Balkrishna Industries Ltd (BKT) has released its FY2024–25 Annual Report, confirming solid financial performance, new investment in production capacity, and an expanded sustainability agenda. The announcement comes ahead of the company’s 63rd Annual General Meeting scheduled for 26 July 2025.
For the year ending 31 March 2025, BKT posted consolidated revenue of ₹10,412.88 crore, representing 12% year-on-year growth. EBITDA stood at ₹2,955 crore and net profit at ₹1,628 crore, both marking double-digit increases. A final dividend of ₹4 per equity share was declared, bringing the total payout to ₹77.32 crore.
BKT has approved a ₹3,500 crore capital expenditure plan over three years to expand its Bhuj production facility. The investment includes:
▪ A new Off-Road Tyres plant (35,000 MTPA), due for completion by FY2025–26
▪ Facilities for commercial vehicle radials (CVR) and premium passenger car radials (PCR)
▪ New units for carbon black production, a captive power plant, and rubber tracks
These projects aim to enhance vertical integration, increase product range, and reinforce BKT’s global footprint across agriculture, OTR, and specialty tyre markets.
The company reaffirmed its core focus on agriculture, construction, mining, and earthmoving applications. While no major product category shifts were introduced, BKT continued deepening its penetration in Off-Highway Tyres (OHT) with a renewed emphasis on durability, application-specific performance, and regional demand alignment.
Exports remain central to BKT’s revenue profile, with Europe contributing nearly 50% of export turnover, followed by the US and domestic India markets. The company maintains a presence in over 160 countries.
BKT outlined expanded efforts in digital simulation, tread compound development, and durability testing. The company operates six dedicated tyre testing tracks simulating multiple terrain types, underpinning product quality across segments.
Effective from 1 April 2024, the National Company Law Tribunal (NCLT) approved the amalgamation of BKT Tyres Ltd into Balkrishna Industries Ltd, unifying operations under a single legal entity. This is expected to streamline corporate governance and improve operational efficiency.
BKT’s sustainability framework continues to align with UN Sustainable Development Goals, with notable developments in FY2024–25:
▪ Renewables now comprise 35% of total energy consumption across operations
▪ Water conservation, emissions management, and ethical business practices are tracked across sites
▪ Ongoing social programmes include structured employee training, local education projects, and health initiatives
The company also maintained 100% ISO 9001:2015 certification across all manufacturing sites.
BKT’s investment in radial technology for commercial and passenger car applications marks a strategic extension beyond its established OHT base. Combined with growing vertical integration and a 35% renewable energy share, this reinforces BKT’s position as a cost-aware and sustainability-aligned manufacturer. As global demand for agriculture and construction tyres remains strong, BKT’s multi-sector strategy will be closely watched by fleets, distributors, and OEMs.
Read the full report here: https://www.bkt-tires.com/downloads/16163/12443/Final_Integrated_Annual_Report_2024-25.pdf
Tagged with: BKT, Bhuj tyre expansion, Off-Highway Tyres, PCR tyres, CVR tyres, ESG, tyre manufacturing India, renewable energy tyres, global tyre exports, agriculture tyres, mining tyres
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