| Management target | Revenue 20.0% 2030 |
|---|
| Revenue growth | Standalone revenue ₹3,450 Cr, up 49% YoY. |
|---|---|
| Margins | EBITDA margin at 18.24%, hit by inflation and freight. |
| Demand visibility | Positive trends in India; stable in Americas; weather-related pressure in Europe. |
| Management confidence | Balanced, acknowledging significant cost headwinds despite strong volumes. |
Growth
Standalone revenue grew 49% YoY to ₹3,450 Cr, driven by volume growth across OHT and Carbon Black.
Outlook
Management targets 5% market share and 20% turnover contribution from the on-road segment by 2030.
Risks
Persistent raw material inflation and high sea freight costs are expected to impact margins for several quarters.
Last quarter's promises, checked
Delivered
- Phase II Carbon Black 360,000 MTPA → commissioned Q1 (= BEAT)
Partly delivered
- ₹1,500-2,000 Cr more FY27 capex → H1 capex ₹1,850 Cr, FY total pending (= PARTIAL)
- Gradual On-Highway ramp-up from Q2 → no on-road revenue disclosed (= PARTIAL)
- Americas growth momentum to sustain → Americas described as stable (= PARTIAL)
Missed
- Full pass-through of ~5% price hike in Q2 → hikes 2-3%, costs not fully passed on (= MISS)
- ~2% margin hit from RM inflation → EBITDA margin 20.61% to 18.24% (= MISS)
- Better EBITDA-to-PAT flow-through → PAT ₹432 Cr to ₹291 Cr (= MISS)
Earnings Call Transcript filed with NSE, NSE: BALKRISIND. Summary written with AI assistance from the document.
Balkrishna Industries Ltd: key numbers
- Share price
- ₹2,400.00
- Market cap
- ₹46,396 Cr
- Revenue (annual)
- ₹10,823 Cr
- Net profit (annual)
- ₹1,243 Cr
- P/E (TTM)
- 32.6×Sector 31.6×
- Promoter holding
- 58.29%+0.00% QoQ
- FII holding
- 9.06%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Balkrishna Industries Ltd
All →Balkrishna Industries Investor Presentation: Key Takeaways
Q2FY27 revenue Rs 3,450 cr (+49% YoY), PAT Rs 291 cr (+10%), EBITDA margin 18.2% (-329 bps). H1 revenue Rs 6,859 cr (+35%). Targets 2.2x revenue by FY30.
- Call
- Guides 17% growth
Balkrishna Industries Dividend
Balkrishna Industries declared Rs 4 per share interim dividend on 4 November 2026. Record date is 11 November 2026, with payment by 3 December 2026.
Balkrishna Industries Q2 FY27 Results: Net Profit ₹292.6 Cr, Up 7.1% YoY
Balkrishna Industries Ltd reported revenue from operations of ₹3,472 Cr (+45.1% YoY) and net profit of ₹292.6 Cr (+7.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹292.6 Cr · +7.1% YoY
Balkrishna Industries Board Meeting Date
Balkrishna Industries' board meets November 4, 2026 to consider half-year results and a possible second interim dividend. Dividend record date, if declared, is November 11, 2026.
Balkrishna Industries Partnership
Balkrishna Industries signed a framework, offtake and service agreement with Pirelli Tyre for a future 50:50 joint venture to manufacture passenger car radial tyres in India. No monetary value is disclosed.
Balkrishna Industries Other Announcement
Balkrishna Industries Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026. This is a periodic regulatory disclosure of shareholding distribution.