Q4FY21 Result Update - Balkrishna Industries - ICICI Direct

Balkrishna Industries (BIL) reported robust Q4FY21 numbers. Standalone revenue came in at Rs. 1,746 crore (up 28.6% YoY) tracking 17.3% YoY growth in tonnage to best ever level of 68,002 MT. EBITDA margins at 31.0% were down a mere 63 bps QoQ amid 120 bps lower gross margins amid sequential savings in employee costs and other expenses (as percentage of sales). Consequent PAT in Q4FY21 came in at Rs. 372 crore, up 44.6% YoY, aided partly by higher other income (includes forex gains of Rs. 38 crore). The company declared a final dividend of Rs. 5/share for FY21, with total dividend declared for FY21 including interim dividend standing at Rs. 17/share.

For details, click on the link below: Link to the report

Shares of BALKRISHNA INDUSTRIES LTD. was last trading in BSE at Rs.2081.05 as compared to the previous close of Rs. 1895.55. The total number of shares traded during the day was 203805 in over 13709 trades.

The stock hit an intraday high of Rs. 2138 and intraday low of 1878.35. The net turnover during the day was Rs. 414569330.

Source : Equity Bulls

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