Tyre-maker Balkrishna Industries Ltd.'s consolidated net profit rose 47.5% in the first quarter of fiscal 2025. The company reported a bottom line of Rs 490 crore, compared to Rs 332 crore in the same period last year, according to an exchange filing on Friday.
Revenue from operations increased by 26% to Rs 2,714 crore in the June quarter, compared to Rs 2,159 crore in the same period last year.
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Earnings before interest, taxes, depreciation, and amortisation advanced by 32.5% to Rs 664 crore. The operating margin improved from 23.2% to 24.4%.
The board declared a dividend of Rs 4 per share for the financial year 2025.
The company announced a new capex spend of up to Rs 1,300 crore for off-road tires at Gujarat's Bhuj, with a capacity of 35,000 million metric tonnes per year to be implemented in phases.
Shares of Balkrishna Industries closed 2.22% lower at Rs 3,055.5 apiece, compared to a 1% advance in the benchmark BSE Sensex. The results were announced after market hours.
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