Balkrishna Industries Q3 Review - Solid Delivery Yet Again; Fresh Capex On The Anvil: ICICI Direct 
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Balkrishna Industries Q3 Review - Solid Delivery Yet Again; Fresh Capex On The Anvil: ICICI Direct 

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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.

ICICI Direct Report

Balkrishna Industries Ltd. reported robust Q3 FY21 results.

Standalone revenue was at Rs 1,505 crore (up 30% YoY), amid approximately 26% rise in volumes to 59,810 metric tonnes.

Ebitda for the quarter at Rs 476 crore was higher by 40% YoY with margins at 31.7% (down 233 basis points QoQ).

Consequent standalone profit after tax was at Rs 322 crore (up 46% YoY), aided in part by higher other income - which included forex gains amounting to Rs 15 crore.

The company declared a third interim dividend of Rs 5 per share (record date: February 16, 2021).

Click on the attachment to read the full report:

ICICI Direct Balkrishna Industries Q3FY21 Result Update.pdf

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