Analyst / Investor Meet - Intimation
Intimation of Schedule of Analyst / Institutional Investor meetings under the SEBI (Listing Obligations and Disclosure Requirements), Regulations 201511-09-2017
11-09-2017
Analyst / Investor Meet Intimation
Pursuant to the relevant provisions of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we would like to inform you that the officials of the Company will be attending the following Conference of institutional investors : Date Organised by Place August 22, 2017 Emkay Global Mumbai This is to further inform that the copy of Investor Presentation has been uploaded on the website of the Company...18-08-2017
Fixes Book Closure for Final Dividend & AGM
Balkrishna Industries Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 08, 2017 to September 09, 2017 (both days inclusive) for the purpose of Payment of Final Dividend & 55th Annual General Meeting (AGM) of the Company to be held on September 09, 2017.16-08-2017
Register Of Members And Share Transfer Books Of The Company Shall Remain Closed From Friday, The 8Th September, 2017 To Saturday, The 9Th September, 2017 (Both Days Inclusive) For The Purpose Of 55Th Annual General Meeting Scheduled To Be Held On Saturday, The 9Th September, 2017 And For Payment Of Final Dividend, If Declared At The Said AGM.
Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby notify that the Register of Members and Share Transfer Books of the Company shall remain closed from Friday, the 8th September, 2017 to Saturday, the 9th September, 2017 (both days inclusive) for the purpose of 55th Annual General Meeting scheduled to be held on Saturday, the 9th September, 2017 and for payment of final dividend for year...14-08-2017
55Th Annual General Meeting Of The Members Of The Company Is Scheduled To Be Held On Saturday, The 9Th September, 2017 At 12:00 Noon At B-66, Waluj MIDC, Waluj Industrial Area, Aurangabad 431 136, Maharashtra.
This is to inform you that 55th Annual General Meeting of the Members of the Company is scheduled to be held on Saturday, the 9th September, 2017 at 12:00 Noon at B-66, Waluj MIDC, Waluj Industrial Area, Aurangabad 431 136, Maharashtra. Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby notify that the Register of Members and Share Transfer Books of the Company shall...14-08-2017
Balkrishna Industries gets mixed reviews from analysts after Q1 results
Tyre manufacturer Balkrishna Industries’ (BIL) reported Q1 results where the firm posted 9% revenue growth YoY (led by 7% volume growth) and 3% growth in net profits. One flag for investors in the results was the fall in EBITDA margins - this declined by 1% YoY, which management said was due to a rollback in price hikes the firm had implemented in April last year, and higher inventory costs. BIL's focus on the niche off roadway segment has seen some success. The company has been setting up a carbon black project that would add capacity and backward integrate its processes and access to this raw material at its Bhuj plant - this would be at a capex of Rs. 150 crore (the company is sitting on a net cash of Rs. 700 crore). The project is likely to commence in the next financial year, according to the firm. BIL has expanded its market share via discounts, selling its tyre product at a 20% discount compared to the market, thanks to lower labor costs. BIL's labor costs account for 6% of its revenue, compared to 20% for global competitors. The firm however, has seen limited price maneuverability, with rollbacks in price hikes. The firm has kept prices low to increase its market share. What may improve margins are however, lower rubber prices, and the management expects margins to stay steady at 30% in this FY. The company is looking at aggressive market expansion: BIL believes that the agri tire demand in Europe is seeing a recovery, with large economies coming out of the doldrums, and also sees construction and mining recovering soon. In the meantime the firm is also looking to expand into new markets such as Russia - however, US sanctions have limited the growth of construction sectors and the Russia economy may be further hit by new sanctions imposed on it by the US Congress. Overall, the take by analysts on the firm has been neutral to optimistic. HDFC Securities shrugs, saying optimism has been priced into the company's share price; while ICICI Securities issued a BUY.02-08-2017
Board declares Interim Dividend
Balkrishna Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 29, 2017, inter alia, has declared interim dividend of Rs. 2.50 per Equity Share (125%) on the Equity Shares of Rs. 2/- each (face value) for the financial year 2017-2018.29-07-2017
Outcome of Board Meeting
1. Approved the Unaudited Standalone Financial Results for the first quarter ended 30th June, 2017, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. (Copy of the Statement of said Unaudited Standalone Financial Results for the first quarter ended 30th June, 2017 is enclosed). 2. Copy of the Limited Review Report for the quarter ended 30th June, 2017 received from M/s. Jayantilal Thakkar...29-07-2017