Balkrishna Industries Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
February 08, 2021 at 07:52 am EST
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Balkrishna Industries Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 15,638.4 million compared to INR 11,864.1 million a year ago. Net income was INR 3,250.7 million compared to INR 2,238 million a year ago. Basic earnings per share from continuing operations was INR 16.82 compared to INR 11.58 a year ago. For the nine months, total revenue was INR 41,406.1 million compared to INR 36,242.6 million a year ago. Net income was INR 7,975.8 million compared to INR 6,949.5 million a year ago. Basic earnings per share from continuing operations was INR 41.26 compared to INR 35.95 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 
