BALKRISHNA / Q3-FY26 / claim-ledger

Audit the questions that mattered.

Balkrishna Industries · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ3-FY26 · 2026-01-15Back to quarter ↗

Questions audited

Answered directly

54%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Mummandala · Anand Rati

partial

Factors behind Europe rebound despite macro challenges.

So I think overall they're anticipating the season to begin from this year. So that could have been the course and as I mentioned in my earlier comments during the last quarter that lot of the restocking had leveled out.

Mummandala · Anand Rati

partial

US volume and tariff impact on margins.

Overall America's is being there in the investor presentation the exact US sales is down as compared to previous year but the exact numbers are not handy. And any impact of tariffs in our margin number sir? Yeah, obviously because we have shared with distributors but the large portion is being born by them.

Mummandala · Anand Rati

direct

Capex guidance for current and next year.

So maybe about 3 400 crores more in the current financial year and the balance would be in the next year.

Mummandala · Anand Rati

direct

Euro rate for Q3 and outlook.

So the euro rate for Q3 was at approximately 97 rupees. And how do you see it? Should marginally improve from here.

Sedartha · Research desk

partial

Why European realizations not improving despite euro rise.

So firstly the Europe share has gone down. So that has had an impact also as we maintain that we always have a forward booking forward hedge. So that is also playing out and for next year also the same hedge would be continuing.

Sedartha · Research desk

partial

Drivers of strong India business growth.

As I mentioned in my opening comments, the positive impact by the government's role in reducing the GST has driven the sentiments and that is what is driving in the entire auto sector and we are getting the benefits of that.

Sedartha · Research desk

partial

Impact of higher India share on ASPs and margins.

Yes, it does have a slightly lower ASP. But if you see after all that also with the enhanced level of India, the IITA levels are at par with what they've been in the past. So it is nullifying the overall effect.

Sedartha · Research desk

evasive

CV 4A pilot update and volume expectations.

So as we have mentioned all in my opening comments the all the projects are going as per schedule. So the CV u will also come up in this quarter. You should we'll make the announcements as once we are ready. So we not anticipating any delay on that.

Ragun · Nama

partial

Existing duty on Europe deal and expected reduction.

This is current duty is 4% and it is not very clear what will be the duty after this duty unless we see the imprint of the agreement.

Ragun · Nama

direct

Freight cost as percentage of revenue in Q3 and outlook.

I think it's around 5% and we look at it to be stable at the moment.

Abhishek Jen · Alpha Accurate Advisors

evasive

Current inventory in US and Europe and Q4 outlook.

So we are seeing that the channel stock is at par at where it should be and going forward it is difficult to comment because of the volatility across the world with the geopolitical scenarios how it plays out.

Abhishek Jen · Alpha Accurate Advisors

partial

Strategy for US market amid tariffs and volume decline.

Because of our strong brand positioning and quality and some major chunk of the tariffs to be shared between us and our channel partners, we have been able to gain some of the momentum that we had lost in the Q2 has come back in Q3.