Balkrishna Industries (BKT) had announced its results last week and had a conference call yesterday. Below is the snapshot of the results and notes from the conference calls.
Sales have increased by 3%. One needs to note that the above also includes realized gains/losses on foreign exchange (FX). Realized gain on FX in this quarter was Rs -9 Cr versus Rs +55 Cr in Q3FY18. Volumes have decreased by 6% and realizations have improved by 9% - this explains the growth in total revenues of 3%.