Balkrishna Industries climbs 6% post Q2 results

The company said the first half of the financial year has been challenging and volume on half yearly basis have seen 12 per cent de-growth from 109,093 MT in H1FY19 to 96,473 MT in H1FY20.

Shares of Balkrishna Industries moved higher by 7 per cent to Rs 878 on the BSE on Friday after the company reported strong operating margin expansion and believe volume growth in the second half should be better.

The first half (April-September) of the financial year has been challenging and volume on half yearly basis have seen 12 per cent de-growth from 109,093 MT in H1FY19 to 96,473 MT in H1FY20. At the start of the year, the management had guided for 3 per cent to 5 per cent volume growth for the current financial year.

“We believe the