Balmer Lawrie Q1 up 33%; appoints CFO

NEW DELHI: Diversified public sector enterprise Balmer Lawrie & Company today reported a 33.17 per cent rise in net profit for the June-end quarter at Rs 33.24 crore, as against Rs 24.96 crore in the corresponding quarter of the previous year.

The net income from operations of the company also rose to Rs 749.14 crore, from Rs 724.83 crore in the year-ago period.

Besides, Balmer Lawrie & Company Ltd appointed Manoj Lakhanpal as the Chief Financial Officer (CFO) of the company.

"Manoj Lakhanpal has been appointed as the CFO of the Company, in place of Prabal Basu, at the Meeting of the Audit Committee and Board of Directors held on August 12, 2015 with immediate effect.

"Prabal Basu, the former CFO has relinquished his position as a CFO on August 12, 2015," Balmer Lawrie said in a BSE filing.