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Our Bureau

Coimbatore, Oct. 25

Lakshmi Mills Company Ltd has recorded a net sales income of Rs 37.50 crore during the quarter ended September 30, 2006, compared with Rs 36.36 crore posted during the same period in the previous fiscal. Its net profit for the period stood higher by 34 per cent at Rs 1.84 crore (Rs 1.37 crore).

The profit includes a sum of Rs 1.49 crore being the profit on sale of assets. The company has incurred higher raw material costs at Rs 19.55 crore (Rs 16.98 crore), which as a percentage to sales work out to 52 per cent (46 per cent). It has incurred lower staff and energy costs at Rs 5.98 crore (Rs 6.04 crore) and Rs 6.02 crore (Rs 6.46 crore) respectively during the period under review.

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