Balkrishna Industries Ltd Share Price – NSE  /  BSE

Tyres, Small Cap

Balkrishna Industries announced that the 62nd Annual General Meeting (AGM) of the company will be held on 19 July 2024.

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Profit before tax soared to Rs 646.84 crore in the quarter ended 31 March 2024, registering a growth of 81.89% on YoY basis.

During Q4 FY24, total expenses increased 9.25% YoY to Rs 2,205.82 crore. Cost of materials consumed was at Rs 1,219.44 crore (up 7.31% YoY), employee benefits expense was at Rs 130.38 crore (up 13.38% YoY) and finance costs stood at 30.87 crore (down 18.27 YoY) during the period under review.

EBITDA increased 42% YoY to Rs 699 crore during the quarter as compared with Rs 494 crore posted in same quarter last year. EBITDA margin improved to 25.9% in Q4 FY24 as against 21.3% in Q4 FY23.

The overall sales volumes stood at Rs 82,085 MT in Q4 FY24, up 13% as compared with Rs 66,480 MT in Q4 FY23, up 9% YoY.

On a full year basis, the consolidated net profit increased 39.16% to Rs 1,471.49 crore despite of 4% fall in revenue from operations to Rs 9,368.87 crore in FY24 over FY23.

Meanwhile, the board has declared final dividend of Rs 4 per equity share for the financial year 2023-24.

Balkrishna Industries is engaged in the business of manufacturing and selling of “Off-Highway Tyres” (OHT) in the specialist segments such as agricultural, industrial & construction, earthmovers & port, mining, forestry, lawn & garden and all terrain vehicles (ATV).

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Balkrishna Industries Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 2797.75, up 5% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.16% on the day, quoting at 22502. The Sensex is at 74005.94, up 0.12%. Balkrishna Industries Ltd has added around 19.13% in last one month.

Meanwhile, Nifty Auto index of which Balkrishna Industries Ltd is a constituent, has added around 8% in last one month and is currently quoting at 23285.65, up 0.23% on the day. The volume in the stock stood at 1.01 lakh shares today, compared to the daily average of 3.35 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 2798.4, up 5% on the day. Balkrishna Industries Ltd is up 30.19% in last one year as compared to a 23.61% gain in NIFTY and a 68.35% gain in the Nifty Auto index.

The PE of the stock is 42.51 based on TTM earnings ending December 23.

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Pfizer Ltd, HFCL Ltd, Delhivery Ltd, Astral Ltd are among the other stocks to see a surge in volumes on BSE today, 18 May 2024.

Balkrishna Industries Ltd saw volume of 14612 shares by 10:00 IST on BSE, a 1.58 fold spurt over two-week average daily volume of 9241 shares. The stock increased 5.00% to Rs.2,798.95. Volumes stood at 15631 shares in the last session.

Pfizer Ltd saw volume of 1353 shares by 10:00 IST on BSE, a 1.3 fold spurt over two-week average daily volume of 1044 shares. The stock increased 1.08% to Rs.4,451.00. Volumes stood at 1213 shares in the last session.

HFCL Ltd recorded volume of 14.62 lakh shares by 10:00 IST on BSE, a 1.2 times surge over two-week average daily volume of 12.17 lakh shares. The stock gained 3.62% to Rs.100.10. Volumes stood at 9.04 lakh shares in the last session.

Delhivery Ltd witnessed volume of 40799 shares by 10:00 IST on BSE, a 1.04 times surge over two-week average daily volume of 39081 shares. The stock dropped 2.86% to Rs.440.85. Volumes stood at 84646 shares in the last session.

Astral Ltd recorded volume of 18785 shares by 10:00 IST on BSE, a 0.92 times surge over two-week average daily volume of 20510 shares. The stock lost 4.29% to Rs.2,205.35. Volumes stood at 24549 shares in the last session.

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