Page 3 - Jk Tyre

Better grip on future for tyre stocks: Tread on easing input cost, demand

Higher raw material prices had punctured sequential margins of major tyremakers

JK Tyre reports net drop in Sept quarter profit by 23% to Rs 50 crore

JK Tyre & Industries on Tuesday said its consolidated net profit declined 23 per cent to Rs 50 crore for the second quarter ended September 30, 2022. The tyre maker had reported a net profit of Rs 65 crore in the July-September period of last fiscal. Total income, however, increased to Rs 3,764 crore in the September quarter as against Rs 2,998 crore in the year-ago period. JK Tyre & Industries Chairman and Managing Director Raghupati Singhania said the company's operating margins have somewhat improved due to better market conditions. "We continue to achieve robust growth in domestic volumes across products, i.e., commercial and passenger tyre segments. During the quarter, OEM offtake improved post-easing in semiconductor supplies, festive season and good traction in economic activities," he noted. He further said: "We believe domestic demand shall continue to grow on the strength of improved economic activities, sustained focus of government on infrastructural spends and ...

Vinay Rajani of HDFC Securities expects markets to remain bullish for now

Among individual stocks, the technical analyst recommends buying JK Tyre and J.B.Chemicals & Pharma.

Raghupati Singhania receives PHDCCI lifetime achievement award for 2022

The event felicitated industry stalwarts for transforming society, helping improve the community, setting entrepreneurship benchmarks, and demonstrating exemplary leadership qualities

Tyre stocks in focus, rally up to 8%; Apollo, Ceat register 52-week highs

The tyre industry is expected to perform well mainly due to easing out of pandemic, increasing demand from OEMs and replacement segment.

JK Tyre bullish on demand, hikes price by 6-7% to offset higher input costs

Optimistic about demand growth in the current fiscal, JK Tyre & Industries Ltd on Thursday said it has increased price by 6-7 per cent and a further hike is under consideration to reduce the raw material cost pressure. The leading tyre maker said EBITA has started improving and it is likely to be better in the forthcoming quarters. "On an average, the cost input impact on the company due to the unprecedented commodity price inflation was around 30-35 per cent over the last 18 months. We have taken consistent price hikes in the last fiscal and even in this fiscal further price increase to the tune of 6-7 per cent has been done, JK Tyre president (India) Anuj Kathuria said. However, the company has not been able to pass on the entire cost increase and further price hikes are under consideration, he said on the sidelines of the launch of two new tyres for the truck and bus radial segments. "EBITA is improving and it is expected to get better in the subsequent quarters with the price .

JK Tyre brings puncture guard technology in tyres for four-wheelers

JK Tyre & Industries on Thursday said it has come up with the country's first puncture guard technology in tyres for four-wheelers. The technology, with specially engineered self-healing elastomer inner coat, applied inside the tyres through an automated process, heals the punctures. The company plans to build in the technology in its range of tyres for four-wheelers. With this technology, tyres can self-repair multiple punctures, due to nails or other sharp objects, up to 6 mm in the tread area instantly, the tyre maker said in a statement. Puncture guard tyre offers hassle-free ride throughout the life of the tyre, without air loss, it added. "With the introduction of Smart tyre technology in 2020 and now the Puncture Guard Tyre technology, we have yet again delivered on our commitment to provide advanced mobility solutions to our customers. This technology offers high level of safety and convenience to vehicle owners," JK Tyre Chairman & Managing Director Raghupati ...

Oil hits $95: Buy paint, tyre stocks on dips, avoid aviation, say analysts

Oil prices climbed towards their highest levels in more than seven years on Monday on fears that a possible invasion of Ukraine by Russia could trigger sanctions (on the latter) from US and Europe

JK Tyre's net profit drops 77% to Rs 54 cr in December quarter

JK Tyre & Industries on Thursday said its consolidated net profit declined 76.6 per cent to Rs 53.92 crore for the third quarter ended December 31, 2021. The company had reported a consolidated net profit of Rs 230.46 crore in the corresponding period last fiscal, according to BSE filing. However, its revenue from operations in October-December 2021 rose to Rs 3,076.03 crore as compared with Rs 2,769.28 crore in the year-ago period, JK Tyre said in a statement. "We are optimistic on the outlook of the tyre industry and believe there will be good demand growth across all market segments given the expected economic activity going forward and the waning effect of the pandemic," JK Tyre Chairman and Managing Director Raghupati Singhania said. In a separate regulatory filing, the tyre maker said the Competition Commission of India (CCl) has published an order dated August 31, 2018, against the company and some other OEMs (original equipment manufacturers) for alleged contravention of ..

Tyre stocks trade weak after CCI imposes penalty; Ceat hits 52-week low

The CCI on Wednesday said Supreme Court dismissed a petition filed by tyre companies wherein they had challenged the regulator's order imposing penalties on them for anti-competitive practices

JK Tyre profit falls 41% in September quarter on back of rising input costs

Revenue from operations rose 31 per cent to Rs 2,986.66 crore year-on-year

Tyre stocks in focus; Balkrishna Ind at record high, Apollo Tyres jumps 5%

Balkrishna Industries hit a new high of Rs 2,656.95, up 5 per cent on the BSE in intra-day trade, surpassing its previous high of Rs 2,558.15 touched on August 4, 2021

JK Tyre expects economic revival, growth going ahead: CMD Singhania

JK Tyre & Industries expects economic revival and growth going ahead after an unprecedented FY21, but rising commodity prices and the potential turbulence of the pandemic remain causes of concern, according to company Chairman & Managing Director Raghupati Singhania. In his address to shareholders in the company's annual report for 2020-21, Singhania described the last fiscal as "unprecedented and perhaps the most challenging of our lives". "Perhaps it was the first time in the history of JK Tyre that all operations had to be completely suspended, as also those of our stakeholders, including vendors or channel partners," he said in the report. The company responded to the adverse situation with the philosophy of 'survive, revive and thrive' and travelled on the path of transformation with well-strategised plans, including the creation of virtual offices that enabled resumption and ramping up of operations smoothly as soon as the economy started reopening, he added. On the ...

JK Tyre posts consolidated net profit of Rs 44 cr in June quarter

JK Tyre & Industries on Saturday said it has posted a consolidated net profit of Rs 44 crore for the first quarter ended June 2021. The tyre major had reported a net loss of Rs 204 crore in the April-June period of 2020-21 fiscal amid COVID-19 disruptions. Revenue from operations rose to Rs 2,608 crore in the first quarter from Rs 1,131 crore in the year-ago period, JK Tyre & Industries said in a statement. On a standalone basis, the company posted a net profit of Rs 45 crore. The tyre maker had reported a net loss of Rs 75 crore during the June quarter of FY'21 fiscal. Revenue from operations rose to Rs 1,726 crore during the period under review as compared with Rs 794 crore in the first quarter of 2020-21 fiscal. Commenting on the results, JK Tyre Chairman and Managing Director Raghupati Singhania said the first quarter started on a subdued note due to resurgence of the second wave of the COVID-19 pandemic and lockdowns which impacted demand. "Despite these challenging ...

JK Tyre posts consolidated profit after tax of Rs 194 cr for March quarter

Revenue from operations in the quarter under review rose by 63.21 per cent to Rs 2,927.28 crore compared to Rs 1,792.56 crore in Q4FY20

JK Tyre zooms 51% in 4 days, hits fresh 52-week high on robust Q3 results

The strong performance during the quarter was largely driven by the increased demand for passenger, commercial vehicle as well as farm tyres

Tata Motors, IDFC First Bank, JK Tyre rally over 50% in one month

Shares of JK Tyre & Industries soared 13 per cent hit hit its fresh 52-week high of Rs 120 today.

Tyre stocks in demand; JK Tyre rallies 15%, MRF scales fresh high

Shares of JK Tyre & Industries hit a 52-week high of Rs 103.80 amid heavy volumes

JK Tyre gains 5% on strong Q3 performance by subsidiary Cavendish

The management said increased volumes in truck tyres, both radial and bias, LCV and agricultural tyres have contributed to higher sales

Tyre stocks on a roll. JK Tyre soars 27% in 2 days, Ceat hits 52-week high

Apollo Tyres, MRF and Balkrishna Industries were up in the range of 2% to 5% on the BSE.