Balkrishna Industries Limited — Important, 25-01-2025: Updates

**Performance Snapshot – Q3FY25**

Balkrishna Industries Limited reported a sales volume of 76,343 MT, up 5% YoY. Revenue increased by 11% YoY to Rs. 2,571 Cr. EBITDA rose 9% YoY to Rs. 639 Cr, with an EBITDA margin of 24.85%, reflecting a slight 52 basis points dip YoY. Net profit climbed 42% YoY to Rs. 439 Cr, translating to Rs. 4 per equity share in dividends.

**Performance Snapshot – 9MFY25**

For the nine months ending December, sales volume reached 233,211 MT, up 11% YoY. Revenue grew 16% YoY to Rs. 7,778 Cr, while EBITDA surged 22% YoY to Rs. 1,979 Cr. The EBITDA margin improved by 115 basis points YoY to 25.44%. Net profit increased by 32% YoY to Rs. 1,266 Cr, with Rs. 12 per equity share in dividends paid out.

**Investor Implications**

Balkrishna Industries continues to showcase strong growth in both volume and revenues amid a resilient business model. As it maintains its position as a leading player in the global Off-Highway Tire market, investors should adopt a positive outlook, particularly given the company's strong market presence and diversified product offering. The growth in revenue and profit figures indicates solid operational performance, setting the stage for continued expansion in the sector.