automatic Loom Works Reports Mixed Financial Results for Q1 FY25
Lakshmi Automatic Loom Works, a microcap company in the textile machinery industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Lakshmi Automatic Loom Works has shown a flat performance in the quarter, with a slight improvement in its score from -3 to -2 in the last three months. However, there are some positive and negative aspects to the company’s financials.
On the positive side, the company has shown a high Debtors Turnover Ratio of 10.96 times in the last five half-yearly periods. This indicates that Lakshmi Automatic Loom Works has been able to settle its debtors at a faster rate.
On the other hand, the company’s Earnings per Share (EPS) for the quarter were at a low of Rs 4.33, the lowest in the last five quarters. This shows a decline in profitability and lower earnings for shareholders.
Despite the mixed financial performance, MarketsMOJO has given a ‘Hold’ call for Lakshmi Automatic Loom Works’ stock. Investors should carefully consider these financials before making any investment decisions.
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