Balkrishna Industries Q1 Review - Demand Remains Strong Across Geographies: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.Balkrishna Industries Ltd.’s Q1 FY22 performance was driven by strong demand tailwinds across geographies and segments, leading to its highest ever volumes. Strong economic activity, increased government spending on infrastructure, and supporting underlying commodity prices augurs well for demand for both agri and off-the-road tyres.Revenue grew 4.5% QoQ to Rs 18.3 billion in Q1 FY22. Ebitda/adjusted profit after tax declined by 3%/4% QoQ to Rs 5.3 billion/Rs 3.58 billion.Gross margin contracted by 160 basis point QoQ (387 basis points YoY) to 57.2%. Ebitda margin contracted by 230 bps QoQ (up 300 bps YoY) to 28.9% due to higher logistics cost (90 bps impact). Balkrishna Industries declared its first interim dividend of Rs 4/share for FY22..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Balkrishna Industries Q1 Review - Demand Remains Strong Across Geographies: Motilal Oswal

Balkrishna Industries Q1 Review - Demand Remains Strong Across Geographies: Motilal Oswal

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