Balkrishna Industries Q2 FY17 PAT Rs 343 crore

India Infoline News Service | Mumbai | December 01, 2016 11:23 IST

Balkrishna Industries has posted a net profit of Rs 243 crore for the quarter ended September 30, 2016 as compared to Rs 106 crore for the quarter ended September 30, 2015.

Balkrishna Industries, BKT
Balkrishna Industries Ltd has announced the Unaudited Standalone results for the quarter ended September 30, 2016

The company has posted a net profit of Rs 243 crore for the quarter ended September 30, 2016 as compared to Rs 106 crore for the quarter ended September 30, 2015. The total income has increased from Rs 815 crore for the quarter ended September 30, 2015 to Rs 1050 crore for the quarter ended September 30, 2016.

The Board of Directors has declared 2nd interim dividend of Rs 2 per Equity Share (100%) on the Equity Shares of Rs 2 each (face value) for the financial year 2016-2017.

Stock view:

Balkrishna Industries Ltd is currently trading at Rs 1123.85, up by Rs 129.85 or 13.06% from its previous closing of Rs 994 on the BSE.

The scrip opened at Rs 1099 and has touched a high and low of Rs 1134.9 and Rs 1071.55 respectively. So far 472632(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 9607.86 crore.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 1200 on 05-Oct-2016 and a 52 week low of Rs 551.35 on 26-Feb-2016. Last one week high and low of the scrip stood at Rs 1009.35 and Rs 905 respectively.

The promoters holding in the company stood at 58.3 % while Institutions and Non-Institutions held 32.97 % and 8.74 % respectively.

The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

 

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