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Informist, Friday, Oct. 31, 2025

MUMBAI – Balkrishna Industries Ltd. reported a substantial on-year decline in its September quarter net profit and a marginal decline in its top line, missing analysts' estimates for both the metrics. The company saw some relief as its expenses in the reporting quarter saw only a marginal increase compared to the year-ago quarter. The company was expected to see lower overseas demand and margins.  

The company's net profit for the September quarter declined by over 24% on year to INR 2.65 billion and nearly 8% on quarter. The company missed analysts' estimates of INR 3.38 billion net profit in the reporting quarter. The tyre maker saw its revenue for the September quarter decline nearly 2% on year and 13% sequentially to 23.89 billion. The company missed analysts' estimate of revenue of INR 25.22 billion. 

The total expenses of the company rose over 2% on year to INR 21.12 billion, led by a near-7% on-year rise in its other expenses at INR 6.07 billion. However, its material costs declined by nearly 2% from the year-ago quarter. Despite a rise on year, the company's total expenses declined by nearly 15% in the quarter, led by a decline of over 11% in its material costs and a 23% decline in its other expenses.

Balkrishna Industries' volume for the September quarter declined 4% on year to 70,252 metric tonnes in the September quarter. The company reported an earnings before interest, tax, depreciation and amortisation of INR 500 crore for the quarter, down 19% on year. The company's EBITDA margin declined by 358 bps on year to 21.5%. 

The company reported a net profit of INR 5.52 billion for the six months ended September, down over 33% on year. The company saw a marginal increase in its revenue at INR 51.49 billion for the same period. The company reported sales volume of 150,916 metric tonnes for the six months ended September. During the period, the company reported a 13% decline for its EBITDA at INR 11.55 billion and its EBITDA margin contracted 286 bps on year to 22.7%.

The company's sales in Europe accounted for 39.2% of its total sales for the six months ended September, followed by sales volumes in India which contributed 34.9%. The company's total sales volume from the Americas contributed 14.9% towards its total sales volumes for the same period.

Segment wise, the agriculture segment accounted for 58.2% of its total sales volume for the six months ended in September. The company's volumes in its off-the-road tyre segment accounted for 38.1% and other segmental sales accounted for 3.7% of its total sales volumes during the period.  

The board of the company declared a second interim dividend of INR 4 per share for 2025-26 (Apr-Mar). The record date for the interim dividend is Nov. 7.

Friday, shares of Balkrishna Industries closed over 2% lower at INR 2,279.80 on the National Stock Exchange. The company announced its earnings for quarter ended September after market hours.  End

Edited by Deepshikha Bhardwaj

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