Balkrishna Ind drops 5% post weak Q1 result; declares dividend of Rs 3/sh

Consolidated profit before tax (PBT) fell 32.5 per cent to Rs 172.27 crore, as against Rs 255.15 crore in Q1FY19

Balkrishna Industries shares skid 5.2 per cent to Rs 1,312 apiece on the BSE on Friday after the company's consolidated June quarter profit declined by 25.61 per cent to Rs 131.56 crore. In comparison, it had reported a profit of Rs 176.84 crore in the year-ago period. 

Besides, its consolidated net revenue stood at Rs 942.61 crore, down 21.38 per cent on a yearly basis, from Rs 1,198.93 crore in Q1FY20. EBITDA came in at Rs 240.43 crore in Q1FY21, registering a de-growth of 10.3 per cent YoY from Rs 268.04 crore reported last year. EBITDA margin, on the other hand,