Balkrishna Industries Limited (BIL) has released the transcript of its conference call with investors and analysts held on January 29, 2026, to discuss the Q3 and 9 Months FY26 results. The company reported a sequential improvement in performance despite geopolitical and macroeconomic challenges, including U.S. tariffs. Overall sales volume increased by approximately 15% quarter-on-quarter. The U.S. market showed some recovery due to product quality and brand positioning, with a shared tariff impact with channel partners. India continues to be a strong performer, with positive momentum sustained from Q2 post-GST reduction, driven by broad-based demand. The EUDR norms implementation in Europe has been deferred by one year to January 1, 2027. Key highlights include the dedication of a sports injury and rehab center at KEM Hospital, Mumbai, and recognition at Tata Memorial Hospital for cancer care support. BIL also achieved an S&P Global Corporate Sustainability Assessment score of 58, positioning it among leading tire manufacturers in sustainability. In sports, BKT Tires is the official partner for all five women's IPL franchises for the '26 season. Operationally, for Q3 FY26, volumes stood at 80,620 metric tons, a 6% year-on-year growth. Standalone revenue was ₹2,682 crore, a 4% year-on-year growth, with EBITDA at ₹605 crore (22.5% margin). Profit after tax for the quarter was ₹375 crore. For 9 months FY26, standalone revenue was ₹7,762 crore, and PAT was ₹927 crore. Capex spend for 9 months FY26 was approximately ₹2,200 crore. As of December 31, 2025, net debt was ₹637 crore (Gross Debt: ₹3,649 crore, Cash: ₹3,012 crore). The Board of Directors declared a third interim dividend of ₹4 per equity share, in addition to the ₹8 already paid.
