+
JK Tyre Reports Rs 36.55 bn Revenue in Q1 FY25
ECONOMY & POLICY

JK Tyre Reports Rs 36.55 bn Revenue in Q1 FY25

JK Tyre & Industries (JK Tyre) reported its results for the first quarter of the fiscal year 2025, achieving a revenue of Rs 36.55 billion. The company posted an EBITDA of Rs 5.16 billion with a margin of 14.1 per cent, and recorded a Profit Before Tax of Rs 2.90 billion and a Profit After Tax of Rs 2.12 billion.

Raghupati Singhania, the company's Chairman and Managing Director, noted that they had continued to achieve profitable growth with an increase in operating margins year-on-year. He attributed this success to their strategic focus on premiumisation and pricing, which helped them manage raw material cost pressures. Despite a slight decline in overall revenues due to a drop in the OEM segment, the impact was largely counterbalanced by increased exports.

During the quarter, exports experienced robust double-digit growth despite challenges from geopolitical disruptions and rising ocean freight costs. The company anticipated a rise in export demand in the near future. Singhania also mentioned that JK Tyre?s subsidiaries, Cavendish Industries (CIL) and JK Tornel in Mexico, had made significant contributions to the company's overall revenues and profitability.

The outlook for tyre demand was described as positive, supported by policy reforms, on-going infrastructure development, the approaching festive season, and favourable monsoon conditions. Singhania expressed optimism about the tyre demand outlook, emphasising the benefits of continuing policy reforms, infrastructure development, and positive seasonal factors for the industry.

JK Tyre remains dedicated to advancing its efforts in digitalisation, research and development, innovation, sustainability, customer-centricity, and technology-driven manufacturing.

JK Tyre & Industries (JK Tyre) reported its results for the first quarter of the fiscal year 2025, achieving a revenue of Rs 36.55 billion. The company posted an EBITDA of Rs 5.16 billion with a margin of 14.1 per cent, and recorded a Profit Before Tax of Rs 2.90 billion and a Profit After Tax of Rs 2.12 billion. Raghupati Singhania, the company's Chairman and Managing Director, noted that they had continued to achieve profitable growth with an increase in operating margins year-on-year. He attributed this success to their strategic focus on premiumisation and pricing, which helped them manage raw material cost pressures. Despite a slight decline in overall revenues due to a drop in the OEM segment, the impact was largely counterbalanced by increased exports. During the quarter, exports experienced robust double-digit growth despite challenges from geopolitical disruptions and rising ocean freight costs. The company anticipated a rise in export demand in the near future. Singhania also mentioned that JK Tyre?s subsidiaries, Cavendish Industries (CIL) and JK Tornel in Mexico, had made significant contributions to the company's overall revenues and profitability. The outlook for tyre demand was described as positive, supported by policy reforms, on-going infrastructure development, the approaching festive season, and favourable monsoon conditions. Singhania expressed optimism about the tyre demand outlook, emphasising the benefits of continuing policy reforms, infrastructure development, and positive seasonal factors for the industry. JK Tyre remains dedicated to advancing its efforts in digitalisation, research and development, innovation, sustainability, customer-centricity, and technology-driven manufacturing.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code