Press Release Details
Balmer Lawrie announces third quarter results 10 February 2016Balmer 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 2015. The results were approved by the Board in its Meeting held in Kolkata on 10 February 2016.
The total income for the third quarter registered a decline of 9.8% quarter on quarter and stood at Rs. 663.68 crores as compared to the same period last year. The Profit Before Tax (PBT) saw a gain of 1% and rose to Rs. 51.24 crores for the quarter ended 31 December 2015 as compared to Rs 50.73 crores for the same quarter last year. Correspondingly, the net profit (PAT) during the quarter decreased by 8.9% to Rs. 33 crores compared to Rs. 36.24 crores for the corresponding period last year.
The net income for the nine-month period ended 31 December 2015 stood at Rs. 2050.04crores, a decrease of 3.59% over Rs. 2126.42crores in the corresponding period last year. PBT for the nine-month period increased by 27.50% to Rs. 148.21crores as compared to Rs. 116.24crores in the same period last year.