Balkrishna Industries Q4 Review - Superlative Growth Justifies Premium Valuations: ICICI Direct

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 Q4 FY21 numbers. Standalone revenue came in at Rs 1,746 crore (up 28.6% YoY) tracking 17.3% YoY growth in tonnage to best ever level of 68,002 metric tonne.Ebitda margins at 31.0% were down a mere 63 basis points QoQ amid 120 basis points lower gross margins amid sequential savings in employee costs and other expenses (as percentage of sales). Consequent profit after tax in Q4 FY21 came in at Rs 372 crore, up 44.6% YoY, aided partly by higher other income (includes forex gains of Rs 38 crore). The company declared a final dividend of Rs 5/share for FY21, with total dividend declared for FY21 including interim dividend standing at Rs 17/share..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 Q4 Review - Superlative Growth Justifies Premium Valuations: ICICI Direct

Balkrishna Industries Q4 Review - Superlative Growth Justifies Premium Valuations: ICICI Direct

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