Balmer Lawrie Investments Q2 profit rises 43% to Rs 81.7631 crore

Balmer Lawrie Investments Limited reported consolidated profit after tax of Rs 81.7631 crore for the quarter ended September 30, 2026, up 43% from Rs 57.1030 crore a year earlier, as revenue from operations reached Rs 803.1454 crore. The unaudited consolidated results were approved by the board on November 10, 2026.

How did Balmer Lawrie Investments perform in Q2 2026?

Balmer Lawrie Investments increased revenue, profit before tax and profit after tax in the September 2026 quarter from both the year-earlier and preceding quarters. Revenue from operations rose by Rs 164.7516 crore year on year, while profit before tax increased by Rs 32.2368 crore to Rs 107.1572 crore. Profit after tax (PAT) rose by Rs 24.6601 crore to Rs 81.7631 crore.

The quarter also improved sequentially from the three months ended June 30, 2026. Revenue from operations was Rs 803.1454 crore in the September quarter, compared with Rs 751.1418 crore in the June quarter, while PAT increased from Rs 72.5860 crore and profit before tax from Rs 94.6211 crore. Basic and diluted earnings per equity share, not annualised, were Rs 2.35, compared with Rs 1.66 a year earlier.

Other income was Rs 10.6323 crore in the September 2026 quarter, compared with Rs 10.7072 crore in the corresponding 2025 quarter. The rise in total income to Rs 813.7777 crore from Rs 649.1010 crore therefore occurred alongside the Rs 164.7516 crore increase in operating revenue, while other income was broadly unchanged year on year.

Which Balmer Lawrie Investments segments increased revenue?

Balmer Lawrie Investments' industrial packaging, logistics services and greases and lubricants operations were its three largest reported segment-revenue contributors in the September 2026 quarter. Industrial packaging reported Rs 246.6074 crore of revenue, logistics services reported Rs 238.7571 crore, and greases and lubricants reported Rs 162.3838 crore, before inter-segment eliminations.

Logistics services recorded the largest year-on-year revenue increase among the disclosed segments, rising by Rs 110.9117 crore from Rs 127.8454 crore in the September 2025 quarter. Industrial packaging increased by Rs 35.0487 crore to Rs 246.6074 crore, logistics infrastructure increased by Rs 8.8798 crore to Rs 78.8797 crore, and travel and vacations fell by Rs 2.5189 crore to Rs 80.4847 crore.

Segment profit before interest and tax for logistics services was Rs 44.0792 crore, compared with Rs 18.1089 crore a year earlier. Logistics infrastructure's segment result rose to Rs 11.8232 crore from Rs 8.1096 crore, while industrial packaging rose to Rs 15.8419 crore from Rs 14.2917 crore. Travel and vacations reported Rs 33.7855 crore, slightly below Rs 34.6004 crore in the prior-year quarter.

What changed in Balmer Lawrie Investments' costs and tax expense?

Balmer Lawrie Investments' total expenses rose to Rs 725.7510 crore in the September 2026 quarter from Rs 590.8882 crore a year earlier, an increase of Rs 134.8628 crore. Total income increased by Rs 164.6767 crore over the same comparison, and profit before tax consequently rose to Rs 107.1572 crore from Rs 74.9204 crore.

Finance costs were Rs 11.3455 crore in the September 2026 quarter, compared with Rs 7.0981 crore a year earlier and Rs 12.8352 crore in the June 2026 quarter. The filing reports profit before tax of Rs 107.1572 crore after finance costs, compared with Rs 94.6211 crore in the immediately preceding quarter.

Tax expense was Rs 25.3941 crore in the September 2026 quarter, comprising current tax of Rs 26.8125 crore and a deferred-tax credit of Rs 1.4184 crore. In the corresponding 2025 quarter, total tax expense was Rs 17.8174 crore, including current tax of Rs 20.1732 crore and a deferred-tax credit of Rs 2.3558 crore.

What do Balmer Lawrie Investments' half-year and balance-sheet figures show?

Balmer Lawrie Investments reported revenue from operations of Rs 1,554.2872 crore for the six months ended September 30, 2026, compared with Rs 1,321.8735 crore in the corresponding six months of 2025. Six-month PAT rose to Rs 154.3491 crore from Rs 126.5173 crore, while profit before tax increased to Rs 201.7790 crore from Rs 164.3473 crore.

Profit attributable to owners of the parent was Rs 97.6136 crore for the six-month period, while Rs 56.6655 crore was attributable to non-controlling interests. The corresponding amounts a year earlier were Rs 81.5444 crore and Rs 44.9729 crore. Total comprehensive income for the 2026 half-year was Rs 154.3587 crore, compared with Rs 126.4977 crore.

Total assets stood at Rs 3,782.2434 crore on September 30, 2026, compared with Rs 3,514.3759 crore on March 31, 2026. Current assets rose to Rs 2,081.8956 crore from Rs 1,848.2193 crore, including trade receivables of Rs 669.2983 crore versus Rs 534.9144 crore and inventories of Rs 223.7830 crore versus Rs 168.6546 crore.

Total equity was Rs 2,306.5344 crore at September 30, 2026, compared with Rs 2,244.0619 crore at March 31, 2026. Current liabilities increased to Rs 990.0492 crore from Rs 793.2166 crore, while current borrowings were Rs 116.6198 crore compared with Rs 3.4469 crore at the March 2026 year-end. Non-current liabilities were Rs 485.6598 crore, versus Rs 477.0974 crore.

Conclusion

Balmer Lawrie Investments' September-quarter result combined a Rs 164.7516 crore year-on-year increase in revenue from operations with a Rs 24.6601 crore rise in PAT. Logistics services contributed the largest segment-revenue increase, while industrial packaging, logistics infrastructure and greases and lubricants also reported higher revenue than in the corresponding quarter of 2025.

The filing does not disclose a revenue target, earnings guidance, capital plan or date for the next financial-results announcement. The disclosed figures to track in subsequent filings are segment revenue and segment results, alongside receivables of Rs 669.2983 crore, inventories of Rs 223.7830 crore and current borrowings of Rs 116.6198 crore as of September 30, 2026.