Balmer Lawrie PAT grows 14% in FY12; announces 280% dividend

KOLKATA: State-run Balmer Lawrie and Company today posted 14 per cent rise in profit after tax to Rs 138 crore for the year ended March, 2012, compared to Rs 121 crore in the previous year.

The gross income also increased by 14 per cent to Rs 2,450 crore in 2011-12 from Rs 2,148 crore in the previous year, the company said in a release.

Though the manufacturing businesses showed weaker profitability trends as compared to the previous year, the company overall delivered a good performance riding on the growth and profitability of the logistics businesses, the release said.

"In view of the excellent performance of the company, the board of directors has recommended a dividend of 280 per cent for the FY 2012-13," it said.

The PSU under the Petroleum and Natural Gas Ministry is involved in industrial packaging, lubricants, performance chemicals, logistics infrastructure, tea and refinery.