Balkrishna Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 24, 2024 at 06:24 am EST
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Balkrishna Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 22,744.1 million compared to INR 21,655.7 million a year ago. Revenue was INR 23,400.4 million compared to INR 22,105.4 million a year ago. Net income was INR 3,054.2 million compared to INR 1,083.8 million a year ago. Basic earnings per share from continuing operations was INR 15.8 compared to INR 5.61 a year ago. Diluted earnings per share from continuing operations was INR 15.8 compared to INR 5.61 a year ago.
For the nine months, sales was INR 66,869.5 million compared to INR 74,425.2 million a year ago. Revenue was INR 69,654.3 million compared to INR 77,320.4 million a year ago. Net income was INR 9,847.4 million compared to INR 7,976 million a year ago. Basic earnings per share from continuing operations was INR 50.94 compared to INR 41.26 a year ago. Diluted earnings per share from continuing operations was INR 50.94 compared to INR 41.26 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 
