Balkrishna Industries

“Having completed all capex, we are firmly increasing our customer base.”

“This strategic tie-up not only fills our capacity but also strongly establishes our position as a commendable player in the Indian premium PCR market.”

“So, we are working towards getting that new capacity fully utilized. The old capacity was completely utilized.”

“comparable as last year Q2 was marred by very low sales from U.S. owing to Tariff situation.”

“One of the emerging growth levers for us in the OHT segment is the positive response from our end markets for the All-Steel Radial mining - range of tires.”

“with third-party sales at around 10% of overall business. We are seeing robust demand for our range of products.”

“Our TBR and 2-wheeler range of tires has gained strong acceptance from both the channel as well as the end users, ensuring that we have a steep ramp-up of both production and sales.”

“it is a low single-digit volume. Of course, we expect this to continue to grow”

“In Europe, we faced challenges due to extreme weather conditions and its related pressures on the agricultural market.”

“We have seen positive trends across all micro markets in India despite erratic monsoons.”

“In Americas, we witnessed stable sales. We are focusing on sharper execution to further increase our market share in this larger geography.”

“There is definitely headwinds, and the situation is a little difficult, but we are trying to find our way through it, and we are confident to continue to see positive growth.”

“So the channel, the inventory is at normal levels, so that is what it is.”

“However, we could not fully pass through the cost price inflation.”

“The profitability was impacted due to the headwinds caused by inflation in raw materials and freight costs.”

“Similarly, in the Carbon Black business, we have continued to see raw material volatility led by higher crude prices.”

“The standalone EBITDA for the quarter was at INR 629 crores with margin of 18.24%.”

“Further, India's contribution has increased to about 40% of overall volumes, which has also impacted margin slightly.”

“As on September 30, 2026, the gross debt and cash and cash equivalents were approximately INR 5,985 crores and INR 3,100 crores respectively. Accordingly, we have a net debt of approximately INR 2,887 crores.”

“the gross debt and cash and cash equivalents were approximately INR 5,985 crores and INR 3,100 crores respectively.”

“So on the working capital increase, this is in line with our revenue increase for H1, which is 35%, close to INR 1,800 crores.”

“and we hope that once the supply chain disruption settle down, inventory level will also further come down.”

“have preponed the capex investment for a couple of quarters to speed up the project completion,”

“we look forward to gradually ramping up the sales volume to 8 lakh tires - in year four, that is year 2030.”

“in Phase 1, the production and sales is expected to start in the next calendar year”

“we are looking forward to the launch of PCR tires in the month of January '27.”

“The Board of Directors has recommended a second interim dividend of INR 4 per equity share”

“This includes realized loss on foreign exchange pertaining to sales of INR 41 crores.”

“Going forward, we believe these headwinds will continue in the coming few quarters.”

“Also, just to add into that, we were also building up for the EUDR regulation, which kicks in.”

“For H1, tire sales volume stood at 185,167 metric tons.”

“Our standalone revenue for the quarter stood at INR3,450 crores, registering a growth of 49% year-on-year.”

“For H1, standalone revenue stood at INR 6,859 crores”

“Profit after tax stood for the quarter was recorded at INR 291 crores”

“And for marketing and better branding purposes, we have done this sort of a breakup.”