Balkrishna Industries Ltd (BKT) recorded revenue of Rs. 9325Mn, +15.3% YoY majorly driven by volume growth of 23.9% YoY at 42550MT in Q2FY17. EBITDA margins shot up impressively to 33.0% in Q2FY17 as compared to 31.7% and 28.0% in Q2FY16 and Q1FY17 respectively supported by inventory gains. PAT grew tremendously at 57.4% QoQ and 145.2% YoY at Rs. 2589Mn majorly driven by foreign exchange gains and sale of investments.