GROWING TOGETHER BILSE/2016-2017 10™ FEBRUARY, 2017 To, M/s Bombay Stock Exchange Ltd National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers 5” Floor, Exchange Plaza Dalal Street Bandra Kurla Complex ‘Mumbai ~ 400 001, Bandra (E), Mumbai 400 051 Scrip Name: BALKRISI Scrip Name/Code: BALKRISIND Scrip Code : 502355, Sub: Outcome of Board Meeting held on Friday, the 10” February, 2017. Dear Sirs, ‘This is to inform you that in the meeting of the Board of Directors held on Friday, the 10” February, 2017, the Board inter-alia took the following decisions: 1. The Board has approved the Unaudited Standalone Financial Results set out in compliance with Indian ‘Accounting Standards (Ind-AS) for the quarter and nine months ended 31” December, 2016, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. Copy enclosed 2. Copy of the Limited Review Report for the quarter ended 31° December, 2016 received from M/s. Jayantilal Thakkar & Co, ~ the Auditors of the Company is also enclosed, pursuant to Regulation 33 of SEB! (isting Obligations and Disclosure Requirements), Regulations, 2015, 3, The Board has declared rd interim dividend of Rs. 2/- per Equity Share (100%) on the Equity Shares of £s.2/- each (face value) for the financial year 2016-2017. 4. The Board has approved the re-appointment of Shri Vipul Shah, as a Whole Time Director of the Company {for a period of 5 years w.e.f. 11" February, 2017 to 10” February, 2022, to be designated as Director & Company Secretary and his re-appointment and remuneration is recommended by Nomination and Remuneration Committee, subject to approval of Shareholders of the Company. The meeting commenced at 4:30 p.m. and concluded at 6:10 p.m. kindly acknowledge the receipt. Thanking you, Yours faithfully, For Balkrishna Industries Limited Niece ss ctr & company Secretary DIN NO: 05199526 Balkrishna Industries Ltd. ‘CIN No. Losa9oMHi961PLCOTZ 185 Corporate Office: BKT House, 115, Trade World, Kamala Mills Compouné, Senapati Bapat Marg, Lower Parl, Mumbai - 400013, india Tel: +91 22 6666 3800 Fax: +91 22 6666 3898/99 www.bkt-tires.com. : Registered office 8-6, Weluj Industral Arca, Waly. Aurangabad 431 136, Maharashtra, India.Balkrishna Industries limited LUN- AUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTH ENDED 31ST DECEMBER, 2016 Aeptered Ofc: Refs 46 Wal, DG, Wal nds Are, Aurangabad Maharahra 434 136)nd, Tel 091226463800 Fax 9 2 66663898 (Gini No:199999MH1961PLC012385) Emailld:shares@bkt-tires.com Website address : www.bkttires.com (= Ss STAND ALONE ‘QUARTER ENDED TIVE WONTH ENDED eae sions | sopes/aoie | siayeois | [sizes | s1/ro1s Unausited Unaudited Tens] H-tncome fom Operations (a) ross sates 87936 92516 7o0s2| | 272998 237815 (0) other Operating come 1746 2037 1057 saz 2397 Total income from Operatons(Net) 39682 34653 73s | [278536 240233 expenditure (a) Costof materia consumed 37534 38052 susso| | anzyse so1s8 {b) Purchases of stocksnrade 183 am 107 m 86 Changes in inventories of ished goods, work-inprogress and eee eae ism] sen) cs] | gan) (3) Empoyee benefits expense sez 300 708 16876 asa (c) Excise duty expense 1407 3401 2273 4282 3678 {Depreciation and amortsation expense 7079 7239 7682 22075 21069 (@) other expenses 18961 2018 18651 soot 59265 Total empenses| rea 753 coms || mara] eS Profit rom operations Before other income, net foreign exchange esn/toss finance costs & exceptional tms(1-2) 19917 23500 8610 ear 40940 fs otherineome 27 a7 1018 20766 83 ea. Net foreign exchange gain/Coss)_ 3469 3877 5426 7373 331 Js. Profi rom ordinary actvtis before hance costs and exceptional | _26233 33854 15055 a5 a8754 temst3+4) Js Finance costs 330 469 1631 1617 x07 - Pra from ordinary ates afer nance costs but before exceptional items 56) 25743 33385 ssc | __snase 548) ls aceptional tems a roi fom orcinary activites before tax 7-8) 258 33385 Ba i896 87 iu. tax expense ap wos ave way wi i Net roi rom ordinary activites after tx (9-10) sae BBE 3563 eT SOS fcr ordnary ems (Neto tax expenses) 15. Net profit forthe period (14+12) 78569 Ta 5 eT SORE is. other eomprehensive income (net of an) 322 601 ul 3472 al] 5. Total comprehensive income after tax a056 25893 3349 31239 S001 i. Pa up equity share capital 158 1933 1933 1933 1933 (Facevalueof Rs. 2 ach) 17. Earning Per Share (PS) (Rs. for respective periods Basic (Before and after extraordinary ems) 1921 2533 289 $9.8 200 Diluted (Bore and ater extra orinary ems) 1923 25.13 239 5978 3140pos j-The Oferatng segments disclosures as required by Ind AS-108 snot applicable asthe company operates in one single primary busines segment Tyres Net Foreign exchange gain/{lss) Includes galn/oss) on derivative contracts and other foreign currency transactions. th fetal of numberof investor complaints forthe quartr; Beginning Nil, Received ~Nil Disposed - Nl, Pending Mi |. 1h: company has adopted the Indian Accounting Standards (ind AS) from 2st April 2016 withthe transition date of 1st April 2015 and these financials -esuls have been prepare in accordance withthe recognition and measurement principles laid down in Ind AS 38 Interim Financial Reporting prescribed ander Section 13 ofthe Companies Act, 2013 read with the relevant rues iesued there under and other accounting principles generally accepted in india, |c neconelation between financial result as previously reported under Indian GAAP and Ind Ai ven below. (8s, acs Re OT Particulars synpes_| | “ua/os Jct ort as per indian GAAP 73589) a1265] fas ass Aajstmens fr GAAP Differences |>scouneng for Dervatwes and fori exchange diferences sna} o7s7] sr vale measurement of investments so (2768 osneracustments 2793} 1480] losteredtaxonind a adjustments 2320] 404s} nat Pot before Oc as per nd AS 9563] 30352] at Jornercemprehensve incame (Ci [Net oft) (eral (saa) feta comprehensive Income spe Ind AS 9349] oon] The statement does not laclude nd AS compliant results forthe previous year ended 31st March 2016 a itis not mandatory as per SEDI circular dated xy sly 2016 Je The Company has declared third Interim dividend ofRs.2/-(100 %) per equity share of Rs.2/-each. The cash outgo on account af interim dividend and Jchidend tax willbe Re. 2327 lacs. |<. Provicus period's figures have been regrouped redassified wherever necessary. lcatec 10th February, 2017 Jaace- Mumbai ‘Arvind Poddae (Chairman & Managing Director)JAYANTILAL THAKKAR & CO. Te RTMUMEAISA eae - FORT, = 400 022, CHARTERED ACCOUNTANTS TELEPHONES :2265 8800 2265 8900 FAX: (91-22) 2268 8 E-MAIL : |tco@vsni.net INDEPENDENT AUDITORS’ REVIEW REPORT TO THE BOARD OF DIRECTORS OF BALKRISHNA INDUSTRIES LIMITED 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of Balkrishna Industries Limited ("the Company") for the quarter and nine months ended 31" December, 2016 ("the Statement") being submitted by the ‘Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Circular No. CIR/CFD/FAC/62/2016 dated 5" July, 2016. This Statement is the responsibility of the Company's Management and approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review. 2. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity’, issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion. Based on our review conducted as stated above nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the applicable Indian Accounting Standards and other accounting practices and principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (isting Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated 5" July, 2016, including the manner in which itis to be disclosed, or that it contains any material misstatement, For JAYANTILAL THAKKAR & CO. CHARTERED ACCOUNTANTS (FIRM REG. NO. 104133W) cas ieee PARTNER MEMBERSHIP NO. 116279 PLACE: Mumbai DATE: 10" February, 2017