Press Release Details
Balmer Lawrie announces first quarter results 28 July 2018
Balmer Lawrie & Co. Ltd., a Mini Ratna Category – I PSE with diversified business portfolios, announced the first quarter results as per the accounts adopted for the quarter ending 30 June 2018. The results were approved by the Board in its Meeting held in New Delhi on 28 July 2018.
The net total income for the first quarter registered a gain of 5.28% quarter on quarter and rose to Rs. 500.52 crores from Rs. 475.43 crores for the same period last year. The Profit Before Tax (PBT) saw a quantum jump of 34% and rose to Rs. 60.12 crores for the quarter ended 30 June 2018 as compared to Rs 45.01 crores for the same quarter last year. Correspondingly, the net profit (PAT) during the quarter rose by 30% to Rs. 38.89 crores compared to Rs. 29.90 crores for the corresponding period last year.
Both the manufacturing and service businesses performed well.