Results for: Net Profit Increase

Balkrishna Industries, a renowned tire manufacturer, has witnessed a remarkable 8% surge in its share price, reaching a new 52-week high on May 21. This impressive performance is attributed to the company’s exceptional Q4 earnings, exceeding market expectations. The company reported a substantial 87.4% increase in net profit, amounting to ₹486.8 crore, compared to ₹260 crore in the corresponding period of the previous year. Furthermore, revenue growth stood at ₹2,682 crore, marking a 16% increase from ₹2,317 crore in the same quarter of the previous fiscal year.

Dr Reddy’s Laboratories reported a 36% year-over-year increase in net profit for Q4, but the share price dropped 5% today. The company saw a 3% sequential decrease in net profit, and brokerages attributed the strong gross margin and operational performance to Revlimid sales. Analysts project that upcoming R&D costs and a weak US launch pipeline may impact the company’s earnings growth and EBITDA margin in the coming fiscal year.