BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Balkrishna Industries Ltd. surprised with strong volume growth and margin expansion in Q2 FY21.
While revenue grew 47.4% YoY (led by 35.5% volume growth and 9% average selling price) to Rs 15.78 billion, Ebitda jumped 101% to Rs 5.37 billion driven by 900 basis points expansion in reported margins at 34%.
Management stated that retail sales are strong across regions led by strong demand for agriculture tyres. Channel inventory is lower than normal.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
