ALPHA TRIBE

Lokesh Machines LimitedResults, 14-02-2025: Integrated Filing- Financial

14-02-2025 | 05:54 pm

Lokesh Machines Limited has reported its financial results for the quarter and nine months ended December 31, 2024. The company recorded a total income of ₹51.21 crore, a decline from ₹86.85 crore in the same quarter last year. The loss for the period reached ₹4.10 crore, compared to a profit of ₹5.11 crore previously. The drop in revenue was primarily driven by the Machinery Division's underperformance. The company's strategy to address recent sanctions by the U.S. is underway, aiming for recovery and stabilization. This situation may generate a cautious outlook among investors, with potential risks affecting future operations.

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