BKT reports weaker earnings, announces €180m capex for expansion
after close1 source ↓written by the desknot a recommendation
- in capex
- €180 million
Balkrishna Industries Ltd (BKT) reported flat revenue of ₹106.6 billion for FY26, with net profit down 25% to ₹12.2 billion. Despite these results, the company plans to invest €180 million in capex to enhance tire capacity, driven by improving demand in Europe and the Americas. This expansion may bolster future growth prospects.
Not investment advice. For informational purposes only.