Balkrishna Industries Limited has informed the Exchange regarding 'Investor Presentation'.
BALKRISIND · price
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Balkrishna Industries (BKT) reported a weak Q1FY26 with sales volume down 3% YoY to 80,664 MT and net profit falling 40% YoY to Rs 287 cr, hit by US tariffs, a shift in product mix toward lower-margin India sales, and a Rs 154 cr mark-to-market forex loss versus a gain last year. EBITDA margin contracted 228 bps YoY to 23.8%, though revenue ticked up 1% to Rs 2,759 cr; the company declared a Rs 4 per share interim dividend. FY25 full-year results were healthy with revenue up 13% to Rs 10,615 cr and PAT at Rs 1,628 cr. Management laid out an ambitious FY30 target of ~Rs 23,000 cr revenue (2.2x growth, ~17% CAGR) with 8% global OHT market share, supported by Rs 3,500 cr capex over three years for carbon black expansion (to 360,000 MTPA), rubber tracks, and new passenger car and commercial vehicle radial tire categories for India. Blended EBITDA margins post full commercialisation are guided at 23-25%, and the balance sheet remains strong with Rs 3,498 cr in cash and equivalents.
Near-term profitability is under pressure from US tariffs and a higher India sales mix, which may weigh on the stock in the short term. However, the long-term FY30 roadmap, sizeable capex into carbon black and new tire verticals, and a debt-light, cash-rich balance sheet support the growth narrative for patient shareholders.