Balkrishna Industries Reports Q4 Profit Decline Amidst Resilient OHT Volume Growth
Quarterly Financial Performance Balkrishna Industries Ltd (BKT), a prominent Indian multinational manufacturer of off-highway tires (OHT), reported a 19% decline in net profit for the fourth quarter ending March 31, 2024. Despite the bottom-line contraction, the company achieved a notable 5% growth in OHT sales volumes, reflecting sustained demand in specialized agricultural and industrial segments….
