Balkrishna Inds firms up after Q2 earnings

Balkrishna Industries advanced 2.75% to Rs 845.45 after consolidated net profit jumped 39.94% to Rs 294.31 crore on 17.31% decline in net sales to Rs 1,084.28 crore in Q2 September 2019 over Q2 September 2018.

Standalone net profit soared 30.89% to Rs 291 crore on 19.18% fall in net sales to Rs 1,071.19 crore in Q2 September 2019 over Q2 September 2018. The result was declared after market hours yesterday, 14 November 2019.

On a standalone basis, EBITDA fell 18.68% to Rs 309 crore in Q2 September 2019 as against Rs 380 crore during Q2 September 2018. The reported EBITDA margin grew to 27.9% in Q2 September 2019 from 27.7% in Q2 September 2018.

 

The standalone profit before tax fell 24.26% to Rs 256 crore in Q2 September 2019 over Rs 338 crore in Q2 September 2018.

The reported profit after tax (PAT) margin improved to 26.3% in Q2 September 2019 as against 16.2% in Q2 September 2018.

Meanwhile, the S&P BSE Sensex was up 161 points or 0.40% to 40,447.89.

Balkrishna Industries is engaged in offering pneumatic tires. The firm offers tires, tubes and tire flaps and focuses on manufacture of a range of off-highway tires (OHT).

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