Shares of Balkrishna Industries Ltd (BKT) surged by 2.22%, trading at ₹2,972.20 on the NSE as of 11:20 am on Friday, October 25, following the company’s announcement of its Q2 FY25 results. Despite a slight 0.14% year-on-year (YoY) decline in net profit, BKT reported steady revenue growth, maintaining strong operational performance.
Key Financial Highlights (Q2 FY25 vs Q2 FY24):
- Net Profit: ₹346.9 crore, a minor dip from ₹347.4 crore in the same quarter of the previous fiscal.
- Revenue from Operations: Increased by 7.4% YoY to ₹2,419.7 crore, up from ₹2,253.2 crore in Q2 FY24.
- EBITDA: Rose by 8.8% YoY to ₹579.7 crore from ₹532.7 crore.
- EBITDA Margin: Slightly improved to 24% from 23.6% in the same period last year.
Interim Dividend Declaration: The company’s board declared a second interim dividend of ₹4 per equity share (200%) for FY25, with the payment expected to be credited within 30 days to shareholders as on the record date of November 2, 2024.
Balkrishna Industries, a leading manufacturer of off-highway tyres, continues to exhibit strong revenue growth and operational efficiency, despite a marginal dip in profit.
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