1st Interim Dividend: Large Cap Tyres Sector Stock To Declare On Aug 5, Record Date Out

Balkrishna Industries Ltd on July 28 announced that the board of directors would hold a meeting on August 5, 2023 to declare 1st interim dividend for 2023-24. The company fixed August 24, 2023 as the record date for interim dividend. Balkrishna Industries shares offered 18% return in last 3-months. Check details below:

Balkrishna Industries Sets Record Date For Interim Dividend: According to the BSE filing dated July 28, "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 5th August, 2023 interalia, to consider and approve:

(i) Unaudited financial results (Standalone & Consolidated) of the Company for the quarter ended 30th June, 2023;

(ii) Declaration of 1st Interim Dividend on equity shares for the financial year 2023-24, if any.

The 1st 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. 12th August, 2023.

Balkrishna Industries Stock Outlook & Return: Last trading price of Balkrishna Industries share is Rs 2464.30 per share. Its 52-week high price is Rs 2525.00 per share and 52-week low price is Rs 1801.00 per share, respectively. Its market capitalisation is Rs 47,639.16 crore.

Balkrishna Industries shares jumped 16% YTD, soared 8% in last 1-year, offered return of 98% in last 3-years, and gave 107% return in last 5-years.

Balkrishna Industries Financial Outlook: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 2374.02 crore, up 7.40% as compared to its last quarter total income of Rs 2210.54 crore. It announced its recent quarter net profit after tax at Rs 259.80 crore.

Balkrishna Industries About: Balkrishna Industries Ltd (BKT) is a tire manufacturing company. It manufactures a wide range of tires, which are used for agricultural, industrial and construction, earthmovers and port, lawn and garden, mining, forestry, and all-terrain vehicles. It also manufactures tubes and carbon black. Major products of the company include agriculture tires, industrial tires and OTR tires. BKT serves original equipment manufacturers (OEM) and the replacement market.

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