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HomeMarket NewsEarnings NewsBalkrishna Industries Q1 net profit declines to ₹288 crore, margin contracts to 18.3%
Balkrishna Industries' net profit declined 41.2% to ₹288.3 crore in the June quarter from ₹490 crore in the previous fiscal.
Balkrishna Industries Ltd. reported its first quarter earnings on Saturday, July 26.
Its net profit declined 41.2% to ₹288.3 crore in the June quarter from ₹490 crore in the previous fiscal.
The company's revenue increased 1.7% to ₹2,760 crore from ₹2,714 crore in the year-ago period.
Its earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at ₹506 crore in the quarter under review. This was 24% lower than the previous year's ₹664 crore.
The company's margin contracted to 18.3% from 24.5% in the year-ago period.
Shares of Balkrishna Industries ended the previous session 2.26% lower at ₹2,665.5 apiece. The stock has gained 9.5% in the past month.
