LG Balakrishnan says cyberattack hit select IT systems, assures impact contained

LG Balakrishnan & Bros Ltd on Tuesday (September 30) informed the exchanges that select IT systems of the company were hit by a malware attack, but assured that its systems are secure.   

"Immediate action has been taken to contain the impact and secure the system. The relevant authorities have been duly notified. The Company continues to monitor the situation closely while operating business as usual," it said. The update was posted after markets closed. 

First Quarter Results

The company posted a revenue

of ₹486 crore for the quarter ended June 2025, up from ₹436 crore in the year-ago period. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) went down from ₹74 crore to ₹71 crore.

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"In Q2, one of our major markets was the US. We were targeting the US for our industrial chains. That is going to be a little slow, but that will not hamper our overall performance," B Vijayakumar, CMD of LG Balakrishnan & Bros told CNBC-TV18 in August 2025.

He said at the time that the company is targeting 10% to 15% growth for FY26 and even higher based on how the export market stabilises. The company is also looking into other products and markets and exploring operations in Vietnam or Cambodia, he said. 

Shares of LG Balakrishnan & Bros closed on the Bombay Stock Exchange at ₹1375.55 apiece, which is just ₹2.70 above its Tuesday opening.