LG Balakrishnan & Bros: Pillion Riding the Two-wheeler Boom
Moneylife Digital Team 12 May 2018
LG Balakrishnan (LGB) is an automobile components producer based in south India, manufacturing various transmission components like chains, sprockets, tensioners, belts, brake-shoes, etc, used mainly in the transmission and engines of automobiles. For the quarter ending March 2018, revenue was up by 11.7% year-on-year (y-o-y), operating profit shot up 19.5% y-o-y and net profit was up only 4%...
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