Balkrishna Industries Limited Reports Unaudited Standalone Earnings Results for First Quarter Ended June 30, 2018; Provides Production and Capex Guidance for the Fiscal 2019
August 11, 2018 at 08:07 am EDT
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Balkrishna Industries Limited reported unaudited standalone earnings results for first quarter ended June 30, 2018. For the quarter, the company reported total income of INR 14,446.2 million, profit before exceptional items of INR 3,524.1 million, profit before tax of INR 3,524.1 million, net profit of INR 2,302.5 million or INR 11.91 basic and diluted per share compared to the total income of INR 11,042.6 million, profit before exceptional items of INR 2,278.4 million, profit before tax of INR 2,278.4 million, net profit of INR 1,531.4 million or INR 7.92 basic and diluted per share for the same quarter a year ago. Revenue from operations was INR 13,623.9 million compared to INR 10,119.9 million for the same quarter a year ago.
The company announced that in lieu of this first quarter performance and the current quarter trends, increased company's volume guidance for the financial -- current financial year to 225,000 to 230,000 metric tons.
The company also announced that INR 4,000 million kind of CapEx is estimated for the current year.
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 Reports Unaudited Standalone Earnings Results for First Quarter Ended June 30, 2018; Provides Production and Capex Guidance for the Fiscal 2019
BALKRISHNA INDUSTRIES LIMITED 
