Balkrishna Industries' top line has been trimmed in Q4FY16

Balkrishna Industries has declared its Q4FY16 results on May 18. The company’s revenue has declined by 1.55 per cent to Rs 880 crore in Q4FY16 as compared to same period in previous financial year. Its EBITDA also has reduced by 18.14 per cent to Rs 239 crore in Q4FY16 on a yearly basis. Balkrishna Industries’ EBITDA margin has contracted by 551 basis points to 27.16 per cent in Q4FY16 as compared to same period in previous fiscal year. However, the company’s PAT has increased by 0.45 per cent to Rs 155 crore in Q4FY16 on a yearly basis. Its PAT margin has expanded by 32 basis points to 17.62 per cent in Q4FY16 as compared to same period in previous fiscal year.

On the yearly front, Balkrishna Industries’ consolidated top line has decreased by 14.62 per cent to Rs 3259 crore in FY16 as compared to previous financial year. The company’s EBITDA too has declined by 11.6 per cent to Rs 878 crore in FY16 on a yearly basis. Its EBITDA margin has expanded by 93 basis points to 26.95 per cent in FY16 as compared to previous financial year. Balkrishna Industries’ bottom line has increased by 21.87 per cent to Rs 576 crore in FY16 on a yearly basis. The company’s PAT margin has expanded by 529 basis points to 17.67 per cent in FY16 on a yearly basis.

The share price of Balkrishna Industries has increased by 5.27 per cent on bourses in early trades; and is trading at Rs 699.2 on an intraday basis.

Balkrishna Industries is engaged in offering pneumatic tyres. The company is focused on manufacturing a range of off-highway specialty tyres, which are used in agricultural, industrial, material handling, construction, earthmoving (OTR), forestry, lawn and garden equipment and All-Terrain Vehicles (ATV). It serves both Original Equipment Manufacturers (OEM) and the replacement market. It offers a range of products for the agricultural and forestry sector, including tractor tyres and agricultural trailer tyres, among others.