BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
KRChoksey Research Report
For FY22, Balkrishna Industries Ltd.'s revenue stood at Rs 82,951 million, up 43.4% YoY. The company recorded volumes of 2,88,795 million tonne for FY22 (surpassing its expectation of 2,75,000-2,85,000 million tonne for the year) versus 2,27,131 million tonne in FY21, an increase of 27.2% YoY.
Higher than normal capex to persist with carbon black capacity expansion, captive power capacity expansion, and plant modernisation projects to get executed in FY23 for ~Rs 11 billion, following Rs 15 billion of capex in FY22.
In FY23 management expects the sales volume to be 320,000-330,000 million tonne. Capacity enhancement coming from ongoing capex.
Balkrishna Industries has EUR currency hedges for most of its revenues from Europe to deal with foreign exchange fluctuations with inflation and geopolitical conditions in the background.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
