Balkrishna Industries Ltd. (BKT) reported a 15% quarter-on-quarter increase in sales volume for Q3 FY26. Despite ongoing geopolitical challenges, India remains a strong market. A third interim dividend of INR 4 per share was declared, adding to the INR 8 already paid. A new carbon black line was commissioned, increasing capacity to 265,000 metric tons per annum.
Financial Performance Highlights
Balkrishna Industries Ltd. (BKT) announced its Q3 & 9 Months FY26 results, showcasing strong performance in key areas:
- Q3 Volume: 80,620 metric tons, a 6% year-on-year growth.
- 9 Months Volume: 231,536 metric tons.
- Q3 Standalone Revenue: INR 2,682 crores, a 4% year-on-year growth, including INR 47 crores loss from forex.
- 9 Months Standalone Revenue: INR 7,762 crores, including INR 117 crores loss from forex.
- Q3 Standalone EBITDA: INR 605 crores, with a margin of 22.5%.
- 9 Months Standalone EBITDA: INR 1,760 crores, with a margin of 22.7%.
- Q3 Profit After Tax (PAT): INR 375 crores.
- 9 Months Profit After Tax (PAT): INR 927 crores.
Key Business Updates
The company provided key updates on its operations and market strategies:
- United States: Regaining sales momentum through strong product quality and brand positioning, while sharing the tariff impact with channel partners.
- India: Continues to outperform, supported by broad-based demand after GST reduction.
- Europe: EUDR norms implementation deferred by one year to January 1, 2027.
- Capex: Spent approximately INR 2,200 crores in the first 9 months of the fiscal year. An additional INR 300-400 crores is expected this fiscal year, with the balance in the next year.
- Carbon Black: Commissioned a new line, bringing total capacity to 265,000 metric tons per annum.
Dividend Announcement
The Board of Directors has declared a third interim dividend of INR 4 per equity share, in addition to the INR 8 already paid in the previous two quarters.
Strategic Initiatives
- Dedicated a state-of-the-art sports injury and rehab center at KEM Hospital in Mumbai.
- Became official partner with all five women’s IPL teams for the ’26 season.
Source: BSE
