Balkrishna Industries Ltd. Announces Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2016
November 30, 2016 at 08:04 am EST
Share
Balkrishna Industries Ltd. announced unaudited standalone earnings results for the second quarter and six months ended September 30, 2016. For the quarter, the company reported total income from operations of INR 9,465.3 million against INR 8,217.3 million a year ago. Profit from operations before income, finance cost and exceptional items were INR 2,350.0 million against INR 1,863.0 million a year ago. Profit from ordinary activities before tax was INR 3,338.5 million against INR 1,710.4 million a year ago. Profit from ordinary activities after tax was INR 2,429.2 million against INR 1,062.3 million a year ago. Net profit for the period was INR 2,429.2 million or INR 25.13 basic and diluted earnings per share against INR 1,062.3 million or INR 10.99 basic and diluted earnings per share a year ago. EBITDA was INR 3,070 million against INR 2,560 million a year ago.
For the six months, the company reported total income from operations of INR 18,885.4 million against INR 16,907.3 million a year ago. Profit from operations before income, finance cost and exceptional items were INR 4,485.6 million against INR 3,232.8 million a year ago. Profit from ordinary activities before tax was INR 5,615.2 million against INR 3,186.1 million a year ago. Profit from ordinary activities after tax was INR 3,919.8 million against INR 2,078.7 million a year ago. Net profit for the period was INR 3,919.8 million or INR 40.55 basic and diluted earnings per share against INR 2,078.7 million or INR 21.51 basic and diluted earnings per share a year ago. EBITDA was INR 5,980 million against INR 4,580 million 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.