Press Release Details
Balmer Lawrie announces first quarter results 10 August 2016
Balmer Lawrie & Co. Ltd., a Mini Ratna Category – I PSE with diversified business portfolios, has announced the first quarter results as per the accounts adopted for the quarter ending 30 June 2016. The results were approved by the Board in its Meeting held in Kolkata on 10 August 2016.
The total income for the first quarter stood at Rs. 461.73 crores. The Profit Before Tax (PBT) saw a gain of 13.47% and rose to Rs. 57.35 crores for the quarter ended 30 June 2016 as compared to Rs 50.54 crores for the same quarter last year. Correspondingly, the net profit (PAT) during the quarter rose by 14.58% to Rs. 37.01 crores compared to Rs. 32.30 crores for the corresponding period last year.
Both the manufacturing and service businesses performed well.