India’s fast growing automotive high-tensile fastener manufacturer, Lakshmi Precision Screws Ltd. (LPS), today announced a 12% rise in Net Profit for FY 2007-08, which rose to Rs. 7.72 crores from Rs. 6.92 crores in the previous year.

Highlights of FY 2007-08 v/s FY 2006-07
* Revenue touched a level of Rs. 210.68 crores in FY 2007-08 against Rs. 195.86 crores in FY 2006-07.
* Operating Profit increased by 20% to Rs. 27.98 crores in FY 2007-08 against Rs. 23.35 crores in the previous year.
* Net Profit after Tax for FY 2007-08 stood at Rs 7.72 crores, up by 12% against Rs 6.92 crores in the previous year.
* The company achieved an EPS of Rs. 7.06 in FY 2007-08 against Rs. 6.76 per share against the previous year.

“We have had a good year where strong cost control measures led to the better margins. We expect to have a healthier performance going forward on the back of these measures and improved top line as a result of new business initiatives which are being planned”, said Mr. Lalit Kumar Jain, Chairman and Managing Director, LPS, here today.

LPS’ business faced several challenges during the year. Slowdown in some segments of the Indian vehicle sector and rising input costs impacted the company. Despite an increase in the number of shares of the company by 9,00,000, LPS has been able to achieve an EPS of Rs. 7.06 against Rs. 6.76 per share in the previous year.

Tags: calls, daytrading, free calls, intraday, tips

Similar Posts:

• Reliance Capital’s net profit of Rs 135cr, increase of 86%
• BASF’s sales at Rs 10305.5mn, increase of 18%
• DCB posts net profit of Rs 38.33cr
• Quintegra’s posts net profit up by 20.40% at Rs 2.18cr
• Vikas WSP posts net profit of Rs 50cr in FY08