Balmer Lawrie Reports 7.47% Income Growth for Q1 FY25

Balmer Lawrie & Co. Ltd, a Mini Ratna Category – I Public Sector Enterprise (PSE) with a diverse range of business portfolios, announced its financial results for the quarter ending June 30, 2024. The results received approval from the Board in its meeting held on July 29, 2024.

For the first quarter of FY25, Balmer Lawrie reported a net total income of ₹643.62 crores, marking a 7.47% increase compared to ₹598.91 crores in the same period last year. This significant rise in income reflects the company’s strong performance across its diversified business segments.

The Profit Before Tax (PBT) for the quarter also saw an uptick, albeit modest, with an increase of 0.68%. The PBT stood at ₹57.84 crores for the quarter ended June 30, 2024, up from ₹57.45 crores in the same quarter of the previous year. This growth, while small, indicates steady profitability and efficient cost management within the company.

Correspondingly, the net profit, or Profit After Tax (PAT), experienced a more notable rise. The PAT for the quarter was ₹46.79 crores, reflecting a 3.15% increase from ₹45.36 crores in the same period last year. This improvement in net profit underscores Balmer Lawrie’s effective strategies for maintaining profitability despite market challenges.

Overall, the first quarter results demonstrate Balmer Lawrie’s robust financial health and its ability to achieve consistent growth. The company’s diversified portfolio and strategic initiatives continue to drive its performance, ensuring a positive outlook for the future. The Board’s approval of these results reaffirms confidence in the company’s ongoing operations and strategic direction.

Earlier this year, in May 2024, the company’s board approved the proposal for providing an unsecured loan to Visakhapatnam Port Logistics Park Limited, a subsidiary of Balmer Lawrie & Co. Ltd. The total amount of loan granted was ₹2.12 crore. With this, the total amount outstanding will be ₹10.36 crore.

About Balmer Lawrie & Co. Ltd

Balmer Lawrie & Company Ltd operates in various sectors, including Industrial Packaging, Greases & Lubricants, Leather Chemicals, Logistic Services, Infrastructure, Refinery & Oil Fields, and Travel & Vacation Services in India. It has been a central public-sector enterprise under the Ministry of Petroleum and Natural Gas, Government of India, since 1972.

On July 30, 2024, the share price of Balmer Lawrie & Company Ltd opened at ₹287.90, touching the day’s low at ₹283.90, as of 9:32 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.