Excellent Performance by Balmer Lawrie, announces 308% dividend

Balmer Lawrie& Co. Ltd., a Mini Ratna Category – I PSE with diversified business portfolios, has announced excellent results for the year ended 31st March, 2013. The results were approved by the Board in its Board Meeting held in Kolkata on 29thMay, 2013.
The gross income increased by 13% to 2762 cr for the year ended 31st March 2013 from 2452 cr in the previous year. The net income hasregistered a growth of 13% to clock   2640 cr as compared to 2339 cr last year. While the Profit before Tax (PBT) has risen by18% to 224 cr from 190 cr last year, the Profit after Tax (PAT) grew by 18% to 163 cr from  138 cr in the previous year.
While the Businesses in Manufacturing sector performed sluggishly due to the depressed economic conditions, the Service Businesses performed exceedingly well,with the Logistics business emerging as the star performer.
The net income for the fourth quarter of the FY 2012-13 grew by 5% to   654 crfrom  623 cr in the corresponding quarter last year with the gross income registering 687 cr. The PBT was 60 cr and the PAT 50 cr for the quarter ended 31st March, 2013.
In view of the excellent performance of the Company, the Board of Directors has recommended a dividend of 308% for the FY 2012-13 on the existing capital base of the Company