Q3FY23: Balmer Lawrie announces third quarter results

New Delhi: Balmer Lawrie & Co. Ltd., a Miniratna Category, PSE with diversified business portfolios, has announced the third quarter results as per the accounts adopted for the quarter ending December 31, 2022. The results were approved by the board in its Meeting held at Kolkata on February 10, 2023.

The total net income for the third quarter registered a growth of 1.45 percent quarter to quarter and stood at Rs 514.55 crore as compared to the same period last year. The Profit Before Tax (PBT) increased by 48.32 percent and rose to Rs. 37.14 crore for the quarter ended 31 December 2022 as compared to Rs. 25.04 crore for the same period last year. Correspondingly, the net profit (PAT) during the quarter increased by 38.98 percent to Rs 27.38 crore compared to Rs. 19.70 crore for the corresponding period last year.

The net income for the nine-month period ended 31 December 2022 stood at Rs 1729.51 crore, an increase of 15.49 percent over Rs 1497.52 crore in the corresponding period last year. PBT for the nine-month period increased and stood at Rs. 126.66 crore as compared to Rs. 85.83 crore in the same period last year.

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