Balkrishna Industries Ltd (BKT), a leading tyre manufacturer, reported a remarkable 47% increase in net profit for the third quarter of the fiscal year 2024-25, reaching ₹449.5 crore, up from ₹305.4 crore in the same period last year. This strong growth was driven by solid demand in key markets despite ongoing macroeconomic challenges.
For Q3, the company’s revenue rose by 12.6% year-on-year, totaling ₹2,560.3 crore, compared to ₹2,274.4 crore in Q3 FY23. The revenue boost was fueled by continued success in both domestic and international markets, particularly in BKT’s core segments, including radial tyres for agricultural, industrial, and construction vehicles.
EBITDA for the quarter also grew by 11.1% to ₹600.7 crore, up from ₹540.6 crore last year. However, the EBITDA margin slightly decreased to 23.5% from 23.9% due to rising raw material costs and inflationary pressures. Additionally, the company announced an interim dividend of ₹4 per share
Balkrishna Industries Ltd (BKT) is a leading global manufacturer of off-highway tires, serving a diverse range of industries including agriculture, construction, mining, and industrial sectors. Founded in 1987, the company has grown to become one of the most prominent names in the tire industry, with a strong international presence.
BKT manufactures a wide array of products, including radial tires, bias tires, and specialty tires that cater to the unique demands of off-road vehicles. With state-of-the-art manufacturing facilities in India and a robust distribution network across over 130 countries, BKT continues to innovate and expand its footprint in the global market.
In its pursuit of excellence, Balkrishna Industries emphasizes research and development to provide high-quality products that meet the evolving needs of its customers. The company is committed to sustainability and environmental responsibility, investing in eco-friendly production methods and reducing its carbon footprint.
Over the years, BKT has built a solid reputation for reliability and performance, becoming a preferred partner for businesses in diverse industries. With a forward-looking approach and a focus on technological advancements, Balkrishna Industries is poised for continued growth and success in the global tire market.
