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Balkrishna Industries Ltd Q2FY24; 9% fall in Profits

Balkrishna Industries Limited (BKT) started its Off-Highway tyre business in 1987. For over 30 years, BKT has successfully focused on specialist segments such as agricultural, construction and industrial as well as earthmoving, port and mining, ATV, and gardening applications.

Financial Results:

Balkrishna Industries Ltd reported Revenues for Q2FY24 of ₹2,253.00 Crores down from ₹2,658.00 Crore year on year, a fall of 15.24%.

Total Expenses for Q2FY24 of ₹1,904.00 Crores down from ₹2,373.00 Crores year on year, a fall of 19.76%.

Consolidated Net Profit of ₹347.00 Crores down 9.16% from ₹382.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹17.97, down 9.10% from ₹19.77 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: tyres
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