Balkrishna Inds

Q1 FY27Auto Components

Balkrishna Inds Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹2,370

Market cap₹45.4K Cr

P/E32.3

Published25 Aug 2026

What the Q1 FY27 call signalled

2 of 3 strong

RevenueRank 2

MarginRank 3

CapexYes

Not discussed on this call: fundraise, order book.

The short version

Balkrishna Industries Limited expects volume growth with margin discipline while scaling up the On-Highway (OHT) business. Management refrains from providing forward-looking statements or forecasts related to earnings, operating profits, or EPS. - They expect better flow-through from EBITDA to PAT as volumes in the On-Highway segment scale up steadily. - Growth momentum anticipated to sustain in key markets like the U.S.

From Balkrishna Inds's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Rank 2

Balkrishna Industries Limited expects volume growth with margin discipline while scaling up the On-Highway (OHT) business.
On-Highway segment revenue target: INR 5,000 crores by 2030.
The company foresees gradual ramp-up in On-Highway sales starting Q2 FY '27, with serious business growth from FY '28 onwards.
India business (including Off-Highway and On-Highway) expected to continue strong growth, supported by market share gains and new product segments.
Americas market expected to grow back to historical revenue share of around 15%-16%, driven by brand positioning and quality products.
Europe market growth expected but impacted by weather and geopolitical uncertainties.
Overall, the company is confident about sustaining the 24% sales momentum seen recently, though no forward-looking statements on exact future numbers were given.
The current capex cycle nearing completion suggests increased free cash flow from FY '28 could support future growth.

Profitability & Margins

Management refrains from providing forward-looking statements or forecasts related to earnings, operating profits, or EPS.
They expect better flow-through from EBITDA to PAT as volumes in the On-Highway segment scale up steadily.
Growth momentum anticipated to sustain in key markets like the U.S. with a long runway given brand positioning and focus on high-quality products.
India business, especially On-Highway tires, targets INR5,000 crores revenue by 2030, signaling growth potential.
Margin in the Indian business is marginally lower compared to exports but improving.
Raw material cost inflation and geopolitical factors impact margins, with partial offset from price hikes.
Capex completion expected to improve free cash flow in the future, but no specific guidance provided.
Overall, focus is on volume growth, product strategy, and market share drive without giving explicit profit or EPS projections.

See what Balkrishna Inds said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

Ongoing capex plan includes INR3,000 crores worth of projects progressing as per schedule.
Completed a new Carbon Black facility in Bhuj, increasing capacity to 360,000 MTPA with an INR800 crores outlay.
Increased captive power capacity at Bhuj from 40 MW to 64 MW at INR125 crores.
Total capex planned until 2030 is INR6,800 crores; INR3,800 crores already spent, with approximately INR3,000 crores remaining.
For FY '27, capex spend is estimated between INR1,500 crores to INR2,000 crores, with INR1,000 crores already spent in Q1.
Capex is expected to reduce post this year as the major cycle completes.

Fundraising & Capital Structure

There is no explicit mention of any current or planned new fundraising through debt or equity in the call.
Rajiv Poddar did not comment on future capital returns or funding when asked about free cash flow post the capex cycle ending around FY'28, stating such decisions are to be made by the Board.
The company is currently managing net debt of approximately INR1,725 crores with gross debt at INR4,690 crores and cash equivalents at INR2,965 crores as of June 30, 2026.
ongoing capex plans are largely funded with INR3,800 crores already spent out of an estimated INR6,800 crores total, with INR1,500-2,000 crores planned for FY '27.
No forward-looking statements were provided on fund raising.

See what Balkrishna Inds said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Rajiv Poddar refrained from giving forward-looking statements regarding order book momentum.
When asked if the current sales momentum could be sustained based on the order book, Rajiv Poddar declined to comment.
The company typically does not disclose forward-looking or order book details publicly.
The cautious approach suggests no explicit information on current or expected pending orders was shared during the call.

How does Balkrishna Inds rank vs peers in Auto Components?

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Balkrishna Inds — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹2.9K Cr, net profit ₹299 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Balkrishna Inds's management said in earlier quarters

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Frequently Asked Questions

What were Balkrishna Inds Q1 FY27 results?

What is Balkrishna Inds share price analysis?

Balkrishna Inds currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 32.3 with a market cap of ₹45,445 Cr. Investors should review the full earnings analysis for detailed insights.

Is Balkrishna Inds planning capital expenditure?

Ongoing capex plan includes INR3,000 crores worth of projects progressing as per schedule.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.