Balkrishna Industries’ shares slipped as much as 10% in Monday’s trading session after the company announced a weak set of numbers for the financial year ended March 2025.
At around 12.42 PM, Balkrishna Industries was trading 6% lower at ₹2,500.60 per piece, against the previous close of ₹2,660.20.
The counter plunged to an intraday low of ₹2,383 on NSE today.
The business posted a sharp decline of 25% on a year-on-year basis in its net profit for the quarter ended March 2025.
The business also announced aggressive plans to diversify into competitive tyre segments via hefty capital expenditure.
The business reported a net profit of ₹362 Crore in the quarter under review. On the other hand, the business logged a revenue growth of 5% on a year-on-year basis to ₹2,838 Crore.
For the financial year, the company posted a 13% growth in net profit at ₹1,628 Crore. The revenue for the full financial year was reported at ₹10,615 Crore.
Balkrishna Industries is looking forward to expanding its capacity to 4.25 Lakh Tonnes per annum via ongoing de-bottlenecking and a new 35,000 tonne facility at Bhuj. This facility is expected to be operational by FY26 end.
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