Balkrishna Inds at new high

about 5 months ago
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Balkrishna Industries hit a new 52-week high today at Rs.1259 and remains the top gainer on the BSE currently.

The market is super thrilled with its earnings for Q3FY20 though total revenue fell 1% (YoY) at Rs.1183 crore; but for the forex gain of Rs.23 crore, it would have been down further.

Net profit came in at Rs.221 crore a surge of 52% .

EBITDA was up 22% at Rs.369 crore and margins rose from 25.5% to 30%.

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