Founded by two Scotsmen, Stephen George Balmer and Alexander Lawrie, in Kolkata, Balmer Lawrie & Co. Ltd. started its corporate journey as a Partnership Firm on 1st February 1867. Traversing the 157 years gone by, today Balmer Lawrie is a Miniratna - I Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, Govt. of India, with a turnover of Rs. 2383 crores and a profit of Rs. 154 crores.
Balmer Lawrie is a diversified PSE leveraging technology and innovation for manufacturing and providing world class solutions.
Balmer Lawrie adheres to robust corporate governance practices, emphasising on transparency, accountability, and ethical conduct to ensure sustainable business growth and stakeholder trust.
Balmer Lawrie regularly invites tenders for various projects and services, promoting fair competition and transparency in the procurement process.
Balmer Lawrie through regular press releases, events and newsletters, ensures that its stakeholders are well-informed about the company's latest developments and achievements.
Balmer Lawrie & Co. Ltd., a Miniratna I PSE with diversified business portfolios, has announced the second quarter results ending 30 September 2023 as per the accounts adopted. The results were approved by the Board of Directors in its Meeting held at Kolkata on 07 November 2023.
The total income for the second quarter stood at Rs. 598.42 crores as compared to Rs. 598.90 crores in the previous quarter. The Profit Before Tax (PBT) for the quarter ending 30 September 2023 stood at Rs. 76.41 crores as against Rs. 57.45 crores for the previous quarter ending 30 June 2023. The Net Profit After Tax (PAT) during the quarter clocked at Rs. 55.38 crores as compared to Rs. 45.36 crores in the previous quarter.
The total income, Profit Before Tax (PBT) & Net Profit After Tax (PAT) for the six months period ended 30 September 2023 stood at Rs. 1197.33 crores, Rs. 133.86 crores and Rs. 100.74 crores respectively whereas the numbers for the corresponding period of previous year were Rs. 1214.96 crores, Rs. 89.52 crores and Rs. 67.65 crores respectively.
Sunday Dec 22 2024
