LG Balakrishnan rolls high

about 11 days ago
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LG Balakrishnan Bros is among the top five gainers on the BSE since the opening bell today morning. The stock, which had closed yesterday at Rs.352.50, went on to hit a new 52-week high at Rs.412. It has come off this high and is now trading at Rs.393 levels. Volumes are up over 6 times.

For Q4FY21, the company, on a 41% (YoY) jump in revenue from operations at Rs.499 crore, net profit came in at Rs.58 crore, up almost 4 times.

It is transmission segment which did the best – revenue was up 46%, contributing 80% to total income. EBIT was up 58%. Metal forming segment revenue rose 21% and EBIT was up almost 3.5 times.

 The company has declared a dividend of Rs.10 per share for the year.

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