Re-appointment of Cost Auditor for the Financial year 2026-27
LGBBROSLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
LG Balakrishnan & Bros Ltd reported strong audited financial results for FY2025-26 (year ended March 31, 2026). Standalone revenue grew 16% to Rs. 2,77,348 Lakhs from Rs. 2,39,074 Lakhs, while consolidated revenue rose 19.3% to Rs. 3,07,563 Lakhs. Net profit increased 5.4% standalone to Rs. 30,634 Lakhs and 5.5% consolidated to Rs. 31,874 Lakhs. EPS stands at Rs. 96.05 (standalone). The Board recommended a dividend of Rs. 22 per share (220% on face value). Statutory auditors issued an unmodified (clean) opinion. An exceptional item of Rs. 103.71 Lakhs was recorded due to statutory impact of new Labour Codes (Rs. 1,242.62 Lakhs one-time provision for employee benefits). The Board also re-appointed Dr. G.L. Sankaran as Cost Auditor for FY2026-27 and Sri S. Sivakumar's directorship continuation beyond age 75 was approved (subject to shareholder approval). Mr. Suresh Sivalingam, VP Strategic Business Development, resigned effective January 31, 2026.
Positive signals include strong revenue growth approaching 20%, consistent profit growth, and a clean audit opinion. The dividend payment and good cash flow from operations (Rs. 33,897 Lakhs standalone) are shareholder-friendly. The one-time labour code impact is non-recurring.