Re-appointment of Internal Auditors
LGBBROSLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
L.G. Balakrishnan & Bros Ltd reported strong FY26 results with standalone revenue of Rs. 2,77,348 Lakhs (up 16% YoY) and consolidated revenue of Rs. 3,07,563 Lakhs (up 19.3% YoY). Net profit grew 5.4% standalone to Rs. 30,634 Lakhs and 5.5% consolidated to Rs. 31,874 Lakhs. The Board recommended a dividend of Rs. 22 per share (220% on face value). An exceptional item of Rs. 1,242.62 Lakhs was recorded due to one-time provision for new Labour Codes. Mr. Suresh Sivalingam, VP Strategic Business Development, resigned effective January 31, 2026. Statutory auditors issued an unmodified opinion with no qualifications.
Revenue growth of ~19% is strong but slightly below 20% threshold; PAT growth of ~5.5% is modest. EBITDA margins appear compressed year-on-year. The resignation of a senior management member and exceptional labour code provision are minor concerns. Dividend payout is generous at 220%.