Balkrishna Industries Q4 Review - In High Gear But Priced In: Dolat Capital

New car wheels and tyres on a production line.  (Photographer Luke Sharrett/Bloomberg)

Balkrishna Industries Q4 Review - In High Gear But Priced In: Dolat Capital

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.

Dolat Capital Report

Balkrishna Industries Ltd. reported impressive numbers in Q4 with revenue/Ebitda growth 29/45% YoY with expansion of Ebitda margin 359 basis points YoY (down 63 basis points QoQ) to 31%.

Management stated that retail sales are strong across regions led by strong demand for agriculture and off-the-road tyres and will focus on existing geographies of Europe, the U.S. and India, and other potential markets like Russia and Australia to drive growth over the next two to three years.

The management has given a volume guidance of 250-265,000 metric tonne (10- 17% YoY growth) for FY22.

Click on the attachment to read the full report:

Dolat Capital Balkrishna Industries Q4FY21 Result Update.pdf


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