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LGB Forge Ltd Q1FY24; 2% rise in Revenue

LGB Forge Limited was incorporated in 2008 and it is involved in manufacturing of forged (range of hot, cold and warm forgings) and machined components. It is a part of the LGB group, which includes L.G. Balakrishnan & Bros Limited.

Financial Results:

LGB Forge Ltd reported Revenues for Q1FY24 of ₹28.55 Crores up from ₹28.03 Crore year on year, a rise of 1.86%.

Total Expenses for Q1FY24 of ₹31.41 Crores up from ₹28.93 Crores year on year, a rise of 8.57%.

Consolidated Net Profit of -₹2.68 Crores from -₹0.75 Crores in the same quarter of the previous year.

The Earnings per Share is -₹0.11, from -₹0.03 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Forging
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