NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Balkrishna Industries Ltd.’s overall performance was healthy in Q1 FY25, led by volume growth and lower operating expenses. However, the management has guided for a muted outlook as demand is likely to moderate and raw material and freight costs are likely to increase in the coming quarters, which will dent overall margins.
In the light of these challenges, we cut our FY25/FY26 EPS estimates by ~4% each. We maintain our Neutral rating with a target price of Rs 2,770, based on ~24 rimes June-26E earnings per share.
Click on the attachment to read the full report:
Balkrishna Industries Q1 Result: Profit Up Nearly 48%, Board Declares Rs 4 Dividend
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
. Read more on Research Reports by NDTV Profit.