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Balkrishna Industries reports marginal rise in Q4 net profit

Balkrishna Industries India has reported results for fourth quarter and year ended March 31, 2017.

The company has reported a marginal rise of 1.79% in its net profit at Rs 137.47 crore for the quarter ended March 31, 2017 as compared to Rs 135.05 crore for the same quarter in the previous year. Total income of the company increased by 13.12% at Rs 1064.66 crore for quarter under review as compared to Rs 941.21 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a jump of 63.06% in its net profit at Rs 715.14 crore as compared to Rs 438.57 crore in FY16. Total income of company increased by 18% at Rs 4037.41 crore for year under review as compared to Rs 3421.48 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted a jump of 60.83% in its net profit at Rs 716.85 crore as compared to Rs 445.72 crore in FY16. Total income of company increased 16.58% at Rs 4037.47 crore for year under review as compared to Rs 3463.20 crore for the year ended March 31, 2016.

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