Lakshmi Electrical Control Strong Q2 result

Lakshmi Electrical Control Systems gained 2.06% to Rs 368.10 at 11:33 IST on BSE after the company reported 62.90% rise in net profit to Rs 3.16 crore on 109.80% jump in net sales to Rs 38.75 crore in Q4 March 2008 over Q4 March 2007.

The scrip had touched a high of Rs 380.80 and low of Rs 348.15 so far during the day. The stock had hit a 52-week high of Rs 589 on 2 January 2008 and a 52-week low of Rs 241.05 on 22 August 2007.

The small-cap electrical equipment maker has an equity capital of Rs 2.46 crore. Face value per share is Rs 10.

At the current price of Rs 368.10, the scrip trades at a PE multiple of 7.16, based on Q4 March 2008 annualised EPS of Rs 51.38.

Lakshmi Electrical Control Systems’ net profit rose 49% to Rs 11.68 crore on 72.20% rise in net sales to Rs 117.53 crore in the year ended March 2008 (FY 2008) over the year ended March 2007 (FY 2007). The company had unveiled its results after trading hours yesterday, 22 May 2008.

Lakshmi Electrical Control Systems manufactures contactors, thermal overload relays, control relays, electrical control panels and industrial plastic components.