Quarterly Result31 Jul 2025, 05:52 pm
LG Balakrishnan & Bros Ltd. Announces Q1 2025 Financial Results, Approves New Manufacturing Facility in Mexico
AI Summary
LG Balakrishnan & Bros Ltd. has announced its financial results for the quarter ended 30th June 2025. The company reported a net profit of INR 6,679.88 lakhs. The Board of Directors also approved the setting up of a new manufacturing facility in Mexico for manufacturing transmission products and accessories for auto and industrial applications. The project is estimated to cost 10 million USD and will be funded by internal accruals. The new facility is expected to lead to new customer acquisitions and an increase in business volume. The company also announced plans to explore setting up manufacturing plants in Vietnam and Thailand.
Key Highlights
- LG Balakrishnan & Bros Ltd. reported a net profit of INR 6,679.88 lakhs for Q1 2025.
- The company approved the setting up of a new manufacturing facility in Mexico.
- The new facility will manufacture transmission products and accessories for auto and industrial applications.
- The project is estimated to cost 10 million USD and will be funded by internal accruals.
- The company also plans to explore setting up manufacturing plants in Vietnam and Thailand.