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The Economic Times

Rounak Khare

Balkrishna Industries shares jump 8% after Q1 net profit rises 50% YoY to Rs 432 crore

Balkrishna Industries

Shares of tyre-maker Balkrishna Industries surged 8% to Rs 2,249 apiece on the BSE on Thursday after the company reported a 50% year-on-year (YoY) jump in consolidated net profit to Rs 432 crore for the June quarter.

Revenue from operations rose 24% YoY to Rs 3,409 crore from Rs 2,759 crore in the corresponding quarter last year, driven by strong volume growth.

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