Balkrishna Industries Ltd. Reports Standalone Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 30, 2014 at 05:04 pm
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Balkrishna Industries Ltd. reported standalone unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales of INR 8,673.2 million, profit from operations before other income, financial cost & exceptional items was INR 1,863.6 million, profit from ordinary activities before tax of INR 1,857.1 million, net profit for the period of INR 1,238.5 million or INR 12.81 basic and diluted per share as compared to net sales of INR 6,984.0 million, profit from operations before other income, financial cost & exceptional items was INR 1,285.5 million, profit from ordinary activities before tax of INR 1,101.6 million, net profit for the period of INR 744.1 million or INR 7.70 basic and diluted per share for the same period last year.
For the nine month, the company reported net sales of INR 25,050.6 million, profit from operations before other income, financial cost & exceptional items was INR 5,088.3 million, profit from ordinary activities before tax of INR 5,024.6 million, net profit for the period of INR 3,342.3 million or INR 34.58 basic and diluted per share as compared to net sales of INR 23,991.2 million, profit from operations before other income, financial cost & exceptional items was INR 4,228.4 million, profit from ordinary activities before tax of INR 4,011.6 million, net profit for the period of INR 2,712.1 million or INR 28.06 basic and diluted per share for the same period last 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, universal vehicle, and others. 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, military truck, and others. Its off the road applications include articulated dump truck, rigid dump truck, load haul dump, low profile dump truck, underground mining vehicle, scraper, and others.