Diwali Mutibagger - Balkrishna Industries - CMP -938 .. Ready for Multifold Returns - 1250+++ Coming Soon

Balkrishna Industries Ltd's Q2FY19 standalone net profit rises 10% yoy to Rs222cr

The company’s standalone revenue stood at Rs1,325cr, up 19% yoy

Mumbai-based Balkrishna Industries is engaged in offering pneumatic tires. The company offers tires, tubes and tire flaps. It focuses on manufacture of a range of off-highway tires (OHT). These tires are mainly meant for agricultural, industrial and construction, earthmover and port, mining, forestry, lawn and garden and all-terrain vehicles (ATV).

Its products include AGRIMAX RT 855, PL 801, EARTHMAX SR 41, EM 934, AGRIMAX TERIS and EARTHMAX SR 30, among others.

The Tyre company reported 10% year-on-year (Y-o-Y) growth in its standalone net profit at Rs 2.22 billion in Q2FY19. It had a profit of Rs 2.03 billion in a year ago quarter.

Operational revenue during the quarter under review grew 19% at Rs 13.25 billion over the previous year quarter. Other income rose four-fold at Rs 444 million from Rs 100 million during the quarter.The company’s revenue and 13.5% Y-o-Y volume growth in line with analyst estimate.

Headquartered in Mumbai, India, Balkrishna Industries Limited (BKT) is a leading manufacturer in the Off-Highway tire market.

Since its founding in 1987, BKT has successfully focused on specialist segments such as agricultural, construction and industrial vehicles as well as earthmoving, port and mining, ATV, and gardening applications. As a result, BKT has developed into a global player in the Off-Highway tire industry with a 6% market share and a sales volume of 850 million US dollars corresponding to a 30% increase over the last five years.

Presently, we have four subsidiaries in Europe and North America assisting our head office in sales and marketing activities: BKT Europe S.r.l. in Seregno, Italy, BKT Tires USA Inc. in Akron, Ohio, BKT Tires Canada Inc. in Toronto, and BKT Tires, Inc. in Brentwood, Tennessee. We sell our products in 130 countries worldwide through a network of national distributors. Our five state-of-the-art production sites in Aurangabad, Bhiwadi, Chopanki, Dombivali and Bhuj employ more than 7,000 people.

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Kajaria Ceremics .. Breakout for 700++CMP 589

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Buy at CMP 1364 - for the Targets of 165 0 -1890 , Time Frame - 5 Months to 24 Months United Breweries Limited is synonymous with innovation and aggressive marketing that is complemented by a strong distribution network which encompasses an impressive spread of owned and contract manufacturing facilities across the country. The company was bought by the late Mr. Vittal Mallya in 1947, and since then, has consistently tasted success and never looked back. Today, each one of the 89,763 outlets selling beer in India, sell atleast one brand from United Breweries Their flagship brand 'Kingfisher', has achieved international recognition consistently, and has won many awards at international beer festivals. Our most popular beer, Kingfisher Premium Lager beer, is currently available in 69 countries and leads the way among Indian beers in the international market. UB GROUP - BUSINESSES PROFITABLE SUBSIDIARIES The company owns many su

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