|
Results
29-Jan-21
|
|
|
|
|
Analysis
|
|
LG Balakrishnan & Bros
|
OP up 65%
|
|
|
LG Balakrishnan & Bros (LGB) has registered a strong growth of 23% in consolidate sales to Rs 498.28 crore for the quarter ended Dec 2020. Higher sales together with 470 bps expansion in operating profit margin to 18.3%, the operating profit jumped up by 65% to Rs 91.34 crore. The PBT more than doubled (up 119%) to Rs 69.71 crore gained by higher other income lower interest cost and lower depreciation as proportion to sales.With EO income stand lower by 98% to Rs 0.12 crore, the PBT after EO was Rs69.83crore, a growth of 89%. As taxation jump by 77% to Rs 16.09 crore, the PAT was up by 92% to Rs 53.74 crore. With MI being down by 84% to Rs 0.03 crore, the net profit after MI was up by 93% to Rs 53.72 crore.
- Upside in revenue was largely due higher revenue from both transmission and metal forming segment. While transmission business segment register a growth of 24% to Rs 399.43 crore (or 80% of sales) that of metal forming was higher by 15% to Rs 98.85 crore (or 20% of sales).
- The PBIT jumped up by whopping 145% to Rs 75.40 crore with sharp jump in profit of transmission segment and turnaround in metal forming segment to profit. Facilitated by higher sales and 600 bps expansion in segment margin to 16.1%, the segment profit of transmission was up by 98% to Rs 64.34 crore. Similarly driven by higher sales and positive segment margin (against negative 2.1%) the metal forming segment registered a profit of Rs 11.06 crore compared to a loss of Rs 1.78 crore in corresponding previous period.
Nine month performance
Consolidated sales was lower by 6% to Rs 1109.91 crore and with OPM stand expanded by 200 bps to 14.8%, the operating profit was up by 8% to Rs 164.18 crore. However the PBT (before EO) was up by 16% to Rs 97.33 crore after accounting for higher depreciation, lower interest and higher OI. With EO income stand lower by 59% to Rs 5.15crore, the PBT after EO was up by 6% to Rs 102.48 crore. With taxation stand higher by 44% to Rs 27.66 crore, the PAT was down by 3% to Rs 74.82 crore. Eventually the net profit after MI was down by 4% to Rs 75.47 crore.
Segment profit of transmission was up by 34% to Rs 116.53 crore despite 1% fall in sales to Rs 901.49 crore was largely due to higher margin. But the metal forming segment registered a loss of Rs 4.94 crore (against a profit of Rs 6.82 crore in corresponding previous period) with its sales stand lower by sharp 24% to Rs 208.43 crore.
|
|
Previous News |
L G Balakrishnan & Bros consolidated net profit rises 17.66% in the June 2024 quarter
(
Results
-
Announcements
01-Aug-24
07:25
)
|
|
L G Balakrishnan & Bros reports standalone net profit of Rs 29.96 crore in the June 2021 quarter
(
Results
-
Announcements
31-Jul-21
18:09
)
|
|
Board of L G Balakrishnan & Bros approves strategic investment in Greenerg Mobility Solutions
(
Corporate News
-
05-Aug-24
13:10
)
|
|
LG Balakrishnan & Bros to hold board meeting
(
Corporate News
-
16-Sep-24
17:58
)
|
|
LG Balakrishnan & Bros to conduct AGM
(
Corporate News
-
30-Apr-24
17:20
)
|
|
L G Balakrishnan & Bros fixes record date fir interim dividend
(
Market Beat
-
Reports
25-Feb-20
12:58
)
|
|
Board of LG Balakrishnan & Bros recommends Final Dividend
(
Corporate News
-
30-Apr-19
10:28
)
|
|
LG Balakrishnan & Bros announces board meeting date
(
Corporate News
-
29-Dec-21
16:30
)
|
|
LG Balakrishnan & Bros to conduct AGM
(
Corporate News
-
29-Jul-20
14:43
)
|
|
Board of LG Balakrishnan & Bros recommends Interim Dividend
(
Corporate News
-
25-Feb-20
10:28
)
|
|
L G Balakrishnan & Bros gets upgradation in ratings for FDs
(
Corporate News
-
04-Sep-18
17:58
)
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|