With a market valuation of ₹44,585.71 Cr, Balkrishna Industries Ltd. is a large-cap company that operates in the consumer discretionary industry. The company has declared its Q3 earnings along with a dividend of 200%. In Q3FY23, the company recorded a net profit of ₹108.38 crore compared to ₹338.95 crore in Q3FY22, representing a fall of 68%. Balkrishna Industries posted revenue from operations of ₹2165.57 crore in the quarter ended December 2022 as against ₹2045.81 crore during the quarter ended December 2021, representing a gain of 5.85%. The company recorded net expenses of ₹2059.06 crore in Q3FY23 compared to ₹1708.78 crore in the year-ago quarter. The EPS of Balkrishna Industries reached ₹5.61 in Q3FY23 as compared to ₹17.53 in the same quarter last year. On Friday, the shares of Balkrishna Industries closed on the NSE at ₹2,304 apiece level, up by 0.07% from the previous close of ₹2,302.45. The stock touched a 52-week-high of ₹2,450.00 on (02-Aug-2022) and a 52-week-low of ₹1,690.55 on (07-Mar-2022). For the quarter ended December 2022 or Q3FY23, the company reported promoter shareholding of 58.30%, FIIs stake of 12.45%, DIIs stake of 20.12%, Government stake of 0.10% and a public stake of 9.03%.
Balkrishna Industries Ltd. Declares Q3 Earnings with 200% Dividend
Balkrishna Industries Ltd. has declared its Q3 earnings along with a dividend of 200%. The company recorded a net profit of ₹108.38 crore compared to ₹338.95 crore in Q3FY22, representing a fall of 68%. The EPS of Balkrishna Industries reached ₹5.61 in Q3FY23 as compared to ₹17.53 in the same quarter last year.
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