Balkrishna Industries shares jump 5% post Q4 results
Balkrishna Industries Share Price: Shares of BKT surged 5% on Saturday to its fresh 52-week high of Rs 2,798.95 supported by the company’s solid fourth quarter performance. Its net profit soared 88% while revenue jumped 16% to Rs 2,697 crore on the back of a sales volume of 82,085 MT.
of () surged 5% on the BSE on Saturday to its fresh 52-week high of Rs 2,798.95 after reporting a of Rs 481 crore for the fourth quarter of financial year 2024.BKT’s net profit shot up 88% YoY while jumped 16% to Rs 2,697 crore backed by a of 82,085 MT — up 13% compared to the same period last year.
Company’s stood at 25.9%, an increase of 467 bps from the comparable period.
The board of BKT also declared a of Rs 4 per share.
“The Board has recommended payment of Final Dividend of Rs. 4/- per Equity Share (200 %) on the Equity Shares of Rs. 2/- each (face value) for the year ended 31" March, 2024, subject to the approval of the Shareholders of the Company at the ensuing Annual General Meeting,” said the filing to the exchanges.
The reported that its highest segmental sales has come from agriculture with 60.5% of the total sales. Geographically, 47% of the sales come from Europe.
Shares of BKT have gained 20% in the last one year while it has increased the investors’ wealth by 12% in the last 6 months alone.
Balkrishna Industries is an multinational tyre manufacturing company, known for its used in specialist segmentations like mining, earthmoving, agriculture, and gardening. It has five factories located in Aurangabad, Bhiwadi, Chopanki, Dombivali, and Bhuj.
BKT is a service provider to OEM’s globally, including , , , and Deutz Fahr.
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