Profit before tax stood at Rs 588.97 crore in the third quarter of FY25, rising 43.28% from Rs 411.06 crore recorded in Q3 FY24.

EBITDA grew 9% YoY to Rs 639 crore in Q3 FY25 from Rs 588 crore reported in Q3 FY24. EBITDA margin declined 24.8% in Q3 FY25 as against 25.4% in same quarter previous fiscal.

During Q3 FY25, total expenses increased 10.5% YoY to Rs 2,138.29 crore. Cost of materials consumed was at Rs 1,264.42 crore (up 16.55% YoY), employee benefits expense was at Rs 130.93 crore (up 15.16% YoY) and finance costs stood at 15 crore (down 57.59% YoY) during the period under review.

The sales volumes stood at Rs 76,343 MT in Q3 FY25, up 5% as compared with Rs 72,749 MT in Q3 FY24.

On a consolidated basis, the company’s net profit increased 63.27% to Rs 499.48 crore on 12.57% rise in revenue from operations to Rs 2,560.33 crore in Q3 FY25 over Q3 FY24.

Meanwhile, the board has declared the third interim dividend of Rs 4 per equity share for the financial year 2024-25 and also fixed Thursday, 30 January 2025, as the record date.

Balkrishna Industries is engaged in the business of manufacturing and selling off-highway “tires” (OHT) in specialist segments such as agricultural, industrial & construction, earthmovers & port, mining, forestry, lawn & garden, and all terrain vehicles (ATV).

Shares of Balkrishna Industries fell 2.08% to Rs 2,597 on the BSE.