Balkrishna Industries Limited has reported its financial performance for the fiscal year 2026, recording a revenue of ₹10,656 crore, which reflects a flat growth compared to the previous year. Despite the stagnant revenue, the company experienced a 1% year-over-year increase in OHT sales volume, reaching 3,17,356 MT.
The company’s EBITDA for FY26 stood at ₹2,423 crore, marking a 10% decline from the previous year. Consequently, the EBITDA margin contracted by 252 basis points to 22.7%. Net profit also saw a significant decrease, falling by 25% year-over-year to ₹1,222 crore.
In the fourth quarter of FY26, Balkrishna Industries achieved a revenue of ₹2,894 crore, a 2% increase from the same period last year. The OHT sales volume for the quarter was 85,820 MT, representing a 5% year-over-year growth. However, the EBITDA for Q4FY26 decreased by 6% to ₹663 crore, with the EBITDA margin narrowing by 187 basis points to 22.9%. Net profit for the quarter fell by 19% to ₹295 crore.
The company has announced a total dividend of ₹16 per equity share for FY26, which includes three interim dividends and a final dividend, subject to shareholder approval at the upcoming Annual General Meeting. For Q4FY26, a final dividend of ₹4 per equity share has been recommended.
Balkrishna Industries also provided updates on its capital expenditure plans. The ongoing capex programme includes ₹1,300 crore for OHT tyres announced in August 2024 and ₹3,500 crore for on-highway tyres, rubber tracks, carbon black, and power plant announced in May 2025. Additionally, the Board of Directors has approved an extra capex of ₹2,000 crore to support capacity expansion, infrastructure development, AI-enabled automation, and sustainability initiatives.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).