Press Release Details
Balmer Lawrie Reports Excellent Results 11 August 2011
Balmer Lawrie Reports Excellent Results
Balmer Lawrie & Co. Ltd., the diversified Mini Ratna Category – I PSE, has reported excellent results for the first quarter of the current fiscal year.
The total income for the first quarter registered a gain of 17% quarter on quarter and rose to Rs. 607crores from Rs.521crores for the same period last year. The Profit before Tax was up by 35% and stood at Rs.64.19crores for the quarter ended 30th June, 2011 as compared to Rs. 47.59crores for the same quarter last year. Correspondingly, the net profit during the quarter increased by 41% to Rs.44.91 crores compared to Rs. 31.82 crores for the corresponding period last year.
All the major businesses have performed better in the first quarter as compared to the corresponding period last year. Industrial Packaging amongst the Manufacturing businesses and Logistics Services amongst the Service businesses have delivered outstanding performances.