Balkrishna Industries Limited Announces Unaudited Earnings Results for the Second Quarter and Half Year Ended September 30, 2018
November 10, 2018 at 04:34 am EST
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Balkrishna Industries Limited announced unaudited earnings results for the second quarter and half year ended September 30, 2018. For the quarter, the company reported total income from operations of INR 13,254.8 million compared to INR 11,144.1 million a year ago. Net profit for the period before tax, exceptional items was INR 3,382.2 million compared to INR 3,071.4 million a year ago. Net profit for the period before tax after exceptional items was INR 3,382.2 million compared to INR 3,071.4 million a year ago. Net profit for the period after tax, exceptional items was INR 2,223.1 million compared to INR 2,029.8 million a year ago. Basic and diluted earnings per share were INR 11.50 compared to INR 10.50 a year ago.
For the half year, the company reported total income from operations of INR 26,878.7 million compared to INR 21,263.9 million a year ago. Net profit for the period before tax, exceptional items was INR 6,906.3 million compared to INR 5,349.8 million a year ago. Net profit for the period before tax after exceptional items was INR 6,906.3 million compared to INR 5,349.8 million a year ago. Net profit for the period after tax, exceptional items was INR 4,525.6 million compared to INR 3,561.2 million a year ago. Basic and diluted earnings per share were INR 23.41 compared to INR 18.42 a year ago.
Balkrishna Industries Limited is an India-based company that is engaged in the business of manufacturing and selling of off-highway tires (OHT) in the specialist segments, such as agricultural, industrial and construction, earthmovers and port, mining, forestry, lawn and garden and all-terrain vehicles (ATV). The Companyâs agricultural applications include tractor, harvester, implements, telehandler, agro truck, go-kart, golf kart, mower, fertilizer truck, compact loader, backhoe loader, mobile home, and universal vehicle. Its industrial applications include compactor, container handler, reach stacker, excavator, forklift, skid steer, grader, straddle carrier, RTG crane, mobile crane, terminal tractor, tow tractor, light truck, road rail equipment, trailer, and military truck. Its off the road applications include articulated dump truck, rigid dump truck, load haul dump, low profile dump truck, underground mining vehicle, and scraper.