Press Release Details
Balmer Lawrie announces FY 2018-19 results 28 May 2019
Balmer Lawrie & Co. Ltd., a Mini Ratna Category – I PSE with diversified business portfolios, has announced results for the quarter and year ended 31st March 2019. The results were approved by the Board in its Meeting held in Kolkata on 28th May, 2019. The Company sustained its performance and posted the highest ever profits in its history.
The total income for the fourth quarter of the FY 2018-19 increased by 0.51% and stood at Rs 518.84 crore as compared to the same period last year. While the Profit Before Tax (PBT) for the quarter ended 31st March 2019 was Rs 124.97 crore, the net profit (PAT) for the quarter was Rs 88.28 crore.
The net income of the Company for the year was Rs 1856.72 crore registering a growth of 3.38% on the levels achieved in 2017-18. While the PBT for the year ended 31st March 2019 increased by 7.27% to Rs 280.10 crore, the PAT increased by 1.99% and stood at Rs 188.50 crore.
All the six Strategic Business Units continued to register profits and the Board of Directors has recommended a dividend of 110% for the FY 2018-19 as against 100% dividend paid for the year 2017-18