Large Cap Tyres Sector Stock To Announce Q2 Result, Dividend On Oct 21

Large cap tyres sector stock, Balkrishna Industries Ltd informed today its board of directors will hold meeting on October 21 to consider and approve unaudited financial results of the company for the quarter and half year ended 30th September. The company will also consider declaration of second interim dividend on the same day. Balkrishna Industries shares hit 52-week high on October 12 and October 13, 2023. Balkrishna Industries stock gave shareholders return of 35% in last 1-year. Check details below:

Balkrishna Industries To Declares Q2 Earnings, Interim Dividend: As per the BSE filing of the company dated October 13, 2023, "Notice is hereby given that pursuant to Regulation 29 and Regulation 50 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, a meeting of the Board of Directors of the Company is scheduled to be held on Saturday, the 21st October, 2023 interalia, to consider and approve:

(i) Unaudited financial results (Standalone & Consolidated) of the Company for the quarter and half year ended 30th September, 2023;
(ii) Declaration of 2nd Interim Dividend on equity shares for the financial year 2023-24, if any.
The 2nd Interim Dividend for financial year 2023-24, if declared, shall be paid to the equity shareholders whose name appears on the Register of Members of the company on the record date i.e. 31st October, 2023."

Balkrishna Industries Dividend History: Balkrishna Industries Ltd. has declared 52 dividends since September 4, 2002. In the past 12 months, Balkrishna Industries has declared an equity dividend amounting to Rs 16.00 per share. If the current share price of Rs 2587.35 apiece is taken into consideration, this results in a dividend yield of 0.62%, according to Trendlyne.

Balkrishna Industries Stock Outlook & Return: Last trading price of Balkrishna Industries stock on BSE is Rs 2587.35 per share. Its 52-week high price is Rs 2617.90 per share and 52-week low price is Rs 1801.00 per share, respectively. The company's market capitalisation is Rs 50,017.92 crore.

Balkrishna Industries shares offered shareholders return of 25% in last 6-months, gained 35% in last 1-year, fell 0.19% in last 2-years, and witnessed a surge of 86% in last 3-years. In last 5-years, Balkrishna Industries stock fell 146%.

Balkrishna Industries Financials: The company for the quarter ended June 30, 2023 announced its net sales at Rs 2159.35 crore, down 17.56% on year. Its net profit soared 8.12% on year to Rs 331.88 crore, up from Rs 306.96 crore in the corresponding quarter in the last fiscal.

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