Balmer Lawrie Q2 net rises 75%

Balmer Lawrie & Co Ltd a Mini Ratna Category–I PSE with diversified business portfolios, has announced the second quarter performance as per the accounts adopted for the quarter ending 30 September 2015. The results were approved by the Board in its Meeting held in Kolkata on Friday. The total income for the second quarter registered a marginal dip of 5.7% quarter on quarter and stood at Rs 657.96 crore as compared to the same period last year. The Profit Before Tax (PBT) saw a substantial gain of 66.11% and rose to Rs 45 crore for the quarter ended 30 September 2015 as compared to Rs 27.09 crore for the same quarter last year. Correspondingly, the net profit (PAT) during the quarter increased by 75.25% to Rs 30.37 crore compared to Rs 17.33 crore for the corresponding period last year. Both the manufacturing and services businesses have sustained the good performance in the second quarter.