Balkrishna Industries502355Quarterly results
Board approves Q2 results, declares 2nd interim dividend of Rs. 4 per share
Board approved unaudited standalone and consolidated results for the quarter and half year ended 30th September 2026; the joint statutory auditors' review reports carry an unmodified conclusion.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 3471.74 | 2393.45 | +45.1% | 3455.27 | +0.5% |
| Total income | 3515.26 | 2464.65 | +42.6% | 3554.94 | −1.1% |
| Profit before tax | 389.36 | 357.30 | +9% | 601.05 | −35.2% |
| Profit after tax | 292.62 | 273.19 | +7.1% | 450.77 | −35.1% |
| Total comprehensive income | 234.97 | 133.31 | +76.3% | 628.55 | −62.6% |
| Basic EPS | 15.13 | 14.13 | +7.1% | 23.32 | −35.1% |
- Profit after tax QoQ change
- −35.1%
- Period
- QUARTER ENDED 30-09-2026
Also decided at the meeting
- Declared 2nd interim dividend of Rs. 4/- per equity share (200%) of face value Rs. 2/- each for FY 2026-27; record date 11th November, 2026; cash outflow Rs.77.32 crores.
Auditor's review
Conclusion: Unmodified
- Other matter: consolidated results include 5 subsidiaries reviewed by other auditors (total revenues Rs. 265.96 crore for the quarter); conclusion not modified.
- Comparative period results were reviewed/audited by one of the joint auditors who expressed unmodified conclusion/opinion; conclusion not modified.
Notes to the results
- The Company has only one reportable business segment as per Ind AS-108, i.e. Tires.
- During the quarter the Company issued 55,000 listed unsecured NCDs of face value Rs 1 Lakh each amounting to Rs 550 Crores on private placement basis.
- Commercial paper of face value Rs. 200 Crores outstanding as at 30th September, 2026; CRISIL rating A1+.
What the board decided
- Approved the unaudited financial results, standalone and consolidated, for the quarter and half year ended 30th September 2026.
- Declared a 2nd interim dividend of Rs. 4/- per equity share (200%) on equity shares of Rs. 2/- each for the financial year 2026-27.
- The dividend is payable to shareholders on the Record Date of 11th November 2026, credited or dispatched within 30 days of the declaration.
- The cash outflow on account of this interim dividend is stated at Rs. 77.32 crores.
The numbers: standalone
- 'Revenue from operations' for the quarter was Rs. 3490.53 crores, against Rs. 2388.65 crores in the same quarter a year earlier. 'Total income' was Rs. 3533.95 crores.
- 'Profit before tax' was Rs. 387.61 crores and 'Profit for the period' Rs. 291.13 crores, against Rs. 347.17 crores and Rs. 264.61 crores respectively a year earlier.
- For the half year, 'Revenue from operations' was Rs. 6935.23 crores and 'Profit for the period' Rs. 723.23 crores.
- Basic and diluted EPS was Rs. 15.06 for the quarter and Rs. 37.41 for the half year.
The numbers: consolidated
- 'Revenue from operations' for the quarter was Rs. 3471.74 crores, against Rs. 2393.45 crores a year earlier; 'Total income' Rs. 3515.26 crores.
- 'Profit before tax' was Rs. 389.36 crores and 'Profit for the period' Rs. 292.62 crores, against Rs. 357.30 crores and Rs. 273.19 crores a year earlier.
- For the half year, 'Revenue from operations' was Rs. 6927.01 crores and 'Profit for the period' Rs. 743.39 crores.
- Basic and diluted EPS was Rs. 15.13 for the quarter and Rs. 38.45 for the half year.
Margin and balance sheet indicators
- Operating margin was 11.77% standalone and 11.91% consolidated for the quarter; net profit margin 8.24% and 8.32%.
- Net worth was Rs. 11,665.48 crores standalone and Rs. 11,664.17 crores consolidated as at 30th September 2026.
- The debt-equity ratio stood at 0.51 times standalone and 0.52 times consolidated.
- Cash and cash equivalents at the end of the half year were Rs. 52.70 crores standalone and Rs. 102.96 crores consolidated.
Borrowings during the quarter
- The company issued 55,000 unsecured non-convertible debentures of face value of Rs 1 Lakh each, amounting to Rs 550 Crores, on a private placement basis during the quarter ended 30th September 2026.
- Commercial paper of face value Rs. 200 Crores was outstanding and not due for repayment as at 30th September 2026; the credit rating assigned to the commercial paper by CRISIL is A1+.
Auditor's review
- The statutory auditors, Deloitte Haskins & Sells LLP and Jayantilal Thakkar & Co., carried out a limited review of both the standalone and consolidated results.
- Their conclusion is unmodified, and they state that nothing has come to their attention that causes them to believe the statements contain any material misstatement.
- The consolidated statement includes 5 subsidiaries: BKT Europe S.R.L., BKT USA Inc., BKT Tires Inc., BKT Tires (Canada) Inc. and BKT Netherlands B.V.
- These subsidiaries reflect total assets of Rs. 566.90 crores, total revenues of Rs. 265.96 crore for the quarter and Rs. 516.59 crore for the half year, and total net profit after tax of Rs. 0.88 crore and Rs. 1.80 crore respectively.
Other points to note
- The company has one reportable business segment, Tires.
- Capital expenditures previously announced by the company are expected to be completed as per schedule within the approved budget.
₹743.39 CrConsolidated half year Profit for the period (Rs. in Crores
Profit after tax, quarter450.77 (Rs. in Crores)
Profit after tax, latest quarter292.62 (Rs. in Crores)
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More numbers
- 2nd interim dividend per equity shareRs. 4/-
- Interim dividend as percentage of face value200%
- Cash outflow on interim dividendRs. 77.32 crores
- Standalone Q2 Revenue from operations (Rs. in Crores)3490.53
- Standalone Q2 Profit for the period (Rs. in Crores)291.13
- Consolidated half year Profit for the period (Rs. in Crores)743.39
- Unsecured NCDs issued on private placement basisRs 550 Crores
- Total income, latest quarter3515.26 (Rs. in Crores)
- Total income, year-ago quarter2464.65 (Rs. in Crores)
- Total income, previous quarter3554.94 (Rs. in Crores)
- Total comprehensive income, latest quarter234.97 (Rs. in Crores)
- Total comprehensive income, year-ago quarter133.31 (Rs. in Crores)
- Total comprehensive income, previous quarter628.55 (Rs. in Crores)
- Profit after tax, latest quarter292.62 (Rs. in Crores)
- Profit after tax, year-ago quarter273.19 (Rs. in Crores)
- Profit after tax, previous quarter450.77 (Rs. in Crores)
- Revenue from operations, latest quarter3471.74 (Rs. in Crores)
- Revenue from operations, year-ago quarter2393.45 (Rs. in Crores)
- Revenue from operations, previous quarter3455.27 (Rs. in Crores)
- Profit before tax, latest quarter389.36 (Rs. in Crores)
- Profit before tax, year-ago quarter357.30 (Rs. in Crores)
- Profit before tax, previous quarter601.05 (Rs. in Crores)
Source: BSE · 4 Nov 2026
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