Balmer Lawrie & Company Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- Balmer Lawrie & Company Ltd reported a 1.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 7.4%.
- Its expenses for the quarter were down by 2.9% QoQ and up 7.6% YoY.
- The net profit increased 1.0% QoQ and decreased 6.0% YoY.
- The earnings per share (EPS) of Balmer Lawrie & Company Ltd stood at 3.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 639.04 | 650.37 | 595.17 | -1.7% | 7.4% |
Total Expenses | 571.09 | 588.14 | 530.94 | -2.9% | 7.6% |
Profit Before Tax | 67.94 | 62.23 | 64.23 | 9.2% | 5.8% |
Tax | 19.80 | 18.89 | 15.22 | 4.8% | 30.1% |
Profit After Tax | 61.73 | 61.10 | 65.68 | 1.0% | -6.0% |
Earnings Per Share | 3.80 | 3.70 | 3.90 | 2.7% | -2.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Balmer Lawrie & Company Ltd is a diversified public sector enterprise with a rich history in India. Its core business encompasses manufacturing, services, and trading, primarily focusing on industrial packaging, logistics, travel and vacation services, and greases and lubricants. The company is a significant player in these sectors, contributing to a broad range of industries in the country. Established in the 19th century, Balmer Lawrie has built a robust reputation as a reliable supplier and service provider. Recent developments have included efforts to expand its logistics services and investments in modernizing its manufacturing processes to improve efficiency and output.
Revenue
In the third quarter of fiscal year 2025, Balmer Lawrie & Company Ltd reported a total income of ₹639.04 crores. This figure represents a slight decrease of 1.7% compared to the previous quarter's total income of ₹650.37 crores. However, when evaluated on a year-over-year basis, there is a notable increase of 7.4% from Q3FY24's total income of ₹595.17 crores. This growth over the year highlights the company's ability to enhance its revenue streams, despite the modest sequential decline observed in the most recent quarter.
Profitability
The company's profitability metrics reveal a mixed performance. The profit before tax for Q3FY25 was ₹67.94 crores, marking an increase of 9.2% from the previous quarter's figure of ₹62.23 crores. On a year-over-year basis, this also signifies a growth of 5.8% from Q3FY24. The tax expense for the quarter stood at ₹19.80 crores, reflecting a quarterly rise of 4.8% and a year-over-year increase of 30.1%. Despite these increases in pre-tax profit and tax expenses, the profit after tax was ₹61.73 crores, an increase of 1.0% from the previous quarter but a decrease of 6.0% compared to the same quarter last year. This indicates fluctuations in net profitability over the year.
Operating Metrics
The operating metrics for Balmer Lawrie & Company Ltd exhibit efficiency improvements and cost management strategies. Total expenses in Q3FY25 were reported at ₹571.09 crores, decreasing by 2.9% from ₹588.14 crores in Q2FY25. This reduction in expenses, combined with the revenue figures, has contributed to the overall financial performance for the quarter. Year-over-year, total expenses rose by 7.6% from ₹530.94 crores in Q3FY24, which aligns with the revenue growth trajectory. The earnings per share (EPS) for the quarter was ₹3.80, reflecting a QoQ increase of 2.7% from ₹3.70 in Q2FY25, though it showed a YoY decline of 2.6% from ₹3.90 in Q3FY24. These metrics highlight the company's operational adjustments and financial strategies over the respective periods.
