The Board of L G Balakrishnan & Bros at its meeting held on 02 December 2023 has approved to enter into a Business Transfer Agreement (BTA) with LGB Forge Limited (LGBFL) to purchase its Pondicherry Plant, as a going concern, on slump sale basis, for a lump sum consideration of Rs. 15 crore, without values being assigned to individual assets and liabilities, on the terms and conditions more specifically defined in the said agreement.Powered by Capital Market - Live News

Net profit of L G Balakrishnan & Bros rose 12.52% to Rs 75.50 crore in the quarter ended September 2023 as against Rs 67.10 crore during the previous quarter ended September 2022. Sales rose 3.83% to Rs 600.11 crore in the quarter ended September 2023 as against Rs 577.98 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales600.11577.98 4 OPM %17.2817.65 - PBDT113.69105.69 8 PBT95.1985.95 11 NP75.5067.10 13 Powered by Capital Market - Live News

LG Balakrishnan & Bros will hold a meeting of the Board of Directors of the Company on 30 October 2023.Powered by Capital Market - Live News

Net profit of L G Balakrishnan & Bros declined 4.89% to Rs 55.44 crore in the quarter ended June 2023 as against Rs 58.29 crore during the previous quarter ended June 2022. Sales rose 3.39% to Rs 538.61 crore in the quarter ended June 2023 as against Rs 520.94 crore during the previous quarter ended June 2022. ParticularsQuarter Ended�Jun. 2023Jun. 2022% Var. Sales538.61520.94 3 OPM %16.2716.32 - PBDT95.5587.33 9 PBT77.1567.69 14 NP55.4458.29 -5 Powered by Capital Market - Live News

LG Balakrishnan & Bros will hold a meeting of the Board of Directors of the Company on 27 July 2023.Powered by Capital Market - Live News