You are here: Home » Markets » News
Business Standard

Balkrishna Industries surges on strong Q2 results

The stock surged 12% to Rs 1,110 after the company posted profit of Rs 243 cr in Q2FY17 against Rs 106 cr in Q2FY16

SI Reporter  |  Mumbai 

Balkrishna Industries shares surged 12% to Rs 1,110 on the BSE in early morning trade after the company posted more than doubled its net profit at Rs 243 crore for the quarter ended September 30, 2016 (Q2FY17). It had a profit of Rs 106 crore in the same period last year. Total sales revenue grew 15% year on year (YoY) at Rs 947 crore during the quarter under review against Rs 822 crore in the corresponding quarter of previous fiscal. EBITDA (earnings before interest, tax, depreciation and amortization) margin expanded 130 basis points to 32.5% compared to 31.2% last ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital
RECOMMENDED FOR YOU

Balkrishna Industries surges on strong Q2 results

The stock surged 12% to Rs 1,110 after the company posted profit of Rs 243 cr in Q2FY17 against Rs 106 cr in Q2FY16

The stock surged 12% to Rs 1,110 after the company posted profit of Rs 243 cr in Q2FY17 against Rs 106 cr in Q2FY16 Balkrishna Industries shares surged 12% to Rs 1,110 on the BSE in early morning trade after the company posted more than doubled its net profit at Rs 243 crore for the quarter ended September 30, 2016 (Q2FY17). It had a profit of Rs 106 crore in the same period last year. Total sales revenue grew 15% year on year (YoY) at Rs 947 crore during the quarter under review against Rs 822 crore in the corresponding quarter of previous fiscal. EBITDA (earnings before interest, tax, depreciation and amortization) margin expanded 130 basis points to 32.5% compared to 31.2% last ... image
Business Standard
177 22

Balkrishna Industries surges on strong Q2 results

The stock surged 12% to Rs 1,110 after the company posted profit of Rs 243 cr in Q2FY17 against Rs 106 cr in Q2FY16

Balkrishna Industries shares surged 12% to Rs 1,110 on the BSE in early morning trade after the company posted more than doubled its net profit at Rs 243 crore for the quarter ended September 30, 2016 (Q2FY17). It had a profit of Rs 106 crore in the same period last year. Total sales revenue grew 15% year on year (YoY) at Rs 947 crore during the quarter under review against Rs 822 crore in the corresponding quarter of previous fiscal. EBITDA (earnings before interest, tax, depreciation and amortization) margin expanded 130 basis points to 32.5% compared to 31.2% last ...

image
Business Standard
177 22