Press Release Details
Balmer Lawrie announces FY 2021-22 results 27 May 2022
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 2022. The results were approved by the Board in its Meeting held on 27th May 2022.
The total income for the fourth quarter of the FY 2021-22 increased by 15% and stood at Rs 607.32 crores as compared to the same period last year. While the Profit Before Tax (PBT) for the quarter ended 31st March 2022 is Rs 84.31 crores, the net profit (PAT) for the quarter is Rs 57.68 crores.
The net income of the Company for the year is Rs 2104.85 crores registering a growth of 32% on the levels achieved in 2020-21. The PBT for the year ended 31st March 2022 increased by 8.61% to Rs 170.14 crores, the PAT increased by 5.46% and stood at Rs 122.81 crores. The performance of the Travel and Vacations verticals continue to be affected by the COVID-19 pandemic in this financial year as well.
The Board of Directors has recommended a dividend of 65% for the FY 2021-22 as against 60% dividend paid for the FY 2020-21.