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, has announced results for the quarter and year ended 31st March 2018. The results were approved by the Board in its Meeting held in New Delhi on 29th May, 2018. The Company had yet another year of excellent performance and posted the highest ever profits in its history. The total income for the fourth quarter of the FY 2017-18 decreased by 3.34% and stood at Rs517.31 crores as compared to the same period last year. While the Profit Before Tax (PBT) for the quarter ended 31st March 2018 was Rs 116.22 crores, the net profit (PAT) for the quarter was Rs 87.95 crores. The gross income of the Company stood at Rs1830.14 crores for the year ended 31st March 2018. The net income clocked was Rs 1797.10 crores registering a growth of 1% in net turnover on the levels achieved in 2016-17. While the PBT for the year ended 31st March 2018 increased by 2.76% to Rs261.12 crores, the PAT increased by 8.45% and stood at Rs184.82 crores. All the six Strategic Business Units continued to register profits and the Board of Directors has recommended a dividend of 100% for the FY 2017-18 as against 70% dividend paid for the year2016-17.
Friday Nov 15 2024
