{"id":136950,"date":"2022-11-18T03:13:07","date_gmt":"2022-11-18T08:13:07","guid":{"rendered":"https:\/\/44.250.171.167\/?p=136950"},"modified":"2022-11-18T03:13:08","modified_gmt":"2022-11-18T08:13:08","slug":"balkrishna-industries-ltd-q2-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/balkrishna-industries-ltd-q2-fy23-earnings-conference-call-insights\/","title":{"rendered":"Balkrishna Industries Ltd Q2 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Balkrishna Industries Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/BALKRISIND\/\">BALKRISIND<\/a>) Q2 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:10:13] Siddhartha Bera from Nomura asked that on volume outlook, what has changed so much that the company is not giving volume outlook for the year. Rajiv Poddar Joint MD said that the reason is that geopolitical scenario has gone longer than expected in Europe and weather condition is also not giving a lot of confidence at the end user level.<\/li>\n<\/ul>\n<ul>\n<li>[00:12:43] Siddhartha Bera of Nomura enquired about the reason for price increase and the ASPs going up sharply by about 9% QonQ. Rajiv Poddar Joint MD replied that it\u2019s due the overall product mix being better, dollar movement also has impacted the ASP and the higher contribution from North America sales.<\/li>\n<\/ul>\n<ul>\n<li>[00:14:14] Jinesh Gandhi with Motilal Oswal enquired about RM cost increase in 2Q23 and on current prices, what savings are expected. Madhusudan Bajaj CFO answered that both are softening. Raw material cost and sea freight are coming down. In 2Q23 the impact was 200 point increase due to the dollar price.<\/li>\n<\/ul>\n<ul>\n<li>[00:18:11] Ashutosh Tiwari from Equirus Securities asked that on the capex side, how will it be for FY23 and next year. Rajiv Poddar Joint MD replied that about another INR300-400 crores will be spent in FY23.<\/li>\n<\/ul>\n<ul>\n<li>[00:24:32] Sonal Gupta of L&amp;T Mutual enquired about any visibility on the freight rates in 2H23. Rajiv Poddar Joint MD answered that freights are continuously going down. And the impact of that should start coming by Dec. onwards.<\/li>\n<\/ul>\n<ul>\n<li>[00:33:58] Basudeb Banerjee from ICICI Securities enquired about gross profit per kg, and sustainability or further improvement of it. Rajiv Poddar Joint MD replied that on gross margin, the company is estimating some RM correction and logistic costs going down which will help in margins and would see the benefit from 4Q23.<\/li>\n<\/ul>\n<ul>\n<li>[00:40:07] Nishit Jalan of Axis Capital asked that with the uncertainty seen in Europe, if it\u2019s impacting retail demand on the agri side. Rajiv Poddar Joint MD said that the company is seeing both agri and OHT being impacted in Europe.<\/li>\n<\/ul>\n<ul>\n<li>[00:46:11] Abhishek Jain from Dolat Capital enquired about the logistics costs per tone in 2Q23 and the outlook for 3Q23. Rajiv Poddar Joint MD replied that logistics cost is marginally going down. However, due to higher contribution from US, the per ton cost is higher. The company is hopeful of 25-30% fall in logistics cost in the coming quarter.<\/li>\n<\/ul>\n<ul>\n<li>[00:47:33] Abhishek Jain from Dolat Capital asked about the price of natural rubber and synthetic rubber in 2Q23. Madhusudan Bajaj CFO answered that in 2Q22 natural rubber was INR150, but in 2Q23 it was INR157. Synthetic rubber was INR165 vs. INR178 for 2Q23. For 3Q23, natural rubber is INR157 and synthetic rubber INR178 to INR 145-150.<\/li>\n<\/ul>\n<ul>\n<li>[00:49:24] Disha Sheth from Anvil enquired that since the dollar rate is coming down, if any price decrease will be taken in the near future on new orders. Rajiv Poddar Joint MD clarified that the company has not taken any price decrease at the moment.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Balkrishna Industries Ltd (BALKRISIND) Q2 FY23 Earnings Concall Q&amp;A Highlights: [00:10:13] Siddhartha Bera from Nomura asked that on volume outlook, what has changed so much that the company is not giving volume outlook for the year. Rajiv Poddar Joint MD said that the reason is that geopolitical scenario has gone longer than [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Balkrishna Industries Ltd Q2 FY23 Earnings Conference Call Insights #BALKRISIND #Q2 #FY23 #Earnings #Stocks ","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[10169,9044,9753],"class_list":["post-136950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-earnings","tag-industrial-products","tag-tyres"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":129586,"url":"https:\/\/alphastreet.com\/india\/balkrishna-industries-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":136950,"position":0},"title":"Balkrishna Industries Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 17, 2022","format":false,"excerpt":"https:\/\/youtu.be\/5ZH1ze-EJCE Key highlights from Balkrishna Industries Ltd (BALKRISIND) Q4 FY22 Earnings Concall Q&A Highlights: Ashutosh Tiwari from Equirus asked about the realized hedge rate for 4Q22. Rajiv Poddar Joint MD said the realized hedge rate was 86.5. Ashutosh Tiwari of Equirus asked if Waluj machinery is still usable or if\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":141550,"url":"https:\/\/alphastreet.com\/india\/balkrishna-industries-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":136950,"position":1},"title":"Balkrishna Industries Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"February 14, 2023","format":false,"excerpt":"Key highlights from Balkrishna Industries Ltd (BALKRISIND) Q3 FY23 Earnings Concall Q&A Highlights: [00:11:53] Binay Singh from Morgan Stanley asked about current inventory levels and its outlook. Rajiv Poddar Joint MD said that for RM the company would ideally like to be around 45 days and currently BALKRISIND is between\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":148064,"url":"https:\/\/alphastreet.com\/india\/balkrishna-industries-ltd-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":136950,"position":2},"title":"Balkrishna Industries Ltd Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"June 2, 2023","format":false,"excerpt":"Key highlights from Balkrishna Industries Ltd (BALKRISIND) Q4 FY23 Earnings Concall Management Update: [00:04:45] BALKRISIND said the advanced Carbon Black project of 30,000 metric tons per annum is delayed and expected to be completed in 2H24. [00:06:30] BALKRISIND crossed the historical mark of INR10,000 crores sales for the first time\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128024,"url":"https:\/\/alphastreet.com\/india\/balkrishna-industries-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":136950,"position":3},"title":"Balkrishna Industries Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 25, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=wpMDR26eEO0 Key highlights from Balkrishna Industries Ltd (BALKRISIND) Q3 FY22 Earnings Concall Q&A Highlights: Ashutosh Tiwari from Equirus asked how much price increase the company has taken since January 2022. Rajiv Poddar, Joint MD said the company has not taken anything in the Q321. In current quarter also the company\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":173458,"url":"https:\/\/alphastreet.com\/india\/balkrishna-industries-ltd-balkrisind-q2-2025-earnings-call-transcript\/","url_meta":{"origin":136950,"position":4},"title":"Balkrishna Industries Ltd (BALKRISIND) Q2 2025 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"Balkrishna Industries Ltd (NSE: BALKRISIND) Q2 2025 Earnings Call dated Oct. 26, 2024 Corporate Participants: Rajiv Poddar \u2014 Joint Managing Director Analysts: Jinesh Gandhi \u2014 Analyst Mumuksh Mandlesha \u2014 Analyst Raghunandan NL \u2014 Analyst Siddhartha Bera \u2014 Analyst Abhinav Ganeshan \u2014 Analyst Basudev Banerjee \u2014 Analyst Sriram R \u2014 Analyst\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":141436,"url":"https:\/\/alphastreet.com\/india\/balkrishna-industries-ltd-balkrisind-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":136950,"position":5},"title":"Balkrishna Industries Ltd (BALKRISIND) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 14, 2023","format":false,"excerpt":"Balkrishna Industries Ltd (NSE:BALKRISIND) Q3 FY23 Earnings Concall dated Feb. 13, 2023. Corporate Participants: Rajiv A. Poddar\u00a0--\u00a0Joint Managing Director Madhusudan Bajaj\u00a0--\u00a0President of Commercial & Chief Financial Officer Analysts: Annamalai Jayaraj\u00a0--\u00a0Batlivala & Karani Securities India Private Limited -- Analyst Binay Singh\u00a0--\u00a0Morgan Stanley -- Analyst Ashutosh Tiwari\u00a0--\u00a0Equirus Securities -- Analyst Arvind Sharma\u00a0--\u00a0Citigroup\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/136950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=136950"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/136950\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=136950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=136950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=136950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}