Balkrishna Industries announced that the Board of Directors of the Company at its meeting held on 10 August 2019, inter alia, have recommended the interim dividend of Rs 2 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Net profit of Balkrishna Industries declined 23.56% to Rs 176.00 crore in the quarter ended June 2019 as against Rs 230.25 crore during the previous quarter ended June 2018. Sales declined 12.40% to Rs 1193.48 crore in the quarter ended June 2019 as against Rs 1362.39 crore during the previous quarter ended June 2018.

Powered by Capital Market - Live News

Net profit of Balkrishna Industries declined 21.45% to Rs 176.84 crore in the quarter ended June 2019 as against Rs 225.13 crore during the previous quarter ended June 2018. Sales declined 11.03% to Rs 1198.93 crore in the quarter ended June 2019 as against Rs 1347.56 crore during the previous quarter ended June 2018.

Powered by Capital Market - Live News

The Board of Balkrishna Industries at its meeting held on 10 August 2019 has transacted the following -

The Board in its earlier meeting had approved to set up a Green Field Tire Project of 20,000 MT5 per annum capacity with an estimated capital outlay of up to USD 100/- Mn through a wholly owned subsidiary company in USA. After reviewing various aspects of the project in the backdrop of current challenging economic and business environment, the Board has decided to put it in abeyance.

Powered by Capital Market - Live News