BALKRISIND Balkrishna Industries Q2 FY26 results (Jul–Sep 2025) and concall
Balkrishna Industries reported a challenging Q2 FY26 with a 4% YoY volume de-growth and a 21.5% EBITDA margin, primarily due to intensified US import duties and a shift in geographic mix. Despite these headwinds, the company maintains a positive long-term outlook, driven by its INR23,000 crore revenue target by 2030, strong domestic market share, and ongoing investments in new product development and capacity expansion. Management expressed cautious optimism for easing global trade conditions and continued focus on derisking strategies.
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What they filed
Q2 FY26: revenue down 1.1%, net profit down 21.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 2,420 | 2,560 | 2,752 | 2,760 | 2,393 −1% |
| EBITDA | 580 | 601 | 614 | 506 | 511 −12% |
| Net profit | 347 | 449 | 369 | 288 | 273 −21% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
