JK Tyre Q2 Results: Net profit surges 371% to ₹242 crore, revenue up 3% YoY
1 year, 1 month ago

JK Tyre Q2 Results: Net profit surges 371% to ₹242 crore, revenue up 3% YoY

Live Mint  

JK Tyre Q2 Results: JK Tyre announced its July-September quarter results for fiscal 2023-24 on Wednesday, November 1, reporting a surge of 371 per cent in consolidated net profit at ₹242 crore, compared to ₹51.31 crore in the corresponding period last year. The leading tyre manufacturer's revenue from operations in the second quarter of current fiscal came in at ₹3,897.53 crore, registering a rise of 3.8 per cent, compared to ₹3,756.52 crore in the year-ao period. "The sustained thrust on larger market presence enabled to boost volumes across segments and product categories," JK Tyre & Industries Chairman and Managing Director Raghupati Singhania said in a statement. The company said its board has approved enhancing tyre manufacturing capacity by 19.45 per cent by October 2025.

Tyre Jk Tyre Crore Revenue  surge  results  quarter  jk  compared  cent  way  net  surges  profit  yoy  tyre  crore  revenue  singhania  capacity  q2

History of this topic

JK Tyre Q1 Results: Net Profit Rises 37% to Rs 211 Crore, Total Income Falls to Rs 3,655 Crore
4 months, 3 weeks ago

JK Tyre Q1 Results: Net Profit Rises 37% to Rs 211 Crore, Total Income Falls to Rs 3,655 Crore

News 18  

JK Tyre & Industries on Saturday reported a 37 per cent year-on-year increase in consolidated net profit at Rs 211 crore in the first quarter ended June 30, 2024. The tyre maker had reported a net profit of Rs 154 crore for the April-June quarter of last fiscal. Total income declined to Rs 3,655 crore for the period under review …

JK Tyre share price jumps 5%, gains 15% in 2 sessions; is it time to bet on the stock? Here’s what experts say
5 months, 3 weeks ago

JK Tyre share price jumps 5%, gains 15% in 2 sessions; is it time to bet on the stock? Here’s what experts say

Live Mint  

JK Tyre share price: Shares of JK Tyre & Industries continued witnessing strong buying interest for the second consecutive session, rising over 5 per cent in intraday trade on the NSE on Monday, July 1. After witnessing a surge of over 9 per cent in the previous session, JK Tyre's share price opened over a per cent higher at ₹435 …

JK Lakshmi Cement shares zoom 6.7% as net profit grows 55% in Q2
1 year, 1 month ago

JK Lakshmi Cement shares zoom 6.7% as net profit grows 55% in Q2

Live Mint  

JK Lakshmi Cement, a part of JK Organisation, witnessed a notable 6.77% surge in its stock price, hitting a four-month high of ₹719.90 per share during Friday's early trading session, propelled by its impressive Q2FY24 performance. "The company's subsidiary, Udaipur Cement Works Ltd., successfully commissioned its second Clinker line of 1.50 million tonnes per annum in October 2023, whereby its …

Kotak Securities downgrades 3 Major tyre stocks, citing high crude prices
2 years, 6 months ago

Kotak Securities downgrades 3 Major tyre stocks, citing high crude prices

Live Mint  

The year 2022 was not a favourable start for the majority of industries due to high commodity prices, low demand, high inflation, and high-interest rates, and all of this had impacted the companies' gross margins in the March quarter. Ceat: For the fourth quarter ended March 2022, Ceat reported an 84 per cent drop in consolidated net profit to Rs …

JK Tyre Q2 profit declines 34.5% to ₹110 cr
4 years, 2 months ago

JK Tyre Q2 profit declines 34.5% to ₹110 cr

Live Mint  

JK Tyre and Industries Ltd, one of the country’s largest tyre makers, on Wednesday reported a 35% year-on-year decline in consolidated profit to ₹109.68 crore for the quarter ending 30 September, because of covid -19 related disruptions in India and abroad. The company had reported a net profit of ₹167.7 crore in the corresponding period of the previous year. The …

JK Tyre Expands Retail Network in Maharashtra, Opens New Flagship Centre for Trucks and Buses
4 years, 2 months ago

JK Tyre Expands Retail Network in Maharashtra, Opens New Flagship Centre for Trucks and Buses

News 18  

JK Tyre & Industries Ltd. has inaugurated JK Tyre Truck Wheels Centre in Bhiwandi, Maharashtra. Equipped with state-of-the-art wheel servicing equipment, full range of tyres, experience zone and expert technical advisors, the new outlet showcases JK Tyre’s retail identity for its exclusive stores. Srinivasu Allaphan, Director-Sales and Marketing, JK Tyre & Industries said, “The new Truck Wheel Centre in Bhiwandi, …

Discover Related