Press Release Details
Balmer Lawrie announces FY 2017-18 results 29 May 2018Balmer Lawrie & Co. Ltd., a Mini Ratna Category – I PSE with diversified business portfolios, has announced results for the quarter and year ended 31st March 2018. The results were approved by the Board in its Meeting held in New Delhi on 29th May, 2018. The Company had yet another year of excellent performance and posted the highest ever profits in its history.
The total income for the fourth quarter of the FY 2017-18 decreased by 3.34% and stood at Rs517.31 crores as compared to the same period last year. While the Profit Before Tax (PBT) for the quarter ended 31st March 2018 was Rs 116.22 crores, the net profit (PAT) for the quarter was Rs 87.95 crores.
The gross income of the Company stood at Rs1830.14 crores for the year ended 31st March 2018. The net income clocked was Rs 1797.10 crores registering a growth of 1% in net turnover on the levels achieved in 2016-17. While the PBT for the year ended 31st March 2018 increased by 2.76% to Rs261.12 crores, the PAT increased by 8.45% and stood at Rs184.82 crores.
All the six Strategic Business Units continued to register profits and the Board of Directors has recommended a dividend of 100% for the FY 2017-18 as against 70% dividend paid for the year2016-17.