BALMLAWRIEBalmer Lawrie & Company Ltd.
Balmer Lawrie & Company Q2 FY27 Results: Consolidated Net Profit ₹78.99 Crore on Total Income of ₹811 Crore
- Earnings
- Industrial packaging, logistics and travel
Reviewed byKeshav SehgalBlacklitt Research
Balmer Lawrie & Company (NSE: BALMLAWRIE) reported consolidated total income of ₹811.36 crore and net profit of ₹78.99 crore for the quarter ended 30 Sep 2026, with standalone total income of ₹818.04 crore and net profit of ₹67.66 crore, it said in a filing on 02 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹811.36 crore, up 25.6% YoY and 6.8% QoQ
- Net profit: ₹78.99 crore, up 43.2% YoY and 11.4% QoQ
- EPS: ₹4.64 basic, against ₹3.31 a year earlier
- Finance costs: ₹11.35 crore, up 59.8% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹818.04 crore, up 26.3% YoY and 8.7% QoQ
- Net profit: ₹67.66 crore, up 39.6% YoY and 17.3% QoQ
- EPS: ₹3.96 basic, against ₹2.83 a year earlier
- Other income: ₹17.66 crore, 2.2% of total income
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 811.36 | 646.14 | +25.6% | 759.36 | +6.8% | |
| Revenue from operations | 800.72 | 635.44 | +26.0% | 748.73 | +6.9% |
| Other income | 10.63 | 10.71 | -0.7% | 10.63 | +0.1% |
| 78.99 | 55.18 | +43.2% | 70.93 | +11.4% | |
| Profit before tax | 85.83 | 55.50 | +54.7% | 77.93 | +10.1% |
| Finance costs | 11.35 | 7.10 | +59.8% | 12.84 | -11.6% |
| Depreciation | 19.38 | 15.58 | +24.4% | 19.69 | -1.6% |
| Tax expense | 25.97 | 17.02 | +52.5% | 21.46 | +21.0% |
| Net profit margin | 9.74% | 8.54% | +1.20 pp | 9.34% | +0.39 pp |
| EPS, basic (₹) | 4.64 | 3.31 | +40.2% | 4.18 | +11.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit rose 43.2% YoY, faster than total income at 25.6%. Other income is 1.3% of total income this quarter.
Finance costs rose 59.8% YoY to ₹11.35 crore, which is 1.4% of total income. Tax expense of ₹25.97 crore is 30.3% of profit before tax of ₹85.83 crore, against a rise in tax of 52.5% YoY.
The consolidated profit before tax less tax comes to ₹59.86 crore, while the reported net profit is ₹78.99 crore.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 818.04 | 647.48 | +26.3% | 752.54 | +8.7% | |
| Revenue from operations | 800.38 | 629.92 | +27.1% | 742.13 | +7.8% |
| Other income | 17.66 | 17.56 | +0.6% | 10.41 | +69.7% |
| 67.66 | 48.48 | +39.6% | 57.66 | +17.3% | |
| Profit before tax | 93.63 | 65.50 | +42.9% | 79.12 | +18.3% |
| Finance costs | 9.49 | 5.00 | +90.0% | 10.97 | -13.5% |
| Depreciation | 16.92 | 12.48 | +35.6% | 16.68 | +1.4% |
| Tax expense | 25.97 | 17.02 | +52.5% | 21.46 | +21.0% |
| Net profit margin | 8.27% | 7.49% | +0.78 pp | 7.66% | +0.61 pp |
| EPS, basic (₹) | 3.96 | 2.83 | +39.9% | 3.37 | +17.5% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 39.6% YoY, slower than profit before tax at 42.9%, with total income up 26.3%. Revenue from operations grew 27.1%, faster than other income, which was up 0.6% at ₹17.66 crore.
Standalone finance costs rose 90.0% YoY to ₹9.49 crore, and depreciation rose 35.6% to ₹16.92 crore. Consolidated net profit is ₹11.33 crore higher than standalone, and consolidated total income is ₹6.68 crore lower than standalone.
The auditors' other matter says the Company did not have a Woman Director as required by Section 149(1) of the Companies Act, 2013, and so did not comply with that Act for the period. The auditors' conclusion is not modified in respect of this matter.
The filing gives the Logistics Services segment revenue of ₹238.76 crore for the quarter, up from ₹127.85 crore a year earlier. Exceptional items are nil for the quarter and the half year.
The cash flow statement shows dividend paid of ₹80.01 crore in the half year, against ₹145.35 crore a year earlier. The standalone balance sheet shows current borrowings of ₹112.77 crore at 30 Sep 2026, against nil at 31 Mar 2026.
Inference
The filing shows new current borrowings of ₹112.77 crore at standalone level at 30 Sep 2026 and a dividend paid of ₹80.01 crore in the half year. It does not say the reason for the borrowings or whether an interim dividend has been declared for the quarter.
PT Balmer Lawrie Indonesia, a joint venture, has accumulated losses of ₹57.40 crore and its investment is carried at nil. The filing does not give the reasons for those losses.
Filed with BSE on . Reference: Original filing (PDF)
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