Motilal Oswal: Balkrishna Industries Q1 Review - Strong Show, Standing Tall

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Balkrishna Industries Industries Ltd. Q1 FY21 Ebitda performance was broadly in line with our estimates.Ebitda de-grew 14% YoY at Rs 2.3 billion, with margin at 24.8% (up 239 basis points YoY; down 262 basis points QoQ) (versus estimate of 24.6%), on account of softening of raw material prices and cost optimization measures.Despite washout in April, company has seen sharp revival in demand in the past three months for agriculture tyres due to good crop season and re-opening of economies in its key European markets of Germany, France, Italy and Latvia.Easing of trade war along with recovery of agriculture demand has helped with demand recovery in USA..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 brokerage 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.

Motilal Oswal: Balkrishna Industries Q1 Review - Strong Show, Standing Tall

Motilal Oswal: Balkrishna Industries Q1 Review - Strong Show, Standing Tall

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