Balkrishna Industries Ltd is up for a third straight session today. The stock is quoting at Rs 2802.45, up 2.03% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.25% on the day, quoting at 23745.85. The Sensex is at 78326.94, up 1.28%. Balkrishna Industries Ltd has slipped around 5.63% in last one month. Meanwhile, Nifty Auto index of which Balkrishna Industries Ltd is a constituent, has slipped around 6.42% in last one month and is currently quoting at 23043.85, up 2.55% on the day. The volume in the stock stood at 49100 shares today, compared to the daily average of 1.68 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 2808, up 2.13% on the day. Balkrishna Industries Ltd is up 12.25% in last one year as compared to a 20.57% jump in NIFTY and a 40.86% jump in the Nifty Auto index.The PE of the stock is 32.86 based on TTM earnings ending September 24.Powered by Capital Market - Live

Balkrishna Industries Ltd dropped for a fifth straight session today. The stock is quoting at Rs 2678.95, down 2.31% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Balkrishna Industries Ltd has eased around 10.06% in last one month.Meanwhile, Nifty Auto index of which Balkrishna Industries Ltd is a constituent, has eased around 14.07% in last one month and is currently quoting at 23269.1, down 2.27% on the day. The volume in the stock stood at 1.27 lakh shares today, compared to the daily average of 1.39 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 2694.45, down 1.73% on the day. Balkrishna Industries Ltd jumped 1.68% in last one year as compared to a 20.25% rally in NIFTY and a 36.59% spurt in the Nifty Auto index.The PE of the stock is 32.74 based on TTM earnings ending September 24.Powered by Capital Market - Live

Profit before tax stood at Rs 465.32 crore in second quarter of FY25, up 4.84% from Rs 465.32 crore reccorded in Q2 FY24. EBITDA grew 12.96% YoY to Rs 619 crore during the September 2024 quarter. EBITDA margin improved to 25.1% in Q2 FY25 as against 24.4% in same quarter previous fiscal. During Q1 FY25, total expenses increased 9.1% YoY to Rs 2,060.87 crore. Finance costs stood at 40.35 crore (up 76.35% YoY), cost of materials consumed was at Rs 1,129.31 crore (up 5.46% YoY) and employee benefits expense was at Rs 118.57 crore (up 6.39% YoY) during the period under review. The overall sales volume stood at 73,298 MT in Q2 of FY25, up 4% during the period under review. On consolidated basis, the company's net profit marginally declined to Rs 346.94 crore in Q2 FY25 as against Rs 347.44 crore posted in Q2 FY24. Revenue from operations gained 7.39% to Rs 2,419.74 crore in the September quarter as compared with Rs 5,571.57 crore posted in Q2 FY24. The company has informed about total achievable capacity of approximately 360,000 mt p.a. mould manufacturing capex completed. Meanwhile, the board has declared first interim dividend of Rs 4 per equity share for the financial year 2024-25. The record date for the said dividend will be 2 November 2024. The payment of the dividend shall be credited within 30 days from record date. Balkrishna Industries is engaged in the business of manufacturing and selling of 'Off-Highway Tyres' (OHT) in the specialist segments such as agricultural, industrial & construction, earthmovers & port, mining, forestry, lawn & garden and all terrain vehicles (ATV).Powered by Capital Market - Live

Net profit of Balkrishna Industries declined 0.14% to Rs 346.94 crore in the quarter ended September 2024 as against Rs 347.44 crore during the previous quarter ended September 2023. Sales rose 7.39% to Rs 2419.74 crore in the quarter ended September 2024 as against Rs 2253.19 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2419.742253.19 7 OPM %23.9623.64 - PBDT629.08615.95 2 PBT462.64455.52 2 NP346.94347.44 0 Powered by Capital Market - Live

Balkrishna Industries announced that the Board of Directors of the Company at its meeting held on 25 October 2024, has recommended a Second Interim dividend of Rs.4 per share (i.e.200%), subject to the approval of the shareholders.Powered by Capital Market - Live

Balkrishna Industries Ltd dropped for a fifth straight session today. The stock is quoting at Rs 2912.85, down 0.92% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.17% on the day, quoting at 24113.75. The Sensex is at 79287.83, down 0.97%.Balkrishna Industries Ltd has eased around 3.34% in last one month.Meanwhile, Nifty Auto index of which Balkrishna Industries Ltd is a constituent, has eased around 14.07% in last one month and is currently quoting at 24324.85, down 2.87% on the day. The volume in the stock stood at 1.14 lakh shares today, compared to the daily average of 2.39 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 2895, down 1.17% on the day. Balkrishna Industries Ltd jumped 13.96% in last one year as compared to a 27.88% rally in NIFTY and a 48.1% spurt in the Nifty Auto index.The PE of the stock is 35.43 based on TTM earnings ending June 24.Powered by Capital Market - Live

Balkrishna Industries has fixed 02 November 2024 as record date for 2nd Interim Dividend for financial year 2024-25, if declared. Powered by Capital Market - Live

Balkrishna Industries will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

The key benchmark indices continued to trade with substantial gains in early afternoon trade. The Nifty traded above the 25,700 level and Sensex crossed 84,000 mark. Realty shares advanced for the second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, climbed 937.75 points or 1.11% to 84,108. The Nifty 50 index advanced 285.35 points or 1.12% to 25,701.15. The Sensex and Nifty clocked an all-time high of 84,248.69 and 25,726.65, respectively in early afternoon trade. Further, the Nifty Bank also hit a life high of 53,639.65. In the broader market, the S&P BSE Mid-Cap index added 0.71% and the S&P BSE Small-Cap index advanced 1.07%. The market breadth was strong. On the BSE, 2,465 shares rose and 1,333 shares fell. A total of 145 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, gained 2.60% to 12.80. The Nifty 26 September 2024 futures were trading at 25,685, at a discount of 16.15 points as compared with the spot at 25,701.15 The Nifty option chain for the 26 September 2024 expiry showed maximum Call OI of 84.9 lakh contracts at the 27,000 strike price. Maximum Put OI of 127.3 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Realty index rose 1.24% to 1,082.30. The index jumped 1.74% in two consecutive trading sessions. Macrotech Developers (up 3.99%), DLF (up 2.04%), Brigade Enterprises (up 1.51%), Sunteck Realty (up 1.1%), Sobha (up 1.1%) and Godrej Properties (up 0.07%) advanced. On the other hand, Phoenix Mills (down 1.04%), Oberoi Realty (down 0.14%) and Prestige Estates Projects (down 0.1%) edged lower. The Phoenix Mills (PML) declined 1.04%. The company has announced that its wholly owned subsidiary, Casper Realty, has been declared the highest bidder for two prime city-centric plots in Mohali, Punjab. Stocks in Spotlight: IDFC First Bank added 0.08%. The bank has announced that the Reserve Bank of India (RBI) has granted approval for the re-appointment of V. Vaidyanathan as the managing director and chief executive officer (MD & CEO) of the bank for three years. Balkrishna Industries rose 0.11%. The company said that it has completed the capex for 30,000 MTPA of high value of advanced carbon material and commissioned the plant.Powered by Capital Market - Live

In February 2021, the board of the company had approved a proposal to to enhance the installed capacity of carbon from achievable capacity 115,000 MTPA to 200,000 MTPA. The proposal also involved setting up 30,000 MTPA capacity of high value of advanced carbon material and an additional power plant capacity of 20 MW. The estimated capex cost of the project was Rs 650 crore. The project was undertaken taking into consideration the overall demand / supply outlook as well as internal demand of carbon black. Balkrishna Industries is engaged in the business of manufacturing and selling of off-highway tyres (OHT) in the specialist segments such as agricultural, industrial & construction, earthmovers & port, mining, forestry, lawn & garden and all terrain vehicles (ATV). The company had reported standalone net profit of Rs 477.29 crore in Q1 FY25, registering a growth of 52.84% as against Rs 312.28 crore posted in Q1 FY24. Revenue from operations jumped 26.86% to Rs 2,689.53 crore in the quarter ended June 2024 as compared with Rs 2,120.02 crore posted in the same period last year. The scrip rose 0.16% to currently trade at Rs 3092.35 on the BSE. Powered by Capital Market - Live