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, 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.
Sunday Dec 22 2024
