Page 4 - Jk Tyre

JK Tyre gains 9% on strong operational performance in September quarter

The management said the profitability during the quarter improved significantly due to aggressive cost-cutting measures.

JK Tyre, other companies face antitrust scrutiny in bid-rigging case

NEW DELHI (Reuters) - India's antitrust regulator is investigating JK Tyre & Industries Ltd after a state government accused the company of bid rigging, and the probe has been expanded to other firms, according to sources and legal filings seen by Reuters.

Cautiously optimistic of reaching pre-Covid sales by Dec-end: JK Tyre CMD

About Covid-19, Raghupati Singhania says it has caused the company to defer its expansion plans

JK Tyre reports net loss of Rs 204 cr in June qtr as Covid-19 hits sales

Net sales declined to Rs 1,138.14 crore in the first quarter as compared with Rs2,581.47 crore in the year-ago period, JK Tyre said in a statement

Tyre stks in focus; JK Tyre, TVS Srichakra gain up to 10% in a weak market

DGFT, vide its June 12 notification, has placed import of major tyre categories in the 'restricted' category from the 'free' category earlier.

Uncertainity around Q2 performance of businesses: Harsh Pati Singhania

The return to normalcy will also depend largely on how quickly the consumers also recover from the overall impact of the coronavirus outbreak and the lockdown, he said

Covid-19: Harsh Singhania says only a stimulus package can revive economy

"Even if we start producing, where is the transport, supply chain and customers? If shops are not open, then it makes no sense to keep producing and stocking in the factory sites," said Singhania.

A brand of many firsts, the JK Group trying to live up to its legacy

The British-era company, which started as textiles business, has diversified significantly into other businesses to become the conglomerate it is today

JK Tyre bets big on exports, replacement market to beat auto sales slump

JK Tyre & Industries expects exports to grow around 50 per cent in the ongoing fiscal to clock over Rs 800 crore, which along with domestic replacement market will help offset decline in direct sales to automobile makers, according to a senior company official. Due to the ongoing slump in the Indian automobile sector, the company has seen contribution from Original Equipment Manufacturer (OEM) segment to its overall sales decline to around 20 per cent from an earlier 32-33 per cent. "We could actually combat that slowdown in OEMs (sales) to a large extent through increase in sales in the replacement market and exports," JK Tyre & Industries CFO Sanjeev Agarwal told PTI. For example, he said in December JK Tyre's exports have gone up by more than 40 per cent and in the replacement market it grew by 18 per cent. "Similarly, in the first nine months, the growth has been very good in the export market segment and also in replacement market. These have become a saviour for us and ..

JK Tyre jumps 14% as Q2 net profit surges over three-fold to Rs 168 crore

It had posted a profit of Rs 45.78 crore in the same period last fiscal.

High-leverage entities losing favour amid worries of corporate defaults

Investors looking to shift funds to firms with comfortable debt levels

JK Tyre to capitalise on duty hike on Chinese products, beef up exports

The company has been forced to cut production and delay capital expenditure due to slowdown in Indian auto market

JK Tyre skids 16% on weak June quarter results, trades near 5-year low

The tyres manufacturing company's profitability was hit due to overall slow-down in the automotive sector, the management said

Tyre stocks gain on easing oil prices; JK Tyre, Kesoram up over 5%

Apollo Tyres, MRF, Balkrishna Industries and Ceat were up in the range of 1% to 3% on the BSE in intra-day trade.

JK Tyre to invest Rs 12.5-billion in Laksar unit it bought from Birla Tyres

This will give a boost to industrialisation in the hill state

JK Tyre stock surges over 8% on four-fold rise in Q2 net profit

Shares of JK Tyre & Industries Tuesday rose sharply by more than 8 per cent buoyed by the company posting over four-fold increase in consolidated net profit for the second quarter ended September 30. The stock climbed 7.95 per cent to settle at Rs 105.90 on BSE. Intra-day, it soared 12.13 per cent to Rs 110. On NSE, shares of the company jumped 8.17 per cent to close at Rs 106.50. JK Tyre & Industries Tuesday posted over four-fold increase in consolidated net profit at Rs 46 crore for the second quarter ended September 30. The company had reported a net profit of Rs 10 crore during the same period of the previous fiscal. Net sales rose 23 per cent to Rs 2,548 crore for the second quarter, as against Rs 2,068 crore during the same period of the previous fiscal, JK Tyre & Industries said in a statement.

With 2017's hurdles behind it, JK Tyre to invest close to Rs 5 bn in 2018

Amidst revival in the demand and Government push for Make-in-India efforts, tyre major J K Tyres is planning to invest around Rs 500 crore to increase its capacity.Arun Bajoria, Director & President (International Operations), JK Tyre & Industries Ltd said that the year 2017 has been full of challenges, including the lingering effects of demonetisation and high raw materials prices that have impacted the industry in January-March quarter and the following two quarters, followed by GST affected production of OEMs, particularly the commercial vehicles.But now things are looking better as we look forward as most of the economic parameters are looking better. Structural reforms, including demonetisation and GST have disrupted the Indian market."The upcoming scenario for Q4 looks positive, the economy is predicted to grow, the automobile industry and tyres, which we mainly deal in will grow," said Bajoria.He added, other Centre's initiatives like anti-dumping duty on import of ...

Campaign logic: Setting safety wheels in motion

JK Tyre's ad urges drivers to shed their casual attitude and take to reliable tyres for a safe ride

JK Tyre plans to raise up to Rs 1,000 cr via securities

JK Tyre shares today ended 1.82 per cent higher at Rs 1,11.75 apiece on BSE

JK Tyre's net declines 10%

Net profit declines to Rs 101.4 crore