Balmer Lawrie announces FY 2022-23 results

Published by News Desk May 26, 2023


Kolkata, 26th May 2023: Balmer Lawrie & Co. Ltd., a Miniratna I diversified PSE under the Ministry of Petroleum and Natural Gas, GOI with presence in manufacturing and services sectors, has announced results for the quarter and year ended 31st March 2023. The results were approved by the Board in its Meeting held on 25th May 2023.

The total income for the fourth quarter of FY 2022-23 increased by 7.62% and stood at Rs 653.58 crores as compared to the same period last year. While the Profit Before Tax (PBT)for the quarter ended 31st March 2023is Rs 84.65 crores, the net profit (PAT) for the quarter is Rs 58.84crores.

The net income of the Company for the year is Rs2383.09croresregistering a growth of 13.22% on the levels achieved in 2021-22. The PBT for the year ended 31st March 2023increased by 24.19% toRs211.30crores, the PAT increased by 25.29% and stood atRs153.86crores.

The Board of Directors has recommended a dividend of 75% for the FY 2022-23 as against 65% dividend paid for the FY2021-22.

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