Shares of Balmer Lawrie and Company Ltd plunged over 4.7% to ₹216.08 on Thursday after the PSU announced its March quarter and full-year results but opted against a buyback, bonus, or stock split. The company, which had earlier indicated possible capital restructuring measures in line with DIPAM guidelines, said its board had analyzed the proposal but decided not to proceed with a share buyback, bonus issue, or stock split at this time.
Instead, Balmer Lawrie’s board approved a final dividend of ₹8.5 per share, subject to shareholder approval at the upcoming AGM. The dividend, once approved, will be paid within 30 days. This is in line with the company’s last dividend of ₹8.5 per share declared in September 2024.
The PSU, majority-owned by Balmer Lawrie Investments with a 62% stake, also has over 1 lakh small retail shareholders holding a 20% stake. New India Assurance holds a 1.1% stake, while larger retail shareholders hold around 7.13%.
Q4 FY25 performance:
Balmer Lawrie posted a 1.87% year-on-year rise in net profit to ₹75.15 crore in the quarter ended March 2025, up from ₹73.77 crore in the same period last year. Revenue for the quarter rose 5.46% to ₹608.16 crore compared to ₹576.69 crore in the year-ago quarter. However, the operating profit margin (OPM) narrowed slightly to 15.56% from 15.86%.
Full-year FY25 performance:
For the full fiscal year, net profit grew 10.93% to ₹265.96 crore, compared to ₹239.76 crore in FY24. Revenue rose 7.54% to ₹2,515.64 crore from ₹2,339.23 crore last year. The company maintained stable profitability but refrained from announcing any corporate actions like bonus, buyback, or stock split.
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