Disclosure under Regulation 30 and Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ("Listing Regulations") - Audited Financial Results (both Standalone and Consolidated) for the Fourth Quarter/Financial Year ended on 31st March, 2026
BALMLAWRIE · price
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Balmer Lawrie reported total revenue of ₹2,69,927 Lakhs for FY2026, up 8.2% from ₹2,49,449 Lakhs in FY2025. Profit After Tax grew 5.5% to ₹24,568 Lakhs from ₹23,280 Lakhs, while EPS improved to ₹14.37 from ₹13.61. The Audit Committee reviewed and the Board approved the results on 17 May 2026. The auditors flagged a suspected fraud involving ₹162.42 Lakhs in irregular vendor payments spanning FY2022-23 to FY2024-25, with an external investigation still ongoing. Additionally, the subsidiary Visakhapatnam Port Logistics Park (VPLPL) has eroded 73% of its net worth, prompting a ₹1,015.25 Lakhs impairment provision. The auditors also highlighted uncertain tax positions, old unadjusted trade receivables, and internal control weaknesses requiring strengthening.
Revenue and profit grew modestly. However, the suspected vendor fraud, subsidiary impairment, and auditor emphasis on old receivables and weak internal controls signal elevated risk and governance concerns that could weigh on investor sentiment.