Page 2 - Jk Tyre

We have developed an 80% biodegradable tyre: JK Tyre CMD Singhania

Average selling price of tyres will 'slightly move up', he says in interview about where industry is headed

Five Indian tyre makers ranked among global top 30 manufacturers: Report

Five Indian companies featured among the top 30 tyre manufacturers globally, according to a report by Automotive Tyre Manufacturers' Association (ATMA). In the 'Tire Business Magazine's 38th Global Tire Report' by ATMA based on revenue in 2022, Apollo, MRF, JK Tyre, CEAT, and Balkrishna Industries (BKT) from India featured in the top 30 list. As per the report, Apollo is at the 13th position and MRF at the 14th, JK Tyre at 19th, CEAT at 22nd and BKT at 27th in the top 30 list. Michelin, Bridgestone, Goodyear, and Continental continue to occupy the top four spots, the report said. "For quite a few years, we had only three Indian companies in the top 30. CEAT made an entry in the coveted list a couple of years ago and now BKT also finds a pride of place," ATMA Director General Rajiv Budhraja said in a statement. ATMA said in the last 10 years, Apollo has moved up four places, while JK Tyre has advanced six places. On the other hand, CEAT moved up 13 places, while off-road major BKT

Stocks to Watch: Tata Steel, Hero Moto, Britannia, GAIL, JK Tyre, Ambuja

Stocks to watch on November 2, 2023: Two-wheeler manufacturer Hero Moto's consolidated net profit rose 47.6 per cent YoY to Rs 1,007 crore in the September quarter

JK Tyre records net profit surge of nearly five-fold to Rs 242 cr in Q2FY24

On a sequential basis, the company exhibited a 4.83 per cent increase in revenue and the PAT increased by 57.35 per cent, respectively

JK Tyre & Industries Q1 PAT jumps four-fold to Rs 153.87 cr, revenue up 2%

In the June quarter the company successfully depleted its previously held high-priced inventory due to steady raw material costs

JK Tyre & Industries profit rises over 4-fold to Rs 159 cr in June quarter

JK Tyre & Industries on Friday reported an over four-fold rise in consolidated net profit at Rs 158.59 crore for the first quarter ended June 30, 2023. The company had posted a consolidated net profit of Rs 35.13 crore for the same period of the last fiscal, JK Tyre & Industries said in a regulatory filing. Revenue from operations was at Rs 3,718.08 crore as compared to Rs 3,643.03 crore in the year-ago quarter, it added. Total expenses were lower at Rs 3,489.01 crore as against Rs 3,557.97 crore in the same period a year ago. "The financial year 2024 has started on a positive note, in terms of better profitability as a result of our continued focus on premiumisation of the product mix, indeed aided by stable input costs," JK Tyre & Industries Chairman and Managing Director Raghupati Singhania said. He further said, "We are witnessing buoyancy in demand in the replacement and OEM segments across product categories, driven by a healthy macro-economic environment. Export ...

JK Tyre surges 10% on completion of first phase of capacity expansion

On Friday, June 30, the stock surpassed its previous high of Rs 213.50, touched on December 9, 2022

JK Tyre finishes 1st phase of capacity expansion of Madhya Pradesh facility

JK Tyre & Industries on Thursday said it has completed the first phase of capacity expansion of its passenger car radial tyre manufacturing facility in Banmore, Madhya Pradesh with an investment of Rs 312 crore. The expansion will result in a 31 per cent increase in the plant's annual output capacity, from 39 lakh units to 51 lakh units. The second phase of expansion is expected to be completed by April 2024 with an additional investment of Rs 617 crore, further enhancing the production capacity of the plant by 31 per cent. "The expansion of this manufacturing facility reflects our unwavering dedication to innovation, sustainability, and our substantial contribution to the growth story of Madhya Pradesh," JK Tyre & Industries Chairman & Managing Director Raghupati Singhania said in a statement. The company's production and manufacturing capabilities are constantly evolving along with product range in order to meet the demands of customers, both domestically and ...

Analysts see rich valuations for paint, tyre stocks; time to book profit?

Shares of related companies have gained up to 84 per cent, as against a 14 per cent rise in the S&P BSE Sensex

Stocks to Watch today, May 18: HDFC Bk, Vedant Fashions, MM Forgings, NDTV

Stocks to Watch on Thursday: JK Tyre's net profit surged to Rs 111.56 crore in Q4FY23 from Rs 38.22 crore reported last year

JK Tyre reports nearly three-fold increase in Q4 profit to Rs 108 cr

BENGALURU (Reuters) - India's JK Tyre & Industries Ltd on Wednesday reported a nearly three-fold rise in fourth-quarter profit, as raw material costs fell and domestic demand saw a boost.

Tyre stocks rally up to 8% on MRF's strong Q4 results; Apollo at 52-wk high

MRF's board has recommended a final dividend of Rs 169 (1,690 per cent) per share

International Finance Corp to buy 5.6% stake in JK Tyre for $30 million

JK Tyre & Industries Ltd on Wednesday said World Bank Group member IFC will invest USD 30 million (about Rs 240 crore) to pick a 5.6 per cent stake in the company to part-fund expansion of energy-efficient tyre manufacturing. The investment by IFC in JK Tyre & Industries will part-finance the expansion of manufacturing capacities and integrate advanced, resource-efficient technologies in the production of commercial and passenger car radial tyres, which have better safety and longevity, the company said in a regulatory filing. Subsequently, International Finance Corporation (IFC) will hold a 5.6 per cent stake in the tyre major through the issue of compulsorily convertible debentures (CCDs) on a preferential basis, it added. "The investment aims to bolster the company's capital structure and increase production of energy-efficient radial tyres by more than 10 per cent -- from 32 million to over 35 million tyres a year by 2025," JK Tyre & Industries said. This aligns with ..

Domestic expected to see double digit growth in FY24: JK Tyre MD

Domestic tyre industry is expected to witness double-digit growth next fiscal with the automobile industry back on full swing, JK Tyre Chairman and Managing Director Raghupati Singhania said on Tuesday. JK Tyre, which on Tuesday introduced a tyre brand -- Levitas Ultra -- to cater to the luxury car segment, is also expected to follow the industry growth path and report a double-digit sales growth next financial year, he noted. "Tyre industry had undergone a bit of a rough patch in the last couple of years back when the auto industry was in a bit of a slowdown due to Covid and all that... Now with the economic activity improving the tyre industry is coming back on full swing," Singhania said. He noted that demand remains strong across most segments of the domestic automobile industry. The industry has also gained immensely from the government's push to boost local manufacturing, Singhania said. "Over the next 2-3 years, demand for tyres in the country is expected to grow stronger,

Stocks to Watch: Asian Paints, Adani Green, JK Tyre, Tata Motors, GR Infra

Stocks to Watch: Adani Green Energy (AGEL) has decided to review its capital expenditure (capex) plan of Rs 10,000 crore for financial year 2023-24 (FY24)

JK Tyre looks to expand retail presence; bolster presence in SUV, EV space

JK Tyre Industries is looking to expand its retail network across the country by up to 20 per cent over the next 12-18 months, a top company official said on Monday. The company, which on Monday expanded its retail presence in North India by opening six outlets, is also looking to bolster presence in the fast-growing sports utility vehicle and electric vehicle verticals. "We currently have around 650 brand shops across the country. Over the next 12-18 months we expect a 15-20 per cent addition in these outlets as we look to go nearer to the customer," JK Tyre and Industries President (India) Anuj Kathuria told PTI here in an interaction. The company on Monday launched six new brand shops spread across Uttar Pradesh, Haryana and Rajasthan as part of its plans to improve presence especially in smaller towns and rural areas. JK Tyre now has 221 brand outlets in the northern part of the country. "Customer needs are now not limited to the big centres. With growing car parc, customers i

JK Tyre best in 'ESG' rating in industry, targets carbon net zero by 2050

The company is working on being more environmentally responsible by producing more from less and reducing energy intensity, greenhouse gas emissions

CEAT, Apollo, JK Tyre: NCLAT relief may drive tyre stocks up to 16% higher

Most tyre stocks including JK Tyre, Apollo Tyres, CEAT, MRF and TVS Srichakra look strong on technical charts, looking to rally up to 16 per cent

JK Tyre hits all-time high; share price more than doubles in 5 months

Till 02:35 pm, a combined 14.7 million equity shares representing 6 per cent of total equity of the company had changed hands on the NSE and BSE.

Tyre stocks on a roll; Apollo Tyres hits record high, Ceat 52-week high

The raw material (RM) and other input costs have started softening after a long spell of unprecedented increase, which is likely to improve margins in the medium term for tyre companies