Balkrishna Industries Ltd's Q3FY25 Quarter Results
- 26 Jan 2025
Result Summary
- Balkrishna Industries Ltd reported a 9.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 17.4%.
- Its expenses for the quarter were up by 4.9% QoQ and 11.2% YoY.
- The net profit increased 29.6% QoQ and increased 47.2% YoY.
- The earnings per share (EPS) of Balkrishna Industries Ltd stood at 23.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2747.62 | 2510.24 | 2340.04 | 9.5% | 17.4% |
Total Expenses | 2147.94 | 2047.60 | 1931.10 | 4.9% | 11.2% |
Profit Before Tax | 599.68 | 462.64 | 408.94 | 29.6% | 46.6% |
Tax | 150.20 | 115.70 | 103.52 | 29.8% | 45.1% |
Profit After Tax | 449.48 | 346.94 | 305.42 | 29.6% | 47.2% |
Earnings Per Share | 23.30 | 17.90 | 15.80 | 30.2% | 47.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Balkrishna Industries Ltd is a prominent player in the tire manufacturing industry, with a strong focus on producing a range of off-highway tires. The company caters to segments such as agriculture, construction, and industrial, offering specialized solutions to meet the demanding needs of these sectors. Known for its robust distribution network and extensive product portfolio, Balkrishna Industries has established a significant presence in both domestic and international markets. As of the latest updates, the company has been striving to enhance its production capacities and expand its market reach through strategic initiatives. However, specific recent developments in the company, beyond the general industry trends, are not available in the provided data.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Balkrishna Industries Ltd reported a total income of ₹2747.62 crores. This represents a quarter-over-quarter (QoQ) increase of 9.5% from ₹2510.24 crores in Q2FY25. Additionally, the company experienced a year-over-year (YoY) growth of 17.4% compared to ₹2340.04 crores in Q3FY24. This rise in total income highlights the company's ability to generate higher sales and possibly expand its market presence over the specified periods.
Profitability
The profitability of Balkrishna Industries Ltd in Q3FY25 showed significant improvement. The company recorded a profit before tax (PBT) of ₹599.68 crores, marking a QoQ growth of 29.6% from ₹462.64 crores in Q2FY25 and a YoY increase of 46.6% compared to ₹408.94 crores in Q3FY24. After accounting for taxes, the profit after tax (PAT) for Q3FY25 amounted to ₹449.48 crores, up 29.6% QoQ from ₹346.94 crores and 47.2% YoY from ₹305.42 crores in the previous year. The tax expense for the quarter was ₹150.20 crores, which increased by 29.8% QoQ and 45.1% YoY. These figures underline the company's strong financial performance and effective cost management during the quarter.
Operating Metrics
During Q3FY25, Balkrishna Industries Ltd's total expenses amounted to ₹2147.94 crores, reflecting a QoQ increase of 4.9% from ₹2047.60 crores in Q2FY25, and a YoY rise of 11.2% from ₹1931.10 crores in Q3FY24. The company's earnings per share (EPS) for the quarter stood at ₹23.30, experiencing a 30.2% QoQ growth from ₹17.90 in Q2FY25, and a 47.5% YoY increase from ₹15.80 in Q3FY24. These operating metrics indicate the company's capacity to maintain a balance between revenue generation and expense management, contributing to enhanced shareholder value as reflected in the EPS figures.
