L G Balakrishnan & Bros Ltd's Q3FY25 Quarterly Results

Result Summary

• L G Balakrishnan & Bros Ltd reported a 2.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 12.5%.
• Its expenses for the quarter were up by 2.5% QoQ and 14.4% YoY.
• The net profit decreased 3.0% QoQ and increased 3.5% YoY.
• The earnings per share (EPS) of L G Balakrishnan & Bros Ltd stood at 23.6 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

L G Balakrishnan & Bros Ltd is a prominent entity in the manufacturing sector, primarily known for its automotive products. The company is a leading supplier of chains, sprockets, and other transmission products, which are critical components in the automotive industry. Its operations are primarily focused on providing high-quality products that cater to a wide range of vehicles, including two-wheelers and four-wheelers. The company's long-standing presence in the industry has been marked by consistent product innovation and adherence to quality standards. As of the latest updates, there have been no major developments or strategic shifts reported in the public domain. However, the company continues to maintain its focus on expanding its market reach and enhancing its product portfolio to meet emerging industry demands.

Revenue

In Q3FY25, L G Balakrishnan & Bros Ltd reported a total income of ₹688.59 crores, marking a 2.0% increase from the previous quarter (Q2FY25), which recorded ₹674.89 crores. Year-over-year, the total income saw a substantial growth of 12.5%, rising from ₹612.15 crores in Q3FY24. This upward trend indicates the company's ability to generate higher revenues over both the quarter-on-quarter and year-over-year periods. The increase in total income can be attributed to factors such as enhanced sales performance, potential market expansion, or increased product demand. The consistent revenue growth over the quarters highlights the company's robust market position and effective revenue-generation strategies.

Profitability

The profitability metrics for L G Balakrishnan & Bros Ltd in Q3FY25 show a profit before tax of ₹99.21 crores, reflecting a slight decline of 3.6% from ₹102.88 crores in Q2FY25. Compared to the same quarter in the previous year (Q3FY24), there is a modest increase of 2.4% from ₹96.87 crores. The company's profit after tax in Q3FY25 was ₹75.27 crores, down by 3.0% from ₹77.58 crores in the previous quarter, but up by 3.5% year-on-year from ₹72.73 crores. Earnings per share stood at ₹23.60, a decrease of 2.9% from the preceding quarter but an increase of 2.2% from the same quarter in the previous year. This data reflects a nuanced performance in profitability, with slight declines on a quarterly basis but improvements on an annual basis.

Operating Metrics

The total expenses for L G Balakrishnan & Bros Ltd in Q3FY25 amounted to ₹589.38 crores, up by 2.5% from ₹575.22 crores in Q2FY25 and a significant increase of 14.4% from ₹515.28 crores in Q3FY24. The tax expense for the quarter was ₹23.94 crores, which is a reduction of 5.4% from the previous quarter and a marginal decrease of 0.8% from the same quarter last year. The increase in total expenses could be indicative of higher operational costs or strategic investments. Taxation trends show a decrease both quarterly and annually, which might reflect adjustments in tax liabilities or changes in taxation policies. The overall operating metrics suggest that while there have been increases in operational costs, the company has managed to maintain a stable tax position.