BALKRISIND · Automobile and Auto Components
Balkrishna Industries Ltd. reported revenue of ₹2,274 cr for October to December 2023, — on the year and +0.9% on the quarter.
Operating profit (EBITDA) was ₹541 cr, a margin of 23.8%, — on the year and +13 bps on the quarter.
Net profit was ₹305 cr, — on the year and −12.1% on the quarter, with earnings per share of ₹15.80.
A vehicle maker's revenue is volumes times average price, and its margin moves with steel, aluminium and rubber costs and with the share of exports and premium models. The quarterly statements do not carry volumes, realisation per vehicle and the export share; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2,253 cr | ₹2,274 cr | ₹2,682 cr | ₹2,714 cr | ₹2,420 cr | ₹2,560 cr | ₹2,752 cr | ₹2,760 cr | ₹2,393 cr | ₹2,737 cr | ₹2,933 cr | ₹3,455 cr |
| YoY | — | — | — | +26% | +7% | +13% | +3% | +2% | −1% | +7% | +7% | +25% |
| EBITDA margin | 23.7% | 23.8% | 25.4% | 24.5% | 24.0% | 23.5% | 22.3% | 18.3% | 21.4% | 23.5% | 21.8% | 21.5% |
| Other income, % of PBT | 23% | 16% | 26% | 25% | 19% | 31% | 20% | 27% | 20% | 16% | −1% | 17% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 24% | 25% | 25% | 23% | 25% | 25% | 24% | 27% | 24% | 22% | 25% | 25% |
| Net profit | ₹347 cr | ₹305 cr | ₹487 cr | ₹490 cr | ₹347 cr | ₹449 cr | ₹369 cr | ₹288 cr | ₹273 cr | ₹382 cr | ₹299 cr | ₹451 cr |
| YoY | — | — | — | +48% | 0% | +47% | −24% | −41% | −21% | −15% | −19% | +57% |
| Core profit YoY | — | — | — | +48% | +7% | +20% | −19% | −40% | −23% | +0% | +5% | +75% |
| EPS | ₹17.97 | ₹15.80 | ₹25.18 | ₹25.35 | ₹17.95 | ₹23.25 | ₹19.06 | ₹14.91 | ₹14.13 | ₹19.77 | ₹15.49 | ₹23.32 |
| Flags | · | · | · | ✓ | ✓ | 2 | 1 | 1 | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Balkrishna Industries Ltd. reported revenue of ₹2,274 cr (— on the year) and net profit of ₹305 cr (— on the year) for October to December 2023.
None of the 2 checks that could run raised a question.
No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.
Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.