Balmer Lawrie Q3 net up 11.47% at Rs 28.38 crore

MUMBAI: Diversified business PSU Balmer Lawrie & Co today posted a growth of 11.47 per cent in net profit for the quarter ended December 31, at Rs 28.38 crore compared to the same period in the previous year due to robust logistic business.

The Mini Ratna company's net profit stood at Rs 25.46 crore in the corresponding quarter last year, the company said in a release issued here.

The net income went up by around 12.53 per cent to Rs 567.88 crore for the third quarter of the financial year 2011-12 from Rs 504.66 crore for the corresponding quarter last year.

Though the manufacturing businesses continue to be sluggish, the growth was led by the logistics business of the company during the third quarter of 2011-12.