JK Tyre Sets Ambitious Goal: 1 Million Unit Capacity Boost by FY26
JK Tyre & Industries Ltd plans to increase its production capacity by 1 million units by FY26. The company is also embarking on a digital transformation journey to enhance manufacturing efficiency. This strategic move aims to meet evolving market needs and strengthen JK Tyre's position in the competitive tyre industry.
22May 25
JK Tyre Leads Electric Bus Segment with Radial Tyre Supply
JK Tyre & Industries Ltd has become the leading supplier of truck radial tyres for electric buses, positioning itself as the largest participant in this growing sector. The company has successfully leveraged its EV platform to dominate the bus segment of the electric vehicle market. This strategic focus on electric vehicles, particularly in the bus sector, demonstrates JK Tyre's commitment to innovation and sustainability. While specific financial figures are not provided, this positioning suggests potential for increased revenue and market share in the future.
22May 25
JK Tyre Anticipates Raw Material Price Stabilization and Margin Improvement
JK Tyre, a leading Indian tyre manufacturer, anticipates stabilizing raw material prices and improved profit margins in upcoming quarters. The company expects immediate margin improvement in the next financial year, partly due to the removal of tariffs on tyre exports from Mexico to the United States. This change in trade policy is expected to benefit JK Tyre's Mexican manufacturing facilities, potentially enhancing its competitiveness in the U.S. market.
JK Tyre & Industries Reports 43% Profit Decline in Q4, Recommends Dividend
JK Tyre & Industries reported Q4 FY23 results with consolidated revenue up 1.6% to ₹3,758.60 crore. However, EBITDA fell 24.6% to ₹363.00 crore, and net profit declined 42.7% to ₹97.00 crore. EBITDA margin compressed to 9.7% from 13.0%. Despite profit decline, the company recommended a dividend of ₹3.00 per equity share.
04Mar 25
JK Tyre & Industries Wins Appeal: GST Order Set Aside by Tax Authority
JK Tyre & Industries Ltd. has successfully appealed a tax order, resulting in the nullification of a ₹733.18 lakh liability. The Commissioner (Appeals), Central Tax has set aside a previous order that alleged improper availing of Input Tax Credit related to Compensation Cess. The original demand included ₹13.07 lakh in tax and a ₹720.11 lakh penalty. This ruling eliminates the company's liability for both the tax amount and the penalty, providing significant financial relief.
03Mar 25
JK Tyre & Industries Wins Tax Appeal: GST Authority Sets Aside ₹733 Crore Demand
JK Tyre & Industries Ltd. has received a favorable ruling from the Commissioner (Appeals), Central Tax, overturning a previous tax demand. The ruling sets aside a ₹13.07 lakh demand and cancels a ₹720.11 crore penalty related to Input Tax Credit on Compensation Cess. The decision confirms no violations by JK Tyre and eliminates a potential ₹733.18 crore liability, significantly reducing the company's financial risk.
18Feb 25
JK Tyre & Industries Ltd: President Resigns Amid Investigation, Q3 Results Show Resilience
JK Tyre & Industries Ltd announced the resignation of Anuj Kathuria, President (India), effective February 14, 2025, amid an ongoing police investigation. Despite leadership changes, the company reported flat consolidated revenues of Rs. 3,694 crores in Q3 FY25, with EBITDA margins contracting to 9.1%. The company faced challenges from sluggish OEM demand and rising raw material costs, particularly natural rubber. However, JK Tyre saw healthy growth in the replacement market, especially in the passenger car radial segment. The company is progressing with expansion projects and focusing on technological advancements and sustainability initiatives.