BKT H1FY27 investor presentation: Pirelli PCR partnership, OHT and carbon black expansion, margin compression
Q2FY27 revenue from operations Rs. 3,491 cr; EBITDA up 26% to Rs. 629 cr, PAT up 10% to Rs. 291 cr, EBITDA margin down to 18.2%.
By ScoutQuest · · 1 min read
- Q2FY27 revenue from operations
- Rs. 3,491 cr
- Q2FY27 EBITDA
- Rs. 629 cr (up 26%)
- Q2FY27 profit after tax
- Rs. 291 cr (up 10%)
- Period
- H1FY27 (with Q2FY27)
- Positioning
- The presentation calls BKT India's foremost exporter in the Off-Highway tire segment, selling to over 160 countries with more than 3,600 SKUs across agriculture, construction, mining and industrial applications.
📉 Q2FY27 revenue from operations was Rs. 3,491 cr against Rs. 2,389 cr a year earlier, on sales of 91,937 MT (up 31%), with EBITDA of Rs. 629 cr (up 26%) and profit after tax of Rs. 291 cr (up 10%). Margins moved the other way: EBITDA margin fell to 18.2% from 21.5% and PAT margin to 8.4% from 11.4%, so profit grew far slower than sales.
💰 For the half year the standalone accounts show revenue from operations of Rs. 6,935 cr, total income up 35% YoY to Rs. 6,859 cr, EBITDA up 15% to Rs. 1,332 cr and profit after tax up 31% to Rs. 723 cr. EBITDA margin for H1FY27 was 19.4%, down 332 bps YoY, and the two interim dividends together came to Rs. 8 per equity share.
💰 The investment phase shows in the balance sheet: capital work-in-progress rose to Rs. 3,741 cr at Sep'26 from Rs. 2,472 cr at Mar'26 and current borrowings to Rs. 4,370 cr from Rs. 3,161 cr, taking total assets to Rs. 20,579 cr on a standalone basis.
🏭 Management states BKT will manufacture Pirelli-branded PCR tires at Bhuj from 2027, with supplies reaching 800,000 tires in 2030, and that ongoing capex plus de-bottlenecking will lift OHT capacity to 425,000 MTPA, which it says enables an 8% global market share, with 10% a longer-term strategic goal.
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More numbers
- Revenue from operations, Q2FY273,491 (Rs in Cr)
- EBITDA, Q2FY27629 (Rs in Cr)
- Profit after tax, Q2FY27291 (Rs in Cr)
- EBITDA margin, Q2FY2718.2%
- Revenue from operations, H1FY276,935 (Rs in Cr)
- Profit after tax, H1FY27723 (Rs in Cr)
- EBITDA margin, H1FY2719.4%
- Tire sales volume, H1FY27185,167 MT
- Dividend per equity share, H1FY27Rs. 8 per equity share
- Current borrowings, Sep'264,370 (Rs. Cr.)
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