Press Release Details
Balmer Lawrie, announces 280% dividend 26 May 2012
Balmer Lawrie, announces 280% dividend
Balmer Lawrie & Co. Ltd., a Mini Ratna Category – IPSE with diversified business portfolios, has announced good results for the year ended 31st March, 2012. The results were approved by the Board in its Board Meeting held in Kolkata on 26th May, 2012.
The gross income increased by 14% to 2450 cr for the year ended 31st March 2012 from 2148 cr in the previous year. The net income also registered a growth of 14% to clock 2337 cr as compared to 2050 cr last year. While the Profit before Tax (PBT) saw a modest increase of 5% to 190 cr from 181 cr last year, the Profit after Tax (PAT) grew by 14% to 138 cr from 121 cr in the previous year.
Though, the manufacturing businesses showed weaker profitability trends as compared to the previous year, the Company overall delivered a good performance riding on the growth & profitability of the Logistics businesses.
The net income for the fourth quarter of the FY 2011-12 grew by 20% to 621 cr from 516 cr in the corresponding quarter last year with the gross income registering 651 cr. The PBT was 41 cr and the PAT 26 cr for the quarter ended 31st March, 2012.
In view of the excellent performance of the Company, the Board of Directors has recommended a dividend of 280% for the FY 2011-12.