ADVERTISEMENT

Balkrishna Industries Q3 Review— Headwinds Clearing With A Few Bumps Ahead; Nirmal Bang Maintains 'Hold'

Brokerage believes the company's is a very strong franchise and marketing efforts across geographies will result in better offtake along with its low-cost operations resulting in superior margins.

<div class="paragraphs"><p>Balkrishna Industries' gross margin came in at 52.4%, below estimate of 54.5% by 210 bps.</p><p> (Photo Source: Balkrishna Industries website)</p></div>
Balkrishna Industries' gross margin came in at 52.4%, below estimate of 54.5% by 210 bps.

(Photo Source: Balkrishna Industries website)

Balkrishna Industries' revenue for Q3 FY25 stood at Rs 25.72 billion in line with our estimate of Rs 25.25 billion up 11% YoY and 4.3% QoQ.
To continue reading this story
Subscribe to Unlock & Enjoy your 
Subscriber-Only
 benefits

Choose a plan

Renews automatically. Cancel anytime.
Still Not convinced ? Know More
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit