Balkrishna Industries has approved the issuance and allotment of 55,000 non-convertible debentures aggregating up to ₹550 crore. According to reports from CNBC TV18, the Finance Committee approved the NCDs on Tuesday (August 18), each with a face value of ₹1 lakh. The rated, listed, senior, unsecured and redeemable debentures will be issued to eligible investors through private placement in multiple tranches. The debentures will be rated, listed, senior, unsecured, redeemable, non-cumulative and non-convertible, and will be listed on BSE Limited.
As reported by CNBC TV18, the NCDs will be listed on BSE Limited and carry specific terms including tenure, allotment date, maturity date, coupon or interest rate, and payment schedule. No charge or security will be created over the company's assets in connection with the issue, and details of redemption will be disclosed at the time of allotment. The issue will be within the current borrowing limits applicable to the company under Section 180(1)(c) of the Companies Act, 2013. The Board of Directors had delegated powers to the Finance Committee on July 29, 2026, including the authority to decide the terms and conditions of the NCD issue and related matters.
According to CNBC TV18, the company outperformed peers on the back of healthy demand, with volumes rising 16% year-on-year, ahead of management's guidance of a 10-12% increase. Strong volume growth helped drive a 24% jump in revenue during the quarter, while operating margins came in broadly in line with expectations despite moderating from a year ago. For the June quarter, revenue rose 24% to ₹3,409 crore from ₹2,759 crore a year earlier, with EBITDA increasing 7% to ₹703 crore from ₹656 crore. EBITDA margin narrowed to 20.6% from 23.8% compared to the previous year, reflecting the impact of volume growth on profitability metrics.
As reported by CNBC TV18, the Off-Highway Tyres (OHT) business contributed 90% of total volumes during the quarter, while the carbon black segment accounted for the remaining 10%. The company also reiterated its long-term ambition of achieving 2.2x revenue growth by 2030. EBITDA margin narrowed to 20.6% from 23.8% compared to the previous year, reflecting the impact of volume growth on profitability metrics.
According to CNBC TV18, shares of Balkrishna Industries Ltd ended at ₹2,385.00, down by ₹24.20, or 1.00%, on the BSE following the announcement. The Board of Directors had delegated powers to the Finance Committee on July 29, 2026, including the authority to decide the terms and conditions of the NCD issue and related matters.
