Balkrishna Industries Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 27, 2023 at 01:20 pm
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Balkrishna Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 23,170.1 million compared to INR 23,742.1 million a year ago. Revenue was INR 23,740.2 million compared to INR 24,835.8 million a year ago. Net income was INR 2,598 million compared to INR 3,748.4 million a year ago. Basic earnings per share from continuing operations was INR 13.44 compared to INR 19.39 a year ago.
For the full year, sales was INR 97,595.3 million compared to INR 82,951.2 million a year ago. Revenue was INR 101,060.6 million compared to INR 87,330.4 million a year ago. Net income was INR 10,574 million compared to INR 14,353.8 million a year ago. Basic earnings per share from continuing operations was INR 54.7 compared to INR 74.25 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 
