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Balkrishna Industries Raises ₹550 Cr via NCDs
18 Aug
Summary
- Balkrishna Industries approved raising ₹550 crore via non-convertible debentures.
- The company's Finance Committee approved the issuance of 55,000 NCDs.
- The company reported a 24% revenue jump in the June quarter.
Balkrishna Industries Ltd. announced on Tuesday, August 18, 2026, its approval to raise up to ₹550 crore through non-convertible debentures (NCDs) via private placement. The company's Finance Committee has sanctioned the issuance and allotment of 55,000 NCDs, each with a face value of ₹1 lakh, totaling ₹550 crore.
These NCDs are described as rated, listed, senior, unsecured, redeemable, non-cumulative, and non-convertible. They will be offered to eligible investors in multiple tranches and listed on BSE Limited. Specific details regarding tenure, allotment and maturity dates, and interest rates will be disclosed at the time of allotment.
In its first-quarter results, Balkrishna Industries demonstrated robust performance. Volumes increased by 16% year-on-year, surpassing the management's guidance. This strong volume growth contributed to a 24% surge in revenue, reaching ₹3,409 crore from ₹2,759 crore in the prior year.
Operating margins were generally in line with expectations, though they moderated slightly compared to the previous year. EBITDA rose to ₹703 crore from ₹656 crore, while the EBITDA margin narrowed to 20.6% from 23.8%. The Off-Highway Tyres (OHT) business accounted for 90% of total volumes.
