Balkrishna Industries shares tumbles 12% on Q3 earnings
Its EBITDA (earnings before interest, tax, depreciation, and amortisation) stood at Rs 314.26 crore, sliding 44.84% from Rs 569.69 crore in December 2021. The company recorded net expenses of Rs 2059.06 crore in Q3FY23 compared to Rs 1708.78 crore in the year-ago quarter. The EPS of Balkrishna Industries reached Rs 5.61 in Q3FY23 as compared to Rs 17.53 in the same quarter last year