State-run Balmer Lawrie & Co has reported a 12.69 per cent increase in consolidated net profit for the quarter ended June 30 at Rs 62.93 crore largely on the back of higher revenues.
The company, a Mini Ratna Category – I PSE with diversified business portfolios, had reported a net profit of Rs 55.84 crore in the corresponding quarter last fiscal.
Its revenue for the April-June quarter stood at Rs 638.16 crore as compared to Rs 592.29 crore a year-ago, registering a growth of 7.74 per cent.
In a BSE filing, the company said that Adhip Nath Palchaudhuri has formally taken over as Chairman and Managing Director (C&MD) of Balmer Lawrie & Co. with effect from July 20, 2024. He was holding the position of C&MD (Additional Charge) from July 1, 2024.
“Besides his role as C&MD, he will continue to oversee the service businesses,” it said.
Balmer Lawrie & Co is engaged in the business of industrial packaging, greases & lubricants, leather chemicals, logistic services and infrastructure, refinery and oil field and travel & vacation services in India.
