2636.3000 15.40 (0.59%)
NSE Jul 10, 2025 15:53 PM
Volume: 141.5K
 

2636.30
0.59%
ICICI Securities Limited
Balkrishna Industries’ (BIL) Q4FY23 EBITDA margin at 20.3% was in line with our estimate and up 420bps QoQ, driven by gradual decline in the cost of consumed raw material basket (RMB) and relatively lower-priced freight contracts. BIL is aiming at 200-300bps EBITDAM improvement in FY24 over current levels –on the back of lower RMB cost, better hedge rate and further normalisation of logistics cost.
Number of FII/FPI investors increased from 542 to 562 in Mar 2025 qtr.
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