Shares of Balkrishna Industries declined over 3% to trade at Rs 2,198.50 on Monday, compared to the previous close of Rs 2,279.80. The stock opened lower as the tyre manufacturer posted its second-quarter earnings for FY26, reporting a 21.3% year-on-year drop in net profit to Rs 273 crore, down from Rs 347 crore a year ago.
Revenue for the quarter fell 1.1% to Rs 2,393 crore from Rs 2,419 crore in the same period last year, while EBITDA slipped 11.7% to Rs 511.6 crore versus Rs 579.4 crore previously. The company’s operating margin narrowed to 21.4%, compared to 24% in the corresponding quarter last year, signalling margin pressure during the period.
The board also approved a second interim dividend of Rs 4 per equity share (200%) for FY26. The dividend will be paid within 30 days of declaration to shareholders whose names appear on the register as of November 7, 2025. The company stated that all ongoing capital expenditure plans remain on track as per schedule.
Shares of Balkrishna Industries have touched a 52-week range between Rs 2,152.05 and Rs 2,928 on the NSE.
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