Press Release Details

Balmer Lawrie announces third quarter results 08 February 2024

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.