LG Balakrishnan & Bros Limited has submitted to the Exchange, the revised financial results due to Typographical Error in the Exceptional item for the period ended March 31, 2026.
LGBBROSLTD · price
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LG Balakrishnan & Bros Limited submitted revised financial results for quarter/year ended March 31, 2026, correcting a typographical error in the PDF version of the exceptional item. The corrected exceptional items comprise subsidy received of Rs. 184.72 Lakhs (quarter) and Rs. 1,502.86 Lakhs (year), offset by statutory impact of New Labour Codes of Rs. 81.01 Lakhs (quarter) and Rs. 1,242.62 Lakhs (year), resulting in net exceptional items of Rs. 103.71 Lakhs and Rs. 260.24 Lakhs respectively. The New Labour Codes amendment by Government of India resulted in a one-time increase in employee benefit provisions of Rs. 1,242.62 Lakhs, classified under exceptional items. Standalone revenue grew to Rs. 2,77,348.40 Lakhs (up ~16% YoY) with net profit of Rs. 30,634.24 Lakhs. Consolidated revenue stood at Rs. 3,07,562.62 Lakhs with net profit of Rs. 31,874.29 Lakhs. Board proposed dividend of Rs. 22 per share. Auditors issued unmodified opinion.
The typographical error correction is administrative and does not impact the actual financial performance. The company apologized for the error and assured preventive measures. The stock may see minor reaction due to filing delay but fundamentals remain unchanged.