Lakshmi Automatic Loom Works Reports Flat Q2 Performance, But Shows Consistent Dividend Distribution

Lakshmi Automatic Loom Works, a microcap company in the textile machinery industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Lakshmi Automatic Loom Works has seen a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been an improvement in the company's score, which has increased from -1 to 2 in the last three months.

Despite the flat performance, there are some positive aspects to note from the company's financials. Lakshmi Automatic Loom Works has consistently distributed a high dividend per share (DPS) annually, with the highest being Rs 12.00 in the last five years. This indicates that the company is generating profits and distributing them to its shareholders.

Moreover, the company's dividend payout ratio (DPR) has also been consistently high, with the highest being 34.76% in the last five years. This means that Lakshmi Automatic Loom Works is distributing a higher proportion of its profits as dividends to its shareholders.

While the company's stock has been given a 'Sell' call by MarketsMOJO, investors should keep an eye on Lakshmi Automatic Loom Works and its future financial performance.