Balmer Lawrie & Co. Ltd., a Miniratna I diversified PSE under the Ministry of Petroleum and Natural Gas, GOI with presence in manufacturing and services sectors, has announced results for the quarter and year ended 31st March 2023. The results were approved by the Board in its Meeting held on 25th May 2023.
The total income for the fourth quarter of FY 2022-23 increased by 7.62% and stood at Rs 653.58 crores as compared to the same period last year. While the Profit Before Tax (PBT) for the quarter ended 31st March 2023 is Rs 84.65 crores, the net profit (PAT) for the quarter is Rs 58.84 crores.
The net income of the Company for the year is Rs 2383.09 crores registering a growth of 13.22% on the levels achieved in 2021-22. The PBT for the year ended 31st March 2023 increased by 24.19% to Rs 211.30 crores, the PAT increased by 25.29% and stood at Rs 153.86 crores.
The Board of Directors has recommended a dividend of 75% for the FY 2022-23 as against 65% dividend paid for the FY 2021-22.
