New Delhi: Balmer Lawrie & Co. Ltd., a Miniratna PSU with diversified business portfolios, has announced its financial results for the fourth quarter (Q4) and year ended March 31, 2022. The results were approved by the board in its meeting held on May 27, 2022.
The total income for the fourth quarter of the FY 2021-22 increased by 15 percent and stood at Rs 607.32 crores as compared to the same period last year. While the Profit Before Tax (PBT) for the quarter ended March 31, 2022, is Rs 84.31 crores, the net profit (PAT) for the quarter is Rs 57.68 crores.
The net income of the company for the year is Rs 2,104.85 crores registering a growth of 32 percent on the levels achieved in 2020-21. The PBT for the year ended March 31, 2022, increased by 8.61 percent to Rs 170.14 crores, the net profit increased by 5.46 percent and stood at Rs 122.81 crores. The performance of the travel and vacation verticals continue to be affected by the COVID-19 pandemic in this financial year as well.
The Board of Directors has recommended a dividend of 65 percent for the FY 2021-22 as against 60 percent dividend paid for the FY 2020-21.
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