MUMBAI, India (June 4, 2012)—Off-road and ag tire maker Balkrishna Industries Ltd. reported a 41-percent increase in net sales and a 39-percent increase in pretax profit for year ended March 31.
Net sales increased to $627 million, while pre-tax profits increased to $83.2 million. Net income rose 38.3 percent to $56 million.
The consolidated results include all tire activities, as well as Balkrishna Paper Mills Ltd., Balkrishna Synthetics Ltd., BKT Exim Ltd.