L.G. Balakrishnan & Bros Limited Reports Audited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 30, 2018 at 08:35 am
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L.G. Balakrishnan & Bros Limited reported audited standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported revenue from operations (including excise duty) of INR 3,334.608 million compared to 3,112.762 a year ago. Total revenue was INR 3,349.212 million compared to INR 3,119.128 million a year ago. Profit before exceptional and extraordinary items and tax was INR 343.667 compared to INR 182.449 a year ago. Profit before tax was INR 343.667 million compared to INR 189.764 a year ago. Net Profit for the period was INR 224.716 million compared to INR 1,274.13 a year ago. Earnings per equity share basic and diluted was INR 14.32 compared to 8.12 a year ago.
For the nine months, the company reported revenue from operations (including excise duty) of INR 9,960.58 million compared to 9,376.305 a year ago. Total revenue was INR 9,987.413 million compared to INR 9,402.171 million a year ago. Profit before exceptional and extraordinary items and tax was INR 869.389 compared to INR 632.469 a year ago. Profit before tax was INR 869.389 million compared to INR 639.784 a year ago. Net Profit for the period was INR 569.337 million compared to INR 441.926 a year ago. Earnings per equity share basic and diluted was INR 36.27 compared to 28.15 a year ago.
L.G. Balakrishnan & Bros Limited is an India-based manufacturer of chains, sprockets and metal formed parts for automotive applications. The Company operates through two segments: Transmission, and Metal Forming. Its transmission segmentâs products include chains, sprockets, tensioners, belts and brake shoes. Its metal forming segmentâs products consists of fine blanking for precision sheet metal parts, machined components, and wire drawing products for internal use, as well as for other chain manufacturing plants, spring steel suppliers and umbrella manufacturers. Its product portfolio includes Automotive Chains, Sprockets, Chain Tensioners, Fine Blanking, Precision Machining, Automotive Belts, Scooter Parts, and Rubber Products. Its products are marketed under the brand Rolon. The Company has manufacturing units across Tamil Nadu, Pondicherry, Maharashtra, Uttarakhand, Karnataka, Haryana, and Rajasthan. Its subsidiaries include LGB- USA INC., GFM Acquisition LLC and GFM LLC.