Balkrishna Industries jumps 5% post Q2 results
Revenue of the company declined 17 per cent YoY to Rs 1084.28 crore in Q2FY20.
ETMarkets.com|
Updated: Nov 15, 2019, 03.51 PM IST
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Shares of Balkrishna Industries rallied nearly 5 per cent in trade on Thursday after it posted a 40 per cent year-on-year rise in net profit for the quarter ended September 30.
The company reported a consolidated net profit of Rs 294.31 crore during the quarter under review against Rs 210.30 crore in the same period last year. However, revenue of the company declined 17 per cent YoY to Rs 1084.28 crore in Q2FY20.
Shares of Balkrishna Industries scaled their 52-week high of Rs 1,023 on March 29 and 52-week low of Rs 682.65 on September 4, 2019.
The board also declared second interim dividend of Rs 2 per share. The payment will be credited on or after November 26.
The shares of the company closed 4.86 per cent higher at Rs 862.85 on BSE.
The company reported a consolidated net profit of Rs 294.31 crore during the quarter under review against Rs 210.30 crore in the same period last year. However, revenue of the company declined 17 per cent YoY to Rs 1084.28 crore in Q2FY20.
Shares of Balkrishna Industries scaled their 52-week high of Rs 1,023 on March 29 and 52-week low of Rs 682.65 on September 4, 2019.
The board also declared second interim dividend of Rs 2 per share. The payment will be credited on or after November 26.
The shares of the company closed 4.86 per cent higher at Rs 862.85 on BSE.
