Coimbatore, India | January 31, 2025 – L.G. Balakrishnan & Bros Limited (LGB), a leading manufacturer in the transmission and metal forming sectors, has announced its audited financial results for the third quarter (Q3 FY25) and nine months (9M FY25) ended December 31, 2024.
Key Financial Highlights (₹ in Lakhs)
| Particulars | Standalone Q3 FY25 | Standalone 9M FY25 | YoY Change | Consolidated Q3 FY25 | Consolidated 9M FY25 | YoY Change |
|---|---|---|---|---|---|---|
| Revenue from Operations | 62,326.95 | 1,78,495.07 | 8.3% ↑ | 67,669.61 | 1,90,911.38 | 9.8% ↑ |
| Total Income | 63,505.57 | 1,82,496.25 | 8.4% ↑ | 68,859.26 | 1,94,889.53 | 9.7% ↑ |
| Total Expenses | 53,800.06 | 1,54,617.76 | 8.7% ↑ | 58,937.86 | 1,66,999.88 | 10.8% ↑ |
| EBITDA | 11,933.72 | 34,650.27 | 7.8% ↑ | 12,533.56 | 36,568.77 | 8.6% ↑ |
| Profit Before Tax (PBT) | 9,705.51 | 28,923.19 | 6.9% ↑ | 9,921.40 | 28,934.35 | 7.2% ↑ |
| Net Profit (PAT) | 7,311.33 | 21,808.90 | 7.7% ↑ | 7,527.19 | 21,806.38 | 7.1% ↑ |
| Earnings Per Share (EPS) (₹) | 22.92 | 68.38 | 5.8% ↑ | 23.61 | 68.38 | 6.2% ↑ |
Segment-Wise Performance
- Transmission Division: Revenue grew 8.5% YoY to ₹52,842.99 lakh in Q3 FY25 and ₹1,48,325.36 lakh in 9M FY25.
- Metal Forming Division: Revenue increased 9.5% YoY to ₹9,485.96 lakh in Q3 FY25 and ₹30,169.71 lakh in 9M FY25.
Corporate Announcements
- The Board approved the financial results in a meeting held on January 31, 2025, from 2:30 PM to 4:30 PM.
- Unmodified audit opinion was given by Suri & Co., the company’s statutory auditors.
- The company recorded ₹1,044.70 lakh in exceptional gains from profit on sale of land and government subsidies.
Management Commentary
Mr. M. Lakshmi Kanth Joshi, Senior General Manager (Legal) & Company Secretary, stated:"We continue to witness steady growth across our core segments, driven by increased demand in the transmission and metal forming businesses. Our focus remains on operational efficiency and expansion in key markets."
Strategic Outlook
- LGB remains committed to enhancing its product portfolio and expanding market reach.
- The company aims to leverage automation and expand manufacturing capabilities to sustain growth.
- With a strong order book and stable demand, LGB anticipates continued revenue growth in the coming quarters.
Stock Performance & Shareholder Information
- Paid-Up Equity Share Capital: ₹3,189.24 lakh
- Reserves & Surplus: ₹1,31,286.94 lakh
- Earnings Per Share (EPS): ₹68.38 for 9M FY25, a 6.2% YoY growth.