Balkrishna Industries fell 1.36% to Rs 1,162.95 at 13:01 IST on BSE after net profit rose 2% to Rs 190 crore on 26% rise in total income to Rs 1161 crore in Q3 December 2017 over Q3 December 2016.
The results were announced after market hours yesterday, 14 February 2018.Meanwhile, the S&P BSE Sensex was up 294.55 points, or 0.86% to 34,450.50
On the BSE, 22,000 shares were traded on the counter so far as against the average daily volumes of 36,726 shares in the past one quarter. The stock hit a high of Rs 1,188.10 and a low of Rs 1,114.40 so far during the day. The stock had hit a record high of Rs 1,285.63 on 18 December 2017. The stock had hit a 52-week low of Rs 572.80 on 16 February 2017.
The stock had outperformed the market over the past 30 days till 14 February 2018, rising 2.15% compared with 1.77% fall in the Sensex. The scrip also outperformed the market in past one quarter, gaining 13.93% as against Sensex's 3.17% rise. The scrip also outperformed the market in past one year, surging 103.12% as against Sensex's 21.31% rise.
The large-cap company has equity capital of Rs 38.66 crore. Face value per share is Rs 2.
Balkrishna Industries' earnings before interest, taxation, depreciation and amortization (EBITDA) rose 14% to Rs 352 crore in Q3 December 2017 over Q3 December 2016. EBITDA margin contracted to 30.3% in Q3 December 2017 from 33.4% in Q3 December 2016.
Balkrishna Industries is a leading manufacturer in the off-highway tire market. The company has focused on specialist segments such as agricultural, construction and industrial vehicles as well as earthmoving, port and mining, ATV, and gardening applications.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content