Balkrishna Industries Q4 net profit falls 19%, OHT volumes rise 5%; declares dividend

Off-highway tyre maker Balkrishna Industries Ltd on Friday (May 8) reported an 18.8% year-on-year decline in net profit for the fourth quarter at ₹300 crore, compared with ₹369 crore in the corresponding period last year.

Revenue for the quarter increased 6.6% to ₹2,932.8 crore from ₹2,752.4 crore a year earlier.

EBITDA rose 4.3% year-on-year to ₹640 crore from ₹614 crore in the year-ago quarter. EBITDA margin stood at 21.8% for the quarter, compared with 22.3% in the corresponding period last year.

The company said its off-highway tyre (OHT) business contributed around 91% to overall revenue during FY26. OHT sales volumes for the year stood at 3,17,356 metric tonnes, up 1% year-on-year. In Q4FY26, OHT sales volumes increased 5% year-on-year to 85,820 metric tonnes.

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It reported a recovery in the second half of FY26 over the first half in Europe, improving traction in the Americas and sustained momentum in India. The carbon black business contributed around 9% to overall revenue during FY26. The company said specialty carbon black secured approvals for select grades across plastics, pressure pipes, power cables and inks.

On the capital expenditure front, the company is continuing with its expansion programme. It had announced ₹1,300 crore capex in August 2024 for OHT tyres and ₹3,500 crore capex in May 2025 for on-highway tyres, rubber tracks, carbon black and power plant projects.

The board has also approved an additional capex of ₹2,000 crore towards capacity expansion and infrastructure development across OHT and on-highway tyre categories, AI-enabled automation in the on-highway tyre category and sustainability initiatives.

Also Read: Balkrishna Industries Q2 net profit falls 21% YoY to ₹273 cr; Declares ₹4 interim dividend

The board recommended a final dividend of ₹4 per equity share of face value ₹2 each (200%) for FY26, subject to shareholder approval at the company’s 64th Annual General Meeting.

Shares of Balkrishna Industries Ltd ended at ₹2,263.25, up by ₹4.15, or 0.18%, on the BSE.