balmer lawrie & co ltd (BLCL) Snapshot

Balmer Lawrie and Company Limited (BSE:523319) plans to acquire a domestic company offering tour operating services. “We are in active discussion with a mid-size tour company for the acquisition. The company we are in talks with runs tour packages to Europe, the Far East and South Africa. We are very strong in ticketing but we do not have much expertise in package tours,” Viren Sinha, Chairman and Managing Director, Balmer Lawrie, said.

Balmer Lawrie & Company Limited announced that Board of directors at its meeting held on May 29, 2013 has recommended a dividend of INR 30.80 per equity share as on March 31, 2013, which corresponds to INR 17.60 per fully paid-up Equity shares of INR 10.00 each on the expanded share capital of the company consisting of 28,500,641 equity shares including 12,214,560 Bonus equity shares allotted on May 25, 2013. The dividend is for financial year ended March 31, 2013.

Balmer Lawrie and Company Limited reported standalone audited earnings results for the fourth quarter and full year ended march 31, 2013. For the quarter, the company reported net sales/income from operations (net of excise duty) was INR 6.2489 billion against INR 5.9909 billion a year ago. Profit from operations before other income, finance cost & exceptional items was INR 417.9 million against INR 228.8 million a year ago. Profit from ordinary activities before tax was INR 604.0 million against INR 411.7 million a year ago. Net profit for the period was INR 502.5 million or INR 17.63 diluted per share before and after extraordinary items against INR 356.5 million or INR 12.51 diluted per share before and after extraordinary items a year ago. For the year, the company reported net sales/income from operations (net of excise duty) was INR 25.5960 billion against INR 22.6669 billion a year ago. Profit from operations before other income, finance cost & exceptional items was INR 1.6882 billion against INR 1.4185 billion a year ago. Profit from ordinary activities before tax was INR 2.2352 billion against INR 1.9027 billion a year ago. Net profit for the period was INR 1.6277 billion or INR 57.11 diluted per share before and after extraordinary items against INR 1.3807 billion or INR 48.45 diluted per share before and after extraordinary items a year ago.