Kolkata – 30th July, 2008
Balmer Lawrie & Co. Ltd., a Mini Ratna Category – I PSE has posted impressive results for the first quarter of the current fiscal year. The unaudited financial results for the three month period ended 30th June, 2008 which was approved at the Board meeting of the company held today, shows growth in both the turnover as well as profits.
The total income for the quarter ended 30th June, 2008 was Rs.433 crore, up by 19% from Rs.363 crore in the same quarter last year. The profit before tax during the quarter was higher by 20% at Rs.36 crore as against Rs.30 crore in the same quarter last year. Similarly the net profit during the quarter also increased by 20% to Rs.24 crore as compared to Rs.20 crore for the corresponding period last year.
Announcing the first quarter results, S K Mukherjee, Managing Director said that ‘In the manufacturing business i.e. the Industrial Packaging and the Greases & Lubricants, the margins were under strain in view of higher prices of steel and base oil, the main raw materials. The service businesses, however, continued to grow and the upward trend is being maintained.’
Balmer Lawrie & Co. Ltd., a Mini Ratna Category – I PSE has posted impressive results for the first quarter of the current fiscal year. The unaudited financial results for the three month period ended 30th June, 2008 which was approved at the Board meeting of the company held today, shows growth in both the turnover as well as profits.
The total income for the quarter ended 30th June, 2008 was Rs.433 crore, up by 19% from Rs.363 crore in the same quarter last year. The profit before tax during the quarter was higher by 20% at Rs.36 crore as against Rs.30 crore in the same quarter last year. Similarly the net profit during the quarter also increased by 20% to Rs.24 crore as compared to Rs.20 crore for the corresponding period last year.
Announcing the first quarter results, S K Mukherjee, Managing Director said that ‘In the manufacturing business i.e. the Industrial Packaging and the Greases & Lubricants, the margins were under strain in view of higher prices of steel and base oil, the main raw materials. The service businesses, however, continued to grow and the upward trend is being maintained.’
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