Balkrishna Industries Limited held a meeting of its Board of Directors on Friday, May 8, 2026, to approve the audited financial results for the quarter and the full financial year ended March 31, 2026. The company reported a consolidated revenue from operations of ₹10,823.08 crore for the full fiscal year, compared to ₹10,446.95 crore in the previous year.
Alongside these results, the Board recommended a final dividend of ₹4 per equity share, which is 200% on the face value of ₹2 per share. This recommendation is subject to the approval of shareholders at the upcoming 64th Annual General Meeting.
Quarterly Performance and Comparative Analysis
In the fourth quarter ended March 31, 2026, the company achieved a consolidated revenue from operations of ₹2,932.82 crore. When compared to the previous quarter ended December 31, 2025, which saw revenues of ₹2,736.79 crore, this represents an absolute Quarter-on-Quarter increase of ₹196.03 crore, or 7.16%. On a Year-on-Year basis, the revenue of ₹2,932.82 crore rose by ₹180.44 crore from the ₹2,752.38 crore reported in the same quarter of the previous year, marking a 6.56% increase.
The consolidated profit for the period in the fourth quarter stood at ₹299.46 crore. This is a decrease of ₹82.69 crore, or 21.64%, from the ₹382.15 crore earned in the preceding quarter. Compared to the ₹368.55 crore profit in the quarter ended March 31, 2025, the current profit shows a Year-on-Year decline of ₹69.09 crore, or 18.75%.
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Full Year Financial Review
For the entire financial year ended March 31, 2026, Balkrishna Industries reported a consolidated profit of ₹1,243.10 crore. This represents a decrease of ₹411.86 crore, or 24.89%, compared to the ₹1,654.96 crore profit recorded in the previous financial year. The total income for the year was ₹10,985.74 crore, a slight decrease of ₹89.17 crore from the ₹11,074.91 crore reported in the prior fiscal year, representing a decline of 0.81%. Total expenses for the year were ₹8,798.35 crore, down from ₹9,431.23 crore in the previous year, an absolute decrease of ₹632.88 crore or 6.71%.
Operational Updates and Capacity Expansion
The company provided updates on its ongoing capital projects, noting that its carbon black capacity expansion is expected to reach completion in the first quarter of the 2026-27 financial year. Projects involving Passenger Car Radial Tyres and additional Off-Highway Tyres facilities are currently progressing according to their original schedules. To further support infrastructure development and capacity across On-Road and Off-Road tyre categories, as well as AI-enabled automation and sustainability initiatives, the Board has approved an additional capital expenditure of ₹2,000 crore.
Board Decisions and Corporate Governance
The Board approved the re-appointment of Vipul Shah as a Whole Time Director, designated as Director and Company Secretary, for a five-year term starting February 11, 2027. Additionally, the Board approved the appointment of Deloitte Haskins & Sells LLP as a Joint Statutory Auditor for a period of five consecutive years, beginning from the conclusion of the 64th Annual General Meeting. During the final quarter of the year, the company issued 75,000 listed unsecured non-convertible debentures with a face value of ₹1 lakh each, aggregating to ₹750 crore on a private placement basis.
Company Background
Balkrishna Industries Limited, widely known by its brand BKT, operates in the tyre industry within the auto components sector. Established in 1961, the company specializes in the manufacture of Off-Highway Tyres used in segments such as agriculture, industry, mining, and earthmoving. Balkrishna Industries Limited is a large-scale global player with its equity shares listed on the BSE Limited and the National Stock Exchange of India Limited.
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