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Balkrishna Industries Limited Q2 FY26 earnings call summary

NSE: BALKRISIND · BSE: 502355

Earnings call of 1 Nov 2025, summarised by AI from the filing.

Balkrishna Industries Q2 FY26 revenue ₹2,360 cr, EBITDA margin 21.5%, hit by 50% U.S. tariffs; FY26 capex guided at ₹2,000-2,200 cr.

Key takeaways

  1. Capex guidance FY26 capex seen at ₹2,000-2,200 cr, including maintenance capex, with balance in next 2 years.
  2. U.S. tariffs 50% U.S. import duty severely impacted sales; management not selling to U.S. at current tariffs.
  3. Growth driver India market expansion and GST cut expected to stimulate demand, with agri market share over 20%.
  4. Main risk EUDR raw material inventory build raises costs, with full impact expected next quarter.

Original filing on BSE

Balkrishna Industries Limited Q1 FY27 results

As filed: Revenue ₹3,455 cr (+25% year on year), EBITDA ₹744 cr (+47% year on year), PAT ₹451 cr (+57% year on year), EBITDA margin 21.5% (+321 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹2,933 cr (+7% year on year), EBITDA ₹640 cr (+4% year on year), PAT ₹299 cr (−19% year on year), EBITDA margin 21.8% (−49 bps). Score 43 of 100, In line with trend. Revenue and EBITDA growth were in line with the company's own trend; profit growth was below it. EBITDA margin fell 49 bps year on year. Profit fell 22% from last quarter. Share price after the results: −5.3% in 28 days (Nifty 500: −2.8%).
  • Q3 FY26: Revenue ₹2,737 cr (+7% year on year), EBITDA ₹643 cr (+7% year on year), PAT ₹382 cr (−15% year on year), EBITDA margin 23.5% (−2 bps). Score 47 of 100, In line with trend. Revenue and EBITDA growth were in line with the company's own trend; profit growth was below it. EBITDA margin was flat year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: −1.1% in 29 days (Nifty 500: +0.4%).
  • Q2 FY26: Revenue ₹2,393 cr (−1% year on year), EBITDA ₹512 cr (−12% year on year), PAT ₹273 cr (−21% year on year), EBITDA margin 21.4% (−253 bps). Score 28 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 253 bps year on year. Revenue fell 13% from last quarter. Share price after the results: +1.3% in 28 days (Nifty 500: +0.9%).
  • Q1 FY26: Revenue ₹2,760 cr (+2% year on year), EBITDA ₹506 cr (−24% year on year), PAT ₹288 cr (−41% year on year), EBITDA margin 18.3% (−609 bps). Score 13 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 609 bps year on year. Other income 27% of PBT. Profit fell 22% from last quarter. Share price after the results: −11.9% in 30 days (Nifty 500: +0.2%).
  • Q4 FY25: Revenue ₹2,752 cr (+3% year on year), EBITDA ₹614 cr (−10% year on year), PAT ₹369 cr (−24% year on year), EBITDA margin 22.3% (−308 bps). Score 20 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 308 bps year on year. Profit fell 18% from last quarter. Share price after the results: −9.8% in 30 days (Nifty 500: +1.0%).
  • Q3 FY25: Revenue ₹2,560 cr (+13% year on year), EBITDA ₹602 cr (+11% year on year), PAT ₹449 cr (+47% year on year), EBITDA margin 23.5% (−23 bps). Score 30 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 23 bps year on year. Other income 31% of PBT.
  • Q2 FY25: Revenue ₹2,420 cr (+7% year on year), EBITDA ₹579 cr (+9% year on year), PAT ₹347 cr (0% year on year), EBITDA margin 23.9% (+27 bps). Score 42 of 100, In line with trend. EBITDA margin rose 27 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 11% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Balkrishna Industries Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.