Balmer Lawrie posts 14 percent growth in profit after tax to Rs 138 crore in 2012

PRLog (Press Release) - May 27, 2012 - State-run Balmer Lawrie and Company Limited today logged 14 percent increae in profit after tax to Rs 138 crore for the year ended March, 2012 in contrast to Rs 121 crore in the year ago period, PTI reported. Balmer Lawrie has eight Strategic Business Units – industrial packaging, greases and lubricants, performance chemicals, tours and travel, logistics infrastructure, logistics services, tea and refinery and oilfield Services, with offices spread across the country and abroad. Today, Balmer Lawrie is a Mini-Ratna I Public Sector Enterprise, under the Ministry of Petroleum & Natural Gas, with a turnover exceeding Rs 2100 crore and a profit in excess of Rs 180 crore. Along with its five Joint Ventures in India and abroad, it is a much-respected transnational diversified conglomerate with presence in both manufacturing and service sectors. Balmer Lawrie is a market leader in Steel Barrels, Industrial Greases and Specialty Lubricants, Corporate Travel and Logistics Services. It also has significant presence in most other businesses, it operates, viz, Performance Chemicals, Logistics Infrastructure etc. In its 145 years of existence, Balmer Lawrie has been successfully responding to the demands of an ever changing environment, leveraging every change as an opportunity to innovate and emerge a leader in industry

The gross income also rose by 14 percent to Rs 2,450 crore in 2011-12 from Rs 2,148 crore in the previous year.

Though the manufacturing businesses showed weaker profitability trends as compared to the previous year, the company overall delivered a good performance riding on the growth and profitability of the logistics businesses. For a full report and other automotive related industry updates from India, automotivehorizon.sulekha.com