Announcement • 43m
Balkrishna Industries Limited Approves Final Dividend for the Financial Year 2025-26 Balkrishna Industries Limited at its AGM held on 29 July, 2026 approved the payment of Interim Dividends on Equity Shares and to declare a Final Dividend of INR 4.00 per Equity Share (200%) on Equity Shares of INR 2/- each (face value), if any, for the financial year 2025-26. Buy Or Sell Opportunity • 1h
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 6.8% to ₹2,307. The fair value is estimated to be ₹1,863, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Announcement • Jul 29
Balkrishna Industries Limited Declares First Interim Dividend for the Financial Year 2026-27 Balkrishna Industries Limited at its Board of Directors meeting held on July 29, 2026, declared 1st interim dividend of INR 4/- per Equity Share (200%) on the Equity Shares of INR 2/- each (face value) for the financial year 2026-27 and the payment thereof shall be credited/dispatched within 30 days from the date of declaration as per applicable provisions of Companies Act, 2013, to such shareholders as on Record Date i.e. 4th August, 2026. Announcement • Jul 25
Balkrishna Industries Limited to Report Q1, 2027 Results on Jul 29, 2026 Balkrishna Industries Limited announced that they will report Q1, 2027 results on Jul 29, 2026 Upcoming Dividend • Jul 10
Upcoming dividend of ₹4.00 per share Eligible shareholders must have bought the stock before 17 July 2026. Payment date: 28 August 2026. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.6%). Reported Earnings • Jul 09
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: ₹64.30 (down from ₹85.61 in FY 2025). Revenue: ₹108.2b (up 3.6% from FY 2025). Net income: ₹12.4b (down 25% from FY 2025). Profit margin: 12% (down from 16% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 8.2%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Declared Dividend • Jun 20
Fourth quarter dividend of ₹4.00 announced Shareholders will receive a dividend of ₹4.00. Ex-date: 17th July 2026 Payment date: 28th August 2026 Dividend yield will be 0.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 65% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 18
Balkrishna Industries Limited, Annual General Meeting, Jul 29, 2026 Balkrishna Industries Limited, Annual General Meeting, Jul 29, 2026. Buy Or Sell Opportunity • Jun 03
Now 21% overvalued Over the last 90 days, the stock has fallen 4.7% to ₹2,200. The fair value is estimated to be ₹1,816, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 7.5%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Buy Or Sell Opportunity • May 14
Now 20% overvalued Over the last 90 days, the stock has fallen 16% to ₹2,191. The fair value is estimated to be ₹1,820, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 7.5%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Reported Earnings • May 09
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: ₹64.30 (down from ₹85.61 in FY 2025). Revenue: ₹110.7b (up 6.0% from FY 2025). Net income: ₹12.4b (down 25% from FY 2025). Profit margin: 11% (down from 16% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 8.2%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 02
Balkrishna Industries Limited to Report Q4, 2026 Results on May 08, 2026 Balkrishna Industries Limited announced that they will report Q4, 2026 results on May 08, 2026 Announcement • Mar 02
Balkrishna Industries Limited announced that it expects to receive INR 7.5 billion in funding Balkrishna Industries Limited announced that it will receive 75,000 unsecured redeemable non convertible debentures at a price of INR 1,00,000 per share for the total gross proceeds of INR 7.5 billion on March 2, 2026. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2,705, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 29x in the Auto Components industry in India. Total returns to shareholders of 20% over the past three years. Reported Earnings • Jan 29
Third quarter 2026 earnings released: EPS: ₹19.77 (vs ₹23.25 in 3Q 2025) Third quarter 2026 results: EPS: ₹19.77 (down from ₹23.25 in 3Q 2025). Revenue: ₹28.1b (up 9.9% from 3Q 2025). Net income: ₹3.82b (down 15% from 3Q 2025). Profit margin: 14% (down from 18% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 21
Price target decreased by 7.1% to ₹2,327 Down from ₹2,506, the current price target is an average from 18 analysts. New target price is approximately in line with last closing price of ₹2,320. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₹73.29 for next year compared to ₹85.61 last year. Reported Earnings • Nov 01
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: EPS: ₹14.13 (down from ₹17.95 in 2Q 2025). Revenue: ₹24.6b (up 1.9% from 2Q 2025). Net income: ₹2.73b (down 21% from 2Q 2025). Profit margin: 11% (down from 14% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Oct 23
Balkrishna Industries Limited to Report Q2, 2026 Results on Oct 31, 2025 Balkrishna Industries Limited announced that they will report Q2, 2026 results on Oct 31, 2025 Announcement • Jul 18
Balkrishna Industries Limited to Report Q1, 2026 Results on Jul 26, 2025 Balkrishna Industries Limited announced that they will report Q1, 2026 results at 12:15 PM, Indian Standard Time on Jul 26, 2025 Reported Earnings • Jul 08
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹85.61 (up from ₹76.12 in FY 2024). Revenue: ₹104.5b (up 12% from FY 2024). Net income: ₹16.5b (up 13% from FY 2024). Profit margin: 16% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jul 07
Balkrishna Industries Limited, Annual General Meeting, Jul 26, 2025 Balkrishna Industries Limited, Annual General Meeting, Jul 26, 2025, at 10:30 Indian Standard Time. Declared Dividend • Jul 06
Fourth quarter dividend of ₹4.00 announced Dividend of ₹4.00 is the same as last year. Ex-date: 11th July 2025 Payment date: 25th August 2025 Dividend yield will be 0.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (19% earnings payout ratio) but not covered by cash flows (110% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • May 27
Price target decreased by 8.7% to ₹2,567 Down from ₹2,810, the current price target is an average from 19 analysts. New target price is approximately in line with last closing price of ₹2,479. Stock is down 20% over the past year. The company is forecast to post earnings per share of ₹96.35 for next year compared to ₹85.61 last year. Reported Earnings • May 24
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹85.61 (up from ₹76.12 in FY 2024). Revenue: ₹109.9b (up 17% from FY 2024). Net income: ₹16.5b (up 13% from FY 2024). Profit margin: 15% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. Declared Dividend • Jan 29
Third quarter dividend of ₹4.00 announced Dividend of ₹4.00 is the same as last year. Ex-date: 30th January 2025 Payment date: 24th February 2025 Dividend yield will be 0.6%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 27
Balkrishna Industries Limited Declares Third Interim Dividend for the Financial Year 2024-25 Balkrishna Industries Limited, at its board meeting, held on January 25, 2025, declared third interim dividend of INR 4.00 per Equity Share (200%) on the Equity Shares of INR 2 each (face value) for the financial year 2024-25.
And the payment thereof shall be credited/dispatched within 30 days from the date of declaration as per applicable provisions of Companies Act, 2013, to such shareholders as on Record Date is 30th January, 2025. Reported Earnings • Jan 27
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ₹23.25. Revenue: ₹274.8m (down 99% from 3Q 2024). Net income: ₹44.9m (down 99% from 3Q 2024). Profit margin: 16% (up from 13% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Announcement • Jan 17
Balkrishna Industries Limited to Report Q3, 2025 Results on Jan 25, 2025 Balkrishna Industries Limited announced that they will report Q3, 2025 results at 12:15 PM, Indian Standard Time on Jan 25, 2025 Declared Dividend • Oct 27
Second quarter dividend of ₹4.00 announced Dividend of ₹4.00 is the same as last year. Ex-date: 31st October 2024 Payment date: 24th November 2024 Dividend yield will be 0.6%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 26
Second quarter 2025 earnings released: EPS: ₹17.95 (vs ₹17.97 in 2Q 2024) Second quarter 2025 results: EPS: ₹17.95 (down from ₹17.97 in 2Q 2024). Revenue: ₹24.2b (up 7.4% from 2Q 2024). Net income: ₹3.47b (flat on 2Q 2024). Profit margin: 14% (down from 15% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Announcement • Oct 21
Balkrishna Industries Limited to Report Q2, 2025 Results on Oct 25, 2024 Balkrishna Industries Limited announced that they will report Q2, 2025 results on Oct 25, 2024 Declared Dividend • Aug 11
First quarter dividend of ₹4.00 announced Dividend of ₹4.00 is the same as last year. Ex-date: 20th August 2024 Payment date: 8th September 2024 Dividend yield will be 0.5%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: ₹25.35 (vs ₹17.17 in 1Q 2024) First quarter 2025 results: EPS: ₹25.35 (up from ₹17.17 in 1Q 2024). Revenue: ₹27.1b (up 26% from 1Q 2024). Net income: ₹4.90b (up 48% from 1Q 2024). Profit margin: 18% (up from 15% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Aug 02
Balkrishna Industries Limited to Report Q1, 2025 Results on Aug 09, 2024 Balkrishna Industries Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Announcement • Jul 20
Balkrishna Industries Limited Approves Final Dividend for the Financial Year 2023-24 At the Annual General Meeting (AGM) of the Members of Balkrishna Industries Limited held on 19th July, 2024, approved to confirm the payment of Interim Dividends on Equity Shares and to declare a Final Dividend of INR 4.00 per Equity Share (200%) on Equity Shares of INR 2/- each (face value), if any, for the financial year 2023-24. Reported Earnings • Jun 28
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₹76.12 (up from ₹54.70 in FY 2023). Revenue: ₹93.7b (down 4.0% from FY 2023). Net income: ₹14.7b (up 39% from FY 2023). Profit margin: 16% (up from 11% in FY 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Declared Dividend • Jun 28
Fourth quarter dividend of ₹4.00 announced Dividend of ₹4.00 is the same as last year. Ex-date: 5th July 2024 Payment date: 18th August 2024 Dividend yield will be 0.5%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 27
Balkrishna Industries Limited to Report Q4, 2025 Results on May 30, 2025 Balkrishna Industries Limited announced that they will report Q4, 2025 results on May 30, 2025 Announcement • Jun 26
Balkrishna Industries Limited Proposes Final Dividend for the Financial Year 2023-24, Payable on or After 19 July, 2024 Balkrishna Industries Limited announced that at the AGM to be held on 19th July, 2024, proposed to declare a Final Dividend of INR 4.00 per Equity Share (200%) on Equity Shares of INR 2 each (face value), if any, for the financial year 2023-24. the Company has fixed the 6th July, 2024 as the Record Date for determining entitlement of members to Final Dividend for the financial year ended 31st March, 2024. If the final dividend as recommended by the Board of Directors is approved at the AGM, payment of such dividend, subject to deduction of tax at source, will be made on or after 19th July, 2024 but within stipulated time. Announcement • May 23
Balkrishna Industries Limited, Annual General Meeting, Jul 19, 2024 Balkrishna Industries Limited, Annual General Meeting, Jul 19, 2024. Price Target Changed • May 21
Price target increased by 7.1% to ₹2,628 Up from ₹2,454, the current price target is an average from 21 analysts. New target price is 14% below last closing price of ₹3,053. Stock is up 27% over the past year. The company is forecast to post earnings per share of ₹90.93 for next year compared to ₹76.12 last year. Reported Earnings • May 18
Full year 2024 earnings released: EPS: ₹76.12 (vs ₹54.70 in FY 2023) Full year 2024 results: EPS: ₹76.12 (up from ₹54.70 in FY 2023). Revenue: ₹93.7b (down 4.0% from FY 2023). Net income: ₹14.7b (up 39% from FY 2023). Profit margin: 16% (up from 11% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • May 18
Balkrishna Industries Limited Recommends Final Dividend for the Year Ended March 31, 2024 Balkrishna Industries Limited has recommended payment of Final Dividend of INR 4 per Equity Share (200%) on the Equity Shares of INR 2 each (face value) for the year ended 31 March, 2024, subject to the approval of the Shareholders of the Company at the up coming Annual General Meeting. Announcement • May 12
Balkrishna Industries Limited to Report Q4, 2024 Results on May 17, 2024 Balkrishna Industries Limited announced that they will report Q4, 2024 results on May 17, 2024 Reported Earnings • Jan 25
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: ₹15.80 (up from ₹5.61 in 3Q 2023). Revenue: ₹23.4b (up 8.1% from 3Q 2023). Net income: ₹3.05b (up 182% from 3Q 2023). Profit margin: 13% (up from 5.0% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Jan 24
Balkrishna Industries Limited Declares Third Interim Dividend for the Financial Year 2023-24 Balkrishna Industries Limited announced that the Board has declared 3rd interim dividend of INR 4.00 per Equity Share (200%) on the Equity Shares of INR 2 each (face value) for the financial year 2023-24. And the payment thereof shall be credited/dispatched within 30 days from the date of declaration as per applicable provisions of Companies Act, 2013, to such shareholders as onRecord Date i.e. 2nd February, 2024. Announcement • Jan 18
Balkrishna Industries Limited to Report Q3, 2024 Results on Jan 24, 2024 Balkrishna Industries Limited announced that they will report Q3, 2024 results on Jan 24, 2024 Reported Earnings • Oct 22
Second quarter 2024 earnings released: EPS: ₹17.97 (vs ₹19.77 in 2Q 2023) Second quarter 2024 results: EPS: ₹17.97 (down from ₹19.77 in 2Q 2023). Revenue: ₹22.5b (down 15% from 2Q 2023). Net income: ₹3.47b (down 9.1% from 2Q 2023). Profit margin: 15% (up from 14% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Oct 22
Balkrishna Industries Limited Declares 2nd Interim Dividend for the Fiscal Year 2024 Balkrishna Industries Limited at its board meeting held on October 21, 2023, declared 2nd interim dividend of INR 4.00 per Equity Share (200%) on the Equity Shares of INR 2 each (face value) for the fiscal year 2024. And the payment thereof shall be credited/dispatched within 30 days from the date of declaration as per applicable provisions of Companies Act, 2013, to such shareholders as on Record Date that is October 31, 2023. Announcement • Oct 14
Balkrishna Industries Limited to Report Q2, 2024 Results on Oct 21, 2023 Balkrishna Industries Limited announced that they will report Q2, 2024 results on Oct 21, 2023 Board Change • Sep 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director Sandeep Junnarkar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 06
Balkrishna Industries Limited Declares First Interim Dividend for the Financial Year 2023-2024 Balkrishna Industries Limited announced that at its board meeting held on 5 August 2023, the board inter alia took following decision: The board has declared a first interim dividend of INR 4.00 per equity share (200%) on the equity shares of INR 2 each (face value) for the financial year 2023-2024. And the payment thereof shall be credited/dispatched within 30 days from the date of declaration as per applicable provisions of Companies Act, 2013, to such shareholders as on record date is 12 August 2023. Announcement • Jul 29
Balkrishna Industries Limited to Report Q1, 2024 Results on Aug 05, 2023 Balkrishna Industries Limited announced that they will report Q1, 2024 results on Aug 05, 2023 Announcement • Jul 24
Balkrishna Industries Limited Approves Final Dividend for the Financial Year 2022-23 Balkrishna Industries Limited announced that at its AGM held on July 22, 2023, the shareholders approved the payment of Interim Dividends on Equity Shares and to declare a Final Dividend of INR 4.00 per Equity Share (200%) on Equity Shares of INR 2/- each (face value), if any, for the financial year 2022-23. Announcement • Jul 01
Balkrishna Industries Limited, Annual General Meeting, Jul 22, 2023 Balkrishna Industries Limited, Annual General Meeting, Jul 22, 2023, at 11:00 Indian Standard Time. Agenda: To consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors' thereon; to consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors' thereon; to confirm the payment of Interim Dividends on Equity Shares and to declare a Final Dividend; to appoint a Director in place of Mr. Vipul Shah who retires by rotation and being eligible, offers himself for re-appointment; and to consider other matters. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹54.70 (vs ₹74.25 in FY 2022) Full year 2023 results: EPS: ₹54.70 (down from ₹74.25 in FY 2022). Revenue: ₹101.1b (up 22% from FY 2022). Net income: ₹10.6b (down 26% from FY 2022). Profit margin: 11% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 28
Balkrishna Industries Limited Recommends Final Dividend for the Year Ended March 31, 2023 Balkrishna Industries Limited at its board meeting held on May 27, 2023, recommended payment of Final Dividend of INR 4 per Equity Share (200%) on the Equity Shares of INR 2/- each (face value) for the year ended March 31, 2023, subject to the approval of the Shareholders of the Company at the upcoming Annual General Meeting.