The outcome of the Board meeting held on May 07 2025
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The Board of LGB Forge approved audited financial results for Q4 and FY ended March 31, 2025 with an Unmodified (clean) auditor opinion from N.R. Doraiswami & Co. Full-year revenue from operations rose modestly to Rs. 9,403.76 lakhs (vs Rs. 8,937.87 lakhs in FY24, ~5% growth), while Q4 standalone revenue jumped to Rs. 2,392.53 lakhs (vs Rs. 1,980.75 lakhs, ~21% YoY growth). The company reported a net loss of Rs. 122.45 lakhs for FY25, sharply narrower than the Rs. 986.74 lakh loss in FY24, aided by a Rs. 215.35 lakh exceptional gain from the sale of the Pondy division. Other equity remains negative at Rs. (553.25) lakhs, though operating cash flow turned strongly positive at Rs. 1,559.50 lakhs. The Board also appointed M/s. P. Eswaramoorthy & Co. as Secretarial Auditors for 5 years and re-appointed Smt. Rajsri Vijayakumar as Managing Director and Sri. A. Sampath Kumar as Whole-Time Director for 3 years each, subject to shareholder approval. AGM is scheduled for August 21, 2025.
Loss-making but significantly improved versus the prior year, with positive operating cash flow and a new Hot Forging Plant (started January 2025) offering a potential growth avenue. Negative net worth remains a concern for shareholders, though the clean audit opinion and narrowed losses are positive signals.