Balkrishna Industries Limited Reports Earnings Results for the First Quarter Ended June 30, 2023
August 05, 2023 at 07:01 am EDT
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Balkrishna Industries Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 21,593.5 million compared to INR 26,194.3 million a year ago. Revenue was INR 22,651.1 million compared to INR 27,251.5 million a year ago.
Net income was INR 3,318.8 million compared to INR 3,069.6 million a year ago. Basic earnings per share from continuing operations was INR 17.17 compared to INR 15.88 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.
BALKRISHNA INDUSTRIES LIMITED 
