lakshmi energy & foods ltd (LKEF) Snapshot

Lakshmi Energy and Foods Ltd. announced unaudited standalone and consolidated earnings results for the second quarter and half year ended March 31, 2013. For the quarter on standalone basis, the company reported net sales of INR 4,671.25 million against INR 3,105.87 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 359.73 million against INR 373.89 million a year ago. Profit from ordinary activities before tax was INR 259.87 million against INR 79.44 million a year ago. Net profit for the period was INR 285.86 million against INR 106.15 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 4.52 against INR 1.68 a year ago. For the half year on standalone basis, the company reported net sales of INR 8,360.87 million against INR 5,997.74 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 536.86 million against INR 502.56 million a year ago. Profit from ordinary activities before tax was INR 318.66 million against loss from ordinary activities before tax of INR 116.01 million a year ago. Net profit for the period was INR 43.42 million against net loss for the period of INR 66.59 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 0.69 against basic and diluted loss per share before and after extraordinary items of INR 1.05 a year ago. For the quarter on consolidated basis, the company reported net sales of INR 4,942.49 million against INR 3,170.62 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 361.14 million against INR 347.53 million a year ago. Profit from ordinary activities before tax was INR 261.04 million against INR 59.13 million a year ago. Net profit for the period was INR 286.98 million against INR 85.84 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 4.54 against INR 1.36 a year ago. For the half year on consolidated basis, the company reported net sales of INR 8,649.75 million against INR 6,023.41 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 533.41 million against INR 469.97 million a year ago. Profit from ordinary activities before tax was INR 320.08 million against loss from ordinary activities before tax of INR 137.19 million a year ago. Net profit for the period was INR 44.79 million against net loss for the period of INR 87.77 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 0.71 against basic and diluted loss per share before and after extraordinary items of INR 1.39 a year ago.

Lakshmi Overseas Industries Ltd. announced that the Board of Directors of the company at its meeting held on May 03, 2013, the board declared an interim dividend of INR 0.30 per share (on the face value of INR 2 per share) for the financial year 2012-13.

Lakshmi Energy and Foods Ltd., Board Meeting, May 03, 2013. Agenda: To consider and take on record the un-audited financial results for the quarter ended March 31, 2013; and to consider interim dividend for the quarter ended 31 March 2013.