Balkrishna Industries Q4 Net Profit Declines Amid Rising Operational Costs
Balkrishna Industries Ltd (BKT), a leading global 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 pressure, the company achieved a 5% increase in sales volumes for its OHT segment, reflecting resilient demand in global markets. Market Context and Financial Performance…