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Balkrishna Industries (502355) investor relations material
Balkrishna Industries Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2FY26 and H1FY26 sales volumes declined 4% year-over-year, mainly due to U.S. tariff headwinds and softer global demand.
Strategic focus on strengthening positions in India and Europe, with incremental growth targeted in other global markets.
Received Caterpillar Excellence Level Award for the fourth consecutive year and British Safety Council honors for the Bhuj plant.
Unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2025 were approved by the Board on 31st October 2025.
Interim dividend of Rs. 4 per share declared for Q2 FY26, totaling Rs. 8 per share for H1 FY26.
Financial highlights
Q2FY26 standalone revenue was INR 2,360 crore, down 6% YoY; consolidated revenue was Rs. 2,760.02 crores, up from Rs. 2,419.74 crores YoY.
Q2FY26 standalone net profit was INR 256 crore; consolidated net profit was Rs. 357.30 crores.
H1FY26 standalone revenue was INR 5,079 crore, with a marginal YoY decline; H1FY26 net profit was INR 552 crore.
Q2FY26 standalone EBITDA was INR 500 crore (21.5% margin); H1FY26 EBITDA was INR 1,155 crore (22.7% margin).
Capex for H1FY26 was approximately INR 1,737 crore; full-year capex expected at INR 2,000–2,200 crore.
Outlook and guidance
Targeting revenue of INR 23,000 crore by FY30, with a 17% CAGR and 2.2x growth.
Expects blended margins post full commercialization in the 23–25% range.
Capex for FY26 expected to be INR 2,000–2,200 crore, with remaining capex from the INR 35 billion plan to be spent over the next two years.
No specific volume growth guidance due to global volatility.
Capital expenditures previously announced are expected to be completed as scheduled.
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