LG Balakrishnan & Brothers reported their results for the quarter ended March 2011. Their standalone net profit grew by 141% to Rs 15.31 crore, solely on back of tax writeback. The profits fell by 4% to Rs 9.96 crore at PBT level. The topline grew by 21% to Rs. 187.41 crore.
However, high raw material costs and staff costs dented the operating profit margin (OPM) by 150 bps, limiting the growth in operating profit to marginal 6% to Rs. 20.35 crore. On consolidated basis, the topline stood at Rs. 188.64 crore in March 2011 quarter. With OPM of 10.9%, the operating profit stood at Rs. 20.63 crore. The consolidated net profit was Rs. 15.37 crore. B Vijayakumar the managing director of LG Balakrishnan & Bros in an interview on CNBC-TV18 spoke about the latest results declared and how the auto industry was faring. Below is a verbatim transcript of his interview with CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
