Balkrishna Industries announced that the Board of Directors of the Company at its meeting held on 29 July 2017, inter alia, have recommended the dividend of Rs 2.5 per equity Share (i.e. 125%) , subject to the approval of the shareholders.

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Net profit of Balkrishna Industries rose 2.74% to Rs 153.14 crore in the quarter ended June 2017 as against Rs 149.06 crore during the previous quarter ended June 2016. Sales rose 7.51% to Rs 1012.77 crore in the quarter ended June 2017 as against Rs 942.01 crore during the previous quarter ended June 2016.

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Balkrishna Industries has fixed 07 August 2017 as record date for 1st interim dividend. The dividend will be paid on or after 11 August 2017.

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Meanwhile, the S&P BSE Sensex was down 114.96 points, or 0.37% to 31,023.25

On the BSE, 3,965 shares were traded on the counter so far as against the average daily volumes of 57,560 shares in the past one quarter. The stock hit a high of Rs 1,719 and a low of Rs 1,651.95 so far during the day. The stock had hit a record high of Rs 1,729 on 23 June 2017. The stock had hit a 52-week low of Rs 650 on 24 June 2016.

The stock had outperformed the market over the past one month till 23 June 2017, rising 13.68% compared with 2.55% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 19.96% as against Sensex's 6.16% gains. The scrip had also outperformed the market in past one year, surging 155.04% as against Sensex's 15.32% gains.

The large-cap company has equity capital of Rs 19.33 crore. Face value per share is Rs 2.

Balkrishna Industries' net profit rose 1.79% to Rs 137.47 crore on 15.23% increase in net sales to Rs 1002.94 crore in Q4 March 2017 over Q4 March 2016.

Balkrishna Industries is a leading manufacturer in the off-highway tire market. The company has focused on specialist segments such as agricultural, construction and industrial vehicles as well as earthmoving, port and mining, ATV, and gardening applications.

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