Balmer Lawrie & Co has clocked a 20 per cent rise in its net profit in Q1 of FY09 at Rs 24 crore as against Rs 20-crore in the year-ago period.
The company's total income for the reporting quarter went up by 19 per cent at Rs 433 crore as against Rs 363 crore in the year-ago period, a press release issued here stated today.
Balmer Lawrie Managing Director S K Mukherjee said that in its industrial packaging and greases and lubricants segments, margins were under strain in view of higher prices of steel and base oil, the main raw materials.
"The service businesses, however, continued to grow and the upward trend is being maintained," he added.
Balmer Lawrie is a mini-ratna category-1 public sector enterprise.
