Balmer Lawrie announces impressive FY19 results

Kolkata: Balmer Lawrie & Co Ltd, a Mini Ratna Category – I PSE with diversified business portfolios, has announced results for the quarter and year ended March 31, 2019. The results were approved by the Board in its Meeting held in Kolkata on May 28, 2019. The Company sustained its performance and posted the highest ever profits in its history.

The total income for the fourth quarter of the FY 2018-19 increased by 0.51 per cent and stood at Rs 518.84 crore as compared to the same period last year. While the Profit Before Tax (PBT) for the quarter ended March 31, 2019 was Rs 124.97 crore, the net profit (PAT) for the quarter was Rs 88.28 crore.

The net income of the Company for the year was Rs 1856.72 crore registering a growth of 3.38 per cent on the levels achieved in 2017-18. While the PBT for the year ended March 31, 2019 increased by 7.27 per cent to Rs 280.10 crore, the PAT increased by 1.99 per cent and stood at Rs 188.50 crore.

All the six Strategic Business Units continued to register profits and the Board of Directors has recommended a dividend of 110 per cent for the FY 2018-19 as against 100 per cent dividend paid for the year 2017-18.