Net profit of Balkrishna Industries declined 23.64% to Rs 144.70 crore in the quarter ended December 2018 as against Rs 189.50 crore during the previous quarter ended December 2017. Sales rose 8.97% to Rs 1205.59 crore in the quarter ended December 2018 as against Rs 1106.31 crore during the previous quarter ended December 2017.

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The Board of Balkrishna Industries at its meeting held on 08 February 2019 has considered the following -

The capex for the Carbon Black Plant was estimated at Rs 425 crore. The Company expects that the 1st phase of 60,000 MT p.a. to be commissioned by quarter ended 31 March, 2019 giving full benefits for the FY20. The 2nd Phase of 80,000 MT p.a. likely to be commissioned by FY2020-21.

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The Board of Balkrishna Industries has approved the appointment of Shruti Shah as an Additional Director (in the category oflndependent Director) w.e.f.08 February 2019 to 07 February 2024. The Board also accepted the resignation of Khurshed M Doongaji from the Directorship (in the capacity of lndependent Director) of the Company with effect from closing business hours of 08 February, 2019 due to personal health.

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Balkrishna Industries announced that the Board of Directors of the Company at its meeting held on 8 February 2019, inter alia, have recommended the interim dividend of Rs 2 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

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