Founded by two Scotsmen, Stephen George Balmer and Alexander Lawrie, in Kolkata, Balmer Lawrie & Co. Ltd. started its corporate journey as a Partnership Firm on 1st February 1867. Traversing the 157 years gone by, today Balmer Lawrie is a Miniratna - I Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, Govt. of India, with a turnover of Rs. 2383 crores and a profit of Rs. 154 crores.
Balmer Lawrie is a diversified PSE leveraging technology and innovation for manufacturing and providing world class solutions.
Balmer Lawrie adheres to robust corporate governance practices, emphasising on transparency, accountability, and ethical conduct to ensure sustainable business growth and stakeholder trust.
Balmer Lawrie regularly invites tenders for various projects and services, promoting fair competition and transparency in the procurement process.
Balmer Lawrie through regular press releases, events and newsletters, ensures that its stakeholders are well-informed about the company's latest developments and achievements.
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 2024. The results were approved by the Board in its Meeting held on 29 July 2024.
The net total income for the first quarter increased by 7.47% and stood at Rs. 643.62 crores compared to Rs. 598.91 crores for the same period last year. The Profit Before Tax (PBT) saw a jump of 0.68% and rose to Rs. 57.84 crores for the quarter ended 30 June 2024 as compared to Rs. 57.45 crores for the same quarter last year. Correspondingly, the net profit (PAT) during the quarter rose by 3.15% to Rs. 46.79 crores compared to Rs. 45.36 crores for the corresponding period last year.
Mr. Adhip Nath Palchaudhuri has formally taken over as Chairman & Managing Director (C&MD) of Balmer Lawrie & Co. Ltd. with effect from 20th July 2024. He was holding the position of C&MD (Additional Charge) from 1st July 2024. Besides his role as C&MD, he will continue to oversee the Service Businesses.
Friday Nov 15 2024
