Balmer Lawrie sustains growth momentum

KOLKATA: The Board of Balmer Lawrie & Co Ltd, Mini Ratna Category-1 CPSE with diversified business portfolios, has reported a good third quarter result as per the accounts adopted for the quarter ending 31st December 2012, at its Board Meeting held in Kolkata on 08 February 2013.

The net income has gone up by around 16% to Rs 646 crores for the third quarter of the financial year 2012-13 from Rs 558 crores for the corresponding quarter last year. The Profit Before Tax (PBT), was up by 12% and stood at Rs. 47 crores for the quarter ended 31st December 2012 as compared to Rs. 42 crores for the same quarter last year.

Correspondingly, the net profit (PAT) during the quarter increased by 14% to Rs 32 crores compared to Rs 28 crores for the corresponding period last year. The net income for nine months ending 31st December 2012 is Rs 1946 crores and the net profit is Rs 113crores.