Balmer Lawrie reports 7.51% growth in Q3 net income, PBT up by 12.02%

New Delhi: Balmer Lawrie & Co. Ltd. has announced its financial results for the third quarter ended December 31, 2024. The company reported a 7.51 percent year-on-year increase in total net income, which stood at Rs 634.43 crore, as per the accounts adopted for the quarter. The results were approved by the Board of Directors in a meeting held in Kolkata on February 10, 2025.

PSU Watch is now on Whatsapp Channels. Click here to join

The company’s Profit Before Tax (PBT) for the quarter witnessed a notable rise of 12.02 percent, reaching Rs 74.60 crore, compared to Rs 66.60 crore in the same period last year. Correspondingly, the net profit (PAT) for the quarter grew by 6.66 percent to Rs 54.80 crore, up from Rs 51.38 crore recorded in the corresponding quarter of the previous fiscal year.

For the nine-month period ended December 31, 2024, Balmer Lawrie reported a net income of Rs 1,926.71 crore, reflecting a 7.79 percent growth over Rs 1,787.46 crore in the same period last year. The company’s PBT for the nine-month period stood at Rs 201.01 crore, marginally higher than Rs 200.45 crore reported during the corresponding period of the previous fiscal.

Balmer Lawrie, a diversified PSU engaged in various sectors including logistics, industrial packaging, and lubricants, continues to demonstrate steady financial growth, reinforcing its market position amid evolving economic conditions.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)