Balkrishna Industries has reported results for third quarter ended December 31, 2015.
The company has reported 4.62% rise in its net profit at Rs 135.90 crore for the quarter ended December 31, 2015 as compared to Rs 129.90 crore for the same quarter in the previous year. However, the company’s total income has decreased by 16.93% to Rs 850.79 crore for the quarter under review from Rs 1024.17 crore for the corresponding quarter of the previous year.
Balkrishna Industries (BKT) is a leading manufacturer in the Off-Highway tire market. Since its founding in 1987, BKT has successfully focused on specialist segments such as agricultural, construction and industrial vehicles as well as earthmoving, port and mining, ATV, and gardening applications. As a result, BKT has developed into a global player in the Off-Highway tire industry with a 6% market share and a sales volume of 712 million US dollars corresponding to a 30% increase over the last five years.
| Company Name | CMP |
|---|---|
| MRF | 130559.05 |
| Apollo Tyres | 409.20 |
| CEAT | 3325.15 |
| Balkrishna Inds. | 2263.25 |
| JK Tyres & Inds. | 406.10 |
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