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( 11 Nov 2021)
Balkrishna Ind. Q2 net profit up 11.12% at Rs 377.22 cr

The company reported standalone net profit of Rs 377.22 crore for the quarter ended September 30, 2021 as compared to Rs 339.48 crore in the same period last year, registering a year-on-year growth of 11.12 per cent.

Net revenue of the company rose substantially by 29.84 per cent at Rs 2,049.82 crore in July-September quarter of this fiscal as against Rs 1,578.76 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 46.82 per cent to Rs 1,529.92 crore from Rs 1,042.05 crore in year ago period.

Other Income grew by 623.99 per cent at Rs 133.07 crore versus (Sep'20 Rs 18.38 crore).

Operating Profit slipped by 3.13 per cent to Rs 519.90 crore as against Rs 536.71 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 25.41 per cent in September quarter.

Interest declined by 46.61 per cent y-o-y to Rs 1.81 crore, while Taxation increased by 49.03 per cent at Rs 165.47 crore (Sep'20 Rs 111.03 crore).