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 the third quarter results as per the accounts adopted for the quarter ending 31 December 2023. The results were approved by the Board in its Meeting held in Kolkata on 08 February 2024.
The total net income for the third quarter registered a growth of 14.69% quarter to quarter and stood at Rs. 590.13 crore as compared to the same period last year. The Profit Before Tax (PBT) increased by 79.30% and rose to Rs. 66.60 crore for the quarter ended 31 December 2023 as compared to Rs. 37.14 crore for the same period last year. Correspondingly, the net profit (PAT) during the quarter increased by 87.66% to Rs. 51.38 crore compared to Rs. 27.38 crore for the corresponding period last year.
The net income for the nine-month period ended 31 December 2023 stood at Rs. 1787.46 crore, an increase of 3.35% over Rs.1729.51 crore in the corresponding period last year. PBT for the nine-month period increased and stood at Rs. 200.45 crore as compared to Rs. 126.66 crore in the same period last year.
Friday Nov 15 2024
