Balkrishna Industries announced a sharp rise in standalone net profit for the quarter ended December 2016. During the quarter, the profit of the company rose 94.18% to Rs 1,856.90 million from Rs 956.30 million in the same quarter last year.
Revenues for the quarter rose 26.07% to Rs 8,968.20 million, compared with Rs 7,114 million for the prior year period.
Operating margin for the quarter stood at 30.99 percent as compared to 22.85 percent for the previous year period. Operating Income for the quarter was Rs 2,779.60 million, compared with Rs 1625.2 million in the previous year period.
Earnings per share for the quarter stood at Rs 19.21, registering 94.24% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Dec - 16 | Dec - 15 | %Change |
| Revenues | 8,968.20 | 7,113.90 | 26.07 |
| Net Profit | 1,856.90 | 956.30 | 94.18 |
| Diluted EPS | 19.21 | 9.89 | 94.24 |
Shares of the company declined Rs 13.35, or 1.13%, to trade at Rs 1,163.00. The total volume of shares traded was 26,835 at the BSE (12.48 p.m., Monday).
