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 Mini Ratna Category – I PSE with diversified business portfolios, has announced results for the quarter and year ended 31st March 2022. The results were approved by the Board in its Meeting held on 27th May 2022.
The total income for the fourth quarter of the FY 2021-22 increased by 15% and stood at Rs 607.32 crores as compared to the same period last year. While the Profit Before Tax (PBT) for the quarter ended 31st March 2022 is Rs 84.31 crores, the net profit (PAT) for the quarter is Rs 57.68 crores.
The net income of the Company for the year is Rs 2104.85 crores registering a growth of 32% on the levels achieved in 2020-21. The PBT for the year ended 31st March 2022 increased by 8.61% to Rs 170.14 crores, the PAT increased by 5.46% and stood at Rs 122.81 crores. The performance of the Travel and Vacations verticals continue to be affected by the COVID-19 pandemic in this financial year as well.
The Board of Directors has recommended a dividend of 65% for the FY 2021-22 as against 60% dividend paid for the FY 2020-21.
Thursday Nov 14 2024
