Earnings | Balkrishna Industries Limited (NSE: BALKRISIND) | Q4FY23 Results Out; Total Income fell 2% YoY.

Balkrishna Industries Limited entered the Off-Highway Tyre business in 1987 and has since established itself as a prominent player in the industry. Over the course of three decades, BKT has achieved success by concentrating on specialized segments including agriculture, construction, industrial, earthmoving, port and mining, ATV, and gardening applications. The company’s focus on these specific sectors has allowed it to develop a strong expertise and cater to the unique needs of customers in these areas. With a commitment to quality and innovation, BKT has become a trusted choice for Off-Highway Tyres, earning a solid reputation in the market.

• Balkrishna Industries Limited Reported Total Income for Q4 FY23 of ₹2,374 Crore down from ₹2,483 Crore year on year, a negative growth of 2%.
• Total Expenses for Q4 FY23 of ₹ 2,019 Crore up from ₹1,993 Crore year on year, a growth of 1%.
• Consolidated Net Profit of ₹260 Crore, down 30% from ₹375 Crore in the same quarter of the previous year. 
• The Earnings per Share is ₹13.44, down 30% from ₹19.39 in the same quarter of the previous year.