Balmer Lawrie Reports Q3 FY21 Results: Revenue Up, Profit Down Amid Challenging Environment

Balmer Lawrie & Co , a diversified public sector company, has announced its unaudited financial results for the third quarter and nine months ended December 31, 2020, revealing a mixed performance amidst challenging market conditions.

Q3 FY21 Performance Highlights

Revenue Growth: The company reported a revenue from operations of Rs. 388.46 crore for Q3 FY21, marking a 4.22% increase from Rs. 372.75 crore in the corresponding quarter of the previous year.
Profit Decline: Net profit for the quarter saw a significant decrease, falling to Rs. 11.75 crore from Rs. 35.84 crore in Q3 of the previous year, representing a 67.22% decline.
Earnings Per Share: EPS for the quarter stood at Rs. 0.69, down from Rs. 2.10 in the previous year, reflecting the impact on profitability.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2020:

Revenue Contraction: Revenue from operations decreased to Rs. 1,025.20 crore from Rs. 1,185.61 crore in the previous year, indicating a 13.53% reduction.
Profit Squeeze: Net profit experienced a substantial drop to Rs. 34.09 crore from Rs. 102.24 crore, showing a 66.66% decrease year-over-year.

Operational Update

The company has taken strategic steps to optimize its operations:

Closure of the Industrial Packaging plant in Kolkata.
Implementation of a voluntary retirement scheme for employees, resulting in a cash outgo of Rs. 5.77 crore.

Financial Table: Q3 FY21 vs Q3 FY20

Metric (in Rs. crore)	Q3 FY21	Q3 FY20	YoY Change
Revenue from Operations	388.46	372.75	+4.22%
Net Profit	11.75	35.84	-67.22%
EPS (in Rs.)	0.69	2.10	-67.14%

The financial results reflect the challenges faced by Balmer Lawrie & Co in the current economic environment. While the company managed to achieve a modest increase in revenue, the significant decline in profitability highlights the pressures on margins and operational efficiency.

The closure of the Kolkata Industrial Packaging plant and the voluntary retirement scheme indicate that the company is taking proactive measures to streamline its operations and manage costs in response to market conditions.

As Balmer Lawrie navigates through these challenging times, investors and stakeholders will be keenly watching the company's strategies to improve profitability and capitalize on potential growth opportunities in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.43%	-2.01%	-9.34%	-14.37%	-21.88%	+54.24%

Balmer Lawrie & Co , a Government of India Enterprise, has announced a significant change in its senior management. Rajesh Raghavan, previously serving as Vice President (Operations), has been promoted to the position of Head (Logistics Infrastructure), effective September 2, 2025.

Key Details of the Appointment

New Role: Raghavan will now oversee the entire Logistics Infrastructure business, including Warehousing & Distribution and Container Freight Stations.
Term: The appointment is for a period of 6.75 years, extending until May 31, 2032, when Raghavan reaches the age of 60, or until further order, whichever is earlier.
Reason for Change: The position became vacant following the appointment of Romon Sebastian Louis, the erstwhile Executive Director (Logistics Infrastructure & Cold Chain), to the role of Director (Service Business).

Corporate Disclosure

Balmer Lawrie & Co made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The company's Company Secretary and Compliance Officer, Kavita Bhavsar, officially communicated this change to the National Stock Exchange of India Limited and BSE Limited on September 4, 2025.

Impact on Business Operations

This strategic move is expected to bring continuity and potentially new perspectives to Balmer Lawrie's Logistics Infrastructure division. With Raghavan's extensive experience in operations, the company aims to strengthen its position in the logistics sector, which includes critical areas such as Warehousing & Distribution and Container Freight Stations.

Balmer Lawrie & Co, known for its diverse portfolio including Industrial Packaging, Greases & Lubricants, Chemicals, Travel & Vacations, Logistics, and Refinery & Oil Field Services, continues to adapt its leadership structure to meet evolving business needs and market demands.

As the company navigates through this transition, stakeholders will be keenly watching how these changes in senior management influence Balmer Lawrie's strategic direction and operational efficiency in the coming years.