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JK Tyre & Industries Ltd News

Amid price hike reports, shares of tyre companies rally for second day

According to media reports, domestic tyre companies have undertaken a price hike in response to a rise in key raw material prices (primarily natural rubber).

Amid price hike reports, shares of tyre companies rally for second day
Updated On : 15 Jul 2024 | 2:12 PM IST

Tyre stocks in focus; JK Tyre, Ceat, TVS, Goodyear rally up to 12%

Balkrishna Industries said in its FY24 annual report said that there has been a notable increase in demand for vehicles globally, which provide growth opportunities for tire industry.

Tyre stocks in focus; JK Tyre, Ceat, TVS, Goodyear rally up to 12%
Updated On : 28 Jun 2024 | 3:04 PM IST

Shares of JK Tyre zoom 10% amidst robust Q4 financials; profits soar

JK Tyre reported a 56 percent increase in its consolidated net profit for the fourth quarter, reaching Rs 169.33 crore, driven by sustained demand

Shares of JK Tyre zoom 10% amidst robust Q4 financials; profits soar
Updated On : 22 May 2024 | 10:32 AM IST

JK Tyre & Industries Q4 results: Net profit rises 56.2% to Rs 169 cr

The tyre maker remains optimistic about the tyre demand outlook, driven by robust infrastructure spending and buoyant economic activities

JK Tyre & Industries Q4 results: Net profit rises 56.2% to Rs 169 cr
Updated On : 21 May 2024 | 7:04 PM IST

JK Tyre Q4 results: Net profit rises 56.2% to Rs 169 cr on sustained demand

Consolidated net profit rose for the sixth straight quarter to Rs 169 crore ($20.29 million) for the three months ended March 31 from Rs 108 crore a year earlier

JK Tyre Q4 results: Net profit rises 56.2% to Rs 169 cr on sustained demand
Updated On : 21 May 2024 | 6:32 PM IST

JK Tyre bolsters retail network with it's new brand shop in Tamil Nadu

Tyre manufacturer JK Tyre and Industries Ltd has inaugurated its brand shop in Tamil Nadu bolstering its retail presence in the country. The new outlet is the 22nd brand shop in Tamil Nadu and it is located on the State Highway 142 on the Perambalur-Thuraiyur Road. The ultra-modern shop has been designed to provide best-in-class customer solutions thereby strengthening JK Tyre's network presence, a company statement said here. The brand shop - Hindustan Tyres - was inaugurated by JK Tyre and Industries Ltd Vice President - Mobility Solutions and Fleet Management, Sanjeev Sharma. The state-of-the-art facility is equipped with highly trained technical advisors, wheel servicing equipment, full range of tyres for commercial vehicles among others. JK Tyres and Industries Ltd has a network of more than 6,000 dealers and over 650 dedicated brand shops across the country.

JK Tyre bolsters retail network with it's new brand shop in Tamil Nadu
Updated On : 17 Apr 2024 | 6:25 PM IST

Growth momentum to continue amid positive economic scenario: JK Tyre

JK Tyre expects demand momentum to continue for the tyre industry in the medium to long term, with the automobile industry set to grow amid a positive economic environment, according to a top company official. In an interaction with PTI, JK Tyre & Industries MD Anshuman Singhania expressed hope that the tyre maker would also continue to witness momentum in its top line and profitability. For the third quarter ended December 2023, the company reported a three-fold increase in its consolidated net profit to Rs 227 crore. Its revenue from operations rose to Rs 3,688 crore for the October-December period against Rs 3,613 crore in the year-ago period. "We are very optimistic in terms of the medium to long-term demand, which is coming in. We are seeing that private sector capex cycles have really started to kick in," Singhania said. There is an increase in disposable incomes, which is leading to positive buying sentiments, he added. "So, in all, we see that the economy is going to be i

Growth momentum to continue amid positive economic scenario: JK Tyre
Updated On : 11 Feb 2024 | 10:51 AM IST

JK Tyre and Industries Q3 results: Profit rises three-fold to Rs 221 cr

On a sequential basis, the company exhibited a 5.39 per cent decline in revenue along with PAT, which also declined by 8.79 per cent. The EBITDA grew by 61 per cent year-on-year, reaching Rs 563 crore

JK Tyre and Industries Q3 results: Profit rises three-fold to Rs 221 cr
Updated On : 06 Feb 2024 | 7:11 PM IST

JK Tyre and Industries Q3 results: Profit rises three-fold to Rs 221 cr

This is the fifth straight rise in quarterly profit for the company, which counts Tata Motors and Maruti Suzuki India as its customers

JK Tyre and Industries Q3 results: Profit rises three-fold to Rs 221 cr
Updated On : 06 Feb 2024 | 3:50 PM IST