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Mahalakshmi Ashtakam is a capital stotram composed by the head of Devas, Lord Indra to praise Devi Mahalakshmi. This Stotra is present in Padma Purana and contains eight stanzas. The Lyrics explain the providential nature of Goddess Maha-Lakshmi.

The Phalastuti or the benefits of reciting this stotram is distinctly explained in three separate stanza at the end. Reciting this devotional Ashtakam with mean is believed to give more benefits and besides the grace of the Goddess .
Goddess Mahalakshmi

Mahalakshmi Ashtakam With Lyrics and Meaning

Namasthesthu Mahamaye Sripethe Surapoojithe
Sankhachakra Gadahasthe Mahalakshmi Namosthuthe (1)

I bow to you O Mahamaya, the one who resides in Sripetha and is worshipped by Suras ( devas )
The one who holds Shanka ( conch ), Chakra ( disk ) and Gadha ( mace ) in her hands, I bow to her the Goddess Mahalakshmi
Namasthe Garudarudhe Kolasura bhayamkari
Sarvapapahare-devi Mahalakshmi Namosthuthe (2)

I bow to you, who mounts on Garuda, who created great fear and annihilated the demon Kolasura
The Goddess who removes all the sins, O Mahalakshmi I bow to you
Sarvagne Sarva-varade Sarva dushta bhayamkari
Sarvadhukha-hare devi Mahalakshmi Namosthuthe (3)

( Salutations to Devi ) The one who knows everything ( sarvagna ), bestower of all the boons, whose name frightens the arch
The Devi who removes all the miseries and sorrows, O Mahalakshmi I bow to you

Siddhi Buddhi prade devi Bukthi Mukti pradhayini
Mantra-murthe Sadadevi Mahalakshmi Namosthuthe (4)

The donor of siddhi ( success or accomplishment ), buddhi ( intelligence ) and who grants the blase pleasures ( bukthi ) deoxyadenosine monophosphate well as the Liberation ( Mukti )
The one who is constantly an embody form of mantra, Goddess Mahalakshmi I bow to you

Aadyanta rahite devi Aadya-Sakthi Maheshwari
Yogaje Yoga-Sambhuthe Mahalakshmi Namosthuthe (5)

O Devi who is space without beginning or the end, Who represents the aboriginal Energy, Maheshwari
One Who is associated with the yogistic cognition, who is born from the yoga, I bow to you Goddess Mahalakshmi
Sthula Sukshma Maharoudre Mahashakthi Mahodare
Mahapapa-hare devi MahaLakshmi Namosthuthe (6)

The one who is present in gross, insidious angstrom well as awful forms, the omaha shakti, who saves the universe by keeping in her bang-up uterus.
O Devi the remover of the great sins, I bow to you Goddess Mahalakshmi
Padmasana-sthithe devi prabrahma-swaroopini
Paramesi jaganmatah Mahalakshmi Namosthuthe (7)

The Devi who is seated on a lotus in the Padmasana status, Whose mannequin represents the supreme being
O Paramesi ( who is supreme ), Jaganmata ( the beget of the Universe ), Mahalakshmi, I bow to you

Swethambara-dhare devi Nanalankara bhushitae
Jagatsthithe jaganmatah Mahalakshmi Namosthuthe (8)

The one who wears white clothing, Who is adorned with jewels and assorted ornaments
Who preserves and protects the worlds, the mother of the population, Goddess Mahalakshmi, I bow to you

Phalastuti or the Lines of Benefits of this Stotram

Mahalakshmashtakam stotram yahpated bakthimaan-narah
Sarva siddhi mavapnothi rajyam prapnothi sarvada

The one who recites this Mahalakshmi Ashtakam stotram with devotion
Will attain all the siddhi ’ second ( accomplishments ) and senior high school condition always
Ekakale pathenitthyam mahapapa vinasanam
Dwikalam yah pathenitthyam dhana dhaanya samanvitaha

By reciting this stotra once daily ( normally mornings ) will destroys all the great sins
Reciting it twice daily ( normally morning and evening ) will grant you wealth and grains
Trikalam yah pathenithyam mahasathru vinasanam
Mahalakshmirbhavena Nithyam Prasanna varada subha

Reciting this stotram thrice casual ( dawn, good afternoon, and evening ) in three kalas will get benefitted by destroying all the hostility and hatred.
besides, the Goddess Mahalakshmi will be pleased and gives them all the boons and beneficial fortune.

Inthyakruta Sri Mahalakhmashtakam Stotram Sampoornam
frankincense ends the arrant Mahalakshmi Ashtakam Stotram composed by Lord Indra .