LG Balakrishnan & Bros Reports Strong Q3FY26 Results with 17.8% Revenue Growth

2 min read     Updated on 07 Feb 2026, 06:07 PM
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Reviewed by
Shriram SScanX News Team
Overview

LG Balakrishnan & Bros Limited reported strong Q3FY26 results with standalone revenue growing 17.8% to ₹73,413.57 lakhs and net profit increasing 15.6% to ₹8,451.94 lakhs year-on-year. Nine-month revenue reached ₹2,04,102.05 lakhs, up 14.4% from the previous year. Both transmission and metal forming segments showed robust growth, with the Board approving Dr. Vinay Balaji Naidu's reappointment as Independent Director for another five-year term starting August 2026.

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*this image is generated using AI for illustrative purposes only.

LG Balakrishnan & Bros Limited announced its audited financial results for the quarter and nine months ended December 31, 2025, showcasing strong operational performance across key business segments. The Board of Directors approved these results at their meeting held on February 07, 2026.

Financial Performance Overview

The company delivered impressive growth in Q3FY26 with significant improvements in both revenue and profitability metrics. The transmission and metal forming segments contributed to the overall strong performance during the quarter.

Metric Q3FY26 Q3FY25 Growth (%)
Standalone Revenue ₹73,413.57 lakhs ₹62,328.95 lakhs +17.8%
Net Profit ₹8,451.94 lakhs ₹7,311.33 lakhs +15.6%
Total Income ₹74,988.81 lakhs ₹63,505.57 lakhs +18.1%
Profit Before Tax ₹10,639.30 lakhs ₹9,705.51 lakhs +9.6%

Nine-Month Performance

For the nine months ended December 31, 2025, the company maintained its growth trajectory with consistent performance improvements across all major financial parameters.

Parameter 9M FY26 9M FY25 Change (%)
Revenue from Operations ₹2,04,102.05 lakhs ₹1,78,495.07 lakhs +14.4%
Net Profit ₹23,530.95 lakhs ₹21,808.90 lakhs +7.9%
Total Income ₹2,08,515.53 lakhs ₹1,82,496.25 lakhs +14.3%
Basic EPS ₹73.78 ₹68.38 +7.9%

Segment-wise Performance

The company operates through two primary business segments - Transmission and Metal Forming, both showing positive growth during the quarter.

Transmission Segment

The transmission segment remained the primary revenue driver, contributing ₹62,190.62 lakhs in Q3FY26 compared to ₹52,842.99 lakhs in Q3FY25, representing an 17.7% increase. For the nine-month period, transmission segment revenue reached ₹1,70,346.06 lakhs versus ₹1,48,325.36 lakhs in the previous year.

Metal Forming Segment

The metal forming division generated revenue of ₹11,222.95 lakhs in Q3FY26, up from ₹9,485.96 lakhs in Q3FY25, marking an 18.3% growth. Nine-month revenue for this segment stood at ₹33,755.99 lakhs compared to ₹30,169.71 lakhs in the corresponding period last year.

Consolidated Results

On a consolidated basis, the company reported revenue of ₹81,655.94 lakhs in Q3FY26 versus ₹67,689.61 lakhs in Q3FY25. Consolidated net profit attributable to owners increased to ₹8,843.35 lakhs from ₹7,529.89 lakhs in the previous year quarter.

Board Decisions

The Board of Directors approved the reappointment of Dr. Vinay Balaji Naidu as Non-Executive Independent Director for a second consecutive term of five years commencing August 04, 2026. This appointment is subject to shareholder approval through postal ballot.

Director Details Information
Name Dr. Vinay Balaji Naidu
DIN 09232643
Age 48 years
Profession Practicing Doctor
Term Duration 5 consecutive years
Effective Date August 04, 2026

Exceptional Items Impact

The company reported exceptional items totaling ₹(737.33) lakhs in Q3FY26, primarily due to the statutory impact of new Labour Codes implemented by the Government of India effective November 21, 2025. This resulted in a one-time increase in employee benefit provisions of ₹1,161.61 lakhs, partially offset by subsidy received of ₹424.28 lakhs.

Historical Stock Returns for LG Balakrishnan & Bros

1 Day5 Days1 Month6 Months1 Year5 Years
-0.30%+11.29%+4.06%+49.58%+38.50%+473.96%
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Morgan Stanley Maintains Overweight Rating on LG Balakrishnan & Bros with ₹1,864 Target Price

0 min read     Updated on 11 Dec 2025, 09:11 AM
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Reviewed by
Radhika SScanX News Team
Overview

Morgan Stanley has maintained its Overweight rating on LG Balakrishnan & Bros with a target price of ₹1,864 per share. The rating reflects continued confidence in the auto ancillary company's business fundamentals and growth prospects. This positive stance suggests the brokerage expects the stock to outperform relative to other stocks in their coverage.

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*this image is generated using AI for illustrative purposes only.

LG Balakrishnan & Bros has received a maintained Overweight rating from global brokerage firm Morgan Stanley, with analysts setting a target price of ₹1,864 per share. The rating reflects the brokerage's continued confidence in the auto ancillary company's business prospects.

Brokerage Recommendation Details

Morgan Stanley's decision to maintain its Overweight rating indicates the firm's positive outlook on LG Balakrishnan & Bros' performance potential. The Overweight rating typically suggests that analysts expect the stock to outperform relative to other stocks in their coverage universe.

Parameter: Details
Brokerage: Morgan Stanley
Rating: Overweight (Maintained)
Target Price: ₹1,864
Stock Sector: Auto Ancillaries

Company Profile

LG Balakrishnan & Bros operates in the auto ancillaries sector, which plays a crucial role in India's automotive ecosystem. The company is classified as a Mid Cap stock with significant market presence in its segment.

Investment Implications

The maintained Overweight rating from Morgan Stanley suggests that the brokerage continues to view LG Balakrishnan & Bros favorably despite market conditions. The target price of ₹1,864 provides investors with the analyst's valuation benchmark for the stock's potential performance.

Historical Stock Returns for LG Balakrishnan & Bros

1 Day5 Days1 Month6 Months1 Year5 Years
-0.30%+11.29%+4.06%+49.58%+38.50%+473.96%
like18
dislike

More News on LG Balakrishnan & Bros

1 Year Returns:+38.50%