Balmer Lawrie Investments Q2 profit rises 43% to Rs 81.76 crore

Balmer Lawrie Investments Limited reported consolidated net profit of Rs 81.76 crore for the quarter ended September 30, 2026, up 43% from Rs 57.10 crore a year earlier, as revenue from operations rose 26% to Rs 803.15 crore from Rs 638.39 crore. Profit before tax increased to Rs 107.16 crore from Rs 74.92 crore.

How did Balmer Lawrie Investments perform in the September quarter?

Balmer Lawrie Investments recorded year-on-year growth in both revenue and profit for the quarter ended September 30, 2026. Revenue from operations increased by Rs 164.76 crore to Rs 803.15 crore, while total income, including other income, rose to Rs 813.78 crore from Rs 649.10 crore in the quarter ended September 30, 2025. Other income was Rs 10.63 crore, compared with Rs 10.71 crore a year earlier.

Net profit increased by Rs 24.66 crore from Rs 57.10 crore to Rs 81.76 crore. Tax expense rose to Rs 25.39 crore from Rs 17.82 crore, while profit before tax increased by Rs 32.24 crore to Rs 107.16 crore. Basic and diluted earnings per equity share, not annualised, were Rs 2.35, compared with Rs 1.66 in the corresponding quarter of 2025.

What changed from the June 2026 quarter for Balmer Lawrie Investments?

Balmer Lawrie Investments’ revenue from operations rose sequentially to Rs 803.15 crore in the quarter ended September 30, 2026, from Rs 751.14 crore in the preceding quarter ended June 30, 2026. Net profit increased to Rs 81.76 crore from Rs 72.59 crore, while profit before tax rose to Rs 107.16 crore from Rs 94.62 crore. Total income was Rs 813.78 crore, compared with Rs 761.77 crore in the June quarter.

Total expenses increased to Rs 725.75 crore from Rs 681.61 crore over the two quarters, while finance costs declined to Rs 11.35 crore from Rs 12.84 crore. Employee-benefit expense rose to Rs 74.58 crore from Rs 69.64 crore, whereas other expenses fell to Rs 86.56 crore from Rs 94.53 crore. The sequential revenue increase of Rs 52.00 crore exceeded the Rs 44.14 crore rise in total expenses.

Which Balmer Lawrie Investments segments contributed most in Q2?

Industrial Packaging was Balmer Lawrie Investments’ largest revenue segment in the September 2026 quarter at Rs 246.61 crore, followed by Logistics Services at Rs 238.76 crore and Greases & Lubricants at Rs 162.38 crore. Industrial Packaging revenue increased from Rs 211.56 crore a year earlier, while Logistics Services revenue rose from Rs 127.85 crore. Greases & Lubricants revenue was also higher than Rs 156.93 crore in the September 2025 quarter.

Logistics Services generated the highest segment profit before interest and tax at Rs 44.08 crore, up from Rs 18.11 crore a year earlier. Travel & Vacations reported Rs 33.79 crore, compared with Rs 34.60 crore, while Industrial Packaging recorded Rs 15.84 crore against Rs 14.29 crore. The Others segment posted a loss before interest and tax of Rs 9.77 crore, narrower than the Rs 12.44 crore loss in the corresponding quarter.

Logistics Infrastructure contributed Rs 78.88 crore of segment revenue and Rs 11.82 crore of segment profit before interest and tax in the September 2026 quarter. The Investment business generated Rs 2.56 crore of revenue and Rs 2.20 crore of segment profit, compared with Rs 3.09 crore and Rs 2.72 crore respectively a year earlier. Inter-segment eliminations were Rs 38.11 crore, reducing total segment revenue of Rs 841.26 crore to consolidated revenue from operations of Rs 803.15 crore.

What do Balmer Lawrie Investments’ six-month figures show?

Balmer Lawrie Investments reported revenue from operations of Rs 1,554.29 crore for the six months ended September 30, 2026, up from Rs 1,321.87 crore in the previous-year period. Net profit increased to Rs 154.35 crore from Rs 126.52 crore, and profit before tax rose to Rs 201.78 crore from Rs 164.35 crore. Basic and diluted earnings per share for the six months were Rs 4.40, compared with Rs 3.67.

Industrial Packaging revenue for the six months reached Rs 555.27 crore from Rs 453.26 crore, while Logistics Services revenue increased to Rs 411.93 crore from Rs 283.72 crore. Logistics Infrastructure revenue rose to Rs 161.22 crore from Rs 137.69 crore, and Travel & Vacations revenue increased to Rs 159.94 crore from Rs 150.82 crore. Greases & Lubricants was the exception among the larger segments, with revenue declining to Rs 277.48 crore from Rs 320.44 crore.

What was Balmer Lawrie Investments’ financial position at September 30, 2026?

Balmer Lawrie Investments reported total consolidated assets of Rs 3,782.24 crore at September 30, 2026, compared with Rs 3,514.38 crore at March 31, 2026. Current assets increased to Rs 2,081.90 crore from Rs 1,848.22 crore, including trade receivables of Rs 669.30 crore against Rs 534.91 crore. Inventories rose to Rs 223.78 crore from Rs 168.65 crore at the March 2026 year-end.

Total equity stood at Rs 2,306.53 crore at September 30, including Rs 1,477.93 crore of equity share capital and other equity, plus non-controlling interest of Rs 828.60 crore. Total liabilities were Rs 1,475.71 crore, comprising Rs 485.66 crore of non-current liabilities and Rs 990.05 crore of current liabilities. Current borrowings were Rs 116.62 crore, compared with Rs 3.45 crore at March 31, 2026.

Conclusion

Balmer Lawrie Investments’ September-quarter results combined a Rs 24.66 crore year-on-year increase in consolidated net profit with a Rs 164.76 crore rise in revenue from operations. Logistics Services delivered Rs 44.08 crore of segment profit before interest and tax, while Industrial Packaging remained the largest revenue segment at Rs 246.61 crore.

The filing does not disclose a management target, operating plan or scheduled future results date. The next reported developments to watch are whether Greases & Lubricants, whose six-month revenue fell to Rs 277.48 crore, changes direction and whether the Others segment, which recorded a Rs 19.62 crore six-month loss before interest and tax, narrows further in later disclosures.