Balkrishna Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on May 08, 2026.
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Balkrishna Industries (BKT Tires) reported FY26 results with standalone revenue of Rs 10,820 Crores, up 3.9% from Rs 10,413 Crores in FY25. However, profit after tax fell 25% to Rs 1,222 Crores from Rs 1,628 Crores, impacted by unrealized forex losses and higher input costs. The Board recommended a final dividend of Rs 4 per share (200% on Rs 2 face value), payable after shareholder approval. Key decisions include appointing Deloitte as Joint Statutory Auditor for 5 years, reappointing Vipul Shah as Whole Time Director from February 2027, and approving Rs 2,000 Crores additional capex for capacity expansion and sustainability initiatives. Carbon black capacity is expected in FY27, while PCR and OHT expansions are on track.
The 25% profit decline despite revenue growth signals margin pressure from input costs and forex headwinds. However, the Rs 2,000 Crores capex approval and unchanged dividend indicate management confidence in long-term growth. The clean audit opinion and ongoing expansion plans provide stability despite near-term earnings weakness.