LG Balakrishnan & Bros Limited has informed the Exchange regarding the Outcome of the Board meeting held on July 31, 2025.
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The Board of LG Balakrishnan & Bros Limited approved audited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), with the statutory auditors expressing an unmodified opinion. Standalone revenue from operations grew about 10% year-on-year to Rs. 59,246 lakhs, while consolidated revenue rose roughly 15% to Rs. 65,705 lakhs. Net profit was nearly flat at Rs. 6,680 lakhs standalone and Rs. 6,697 lakhs consolidated, compared to Rs. 6,727 lakhs and Rs. 6,521 lakhs respectively in Q1 FY25. The company reported an exceptional item of Rs. 838 lakhs, representing subsidy received. The Board also approved setting up a new manufacturing facility in Mexico for transmission products with an initial investment of USD 10 million funded through internal accruals, and authorised management to explore similar plants in Vietnam or Thailand.
The Mexico expansion and Southeast Asia exploration mark a significant international growth push, which could support long-term revenue growth and customer diversification. However, flat profit growth despite revenue expansion indicates margin pressure, which investors should monitor closely in coming quarters.