JK Tyre & Industries Ltd. reported a net profit of INR 57 crore for the third quarter of fiscal year 2025, with consolidated revenues reaching INR 3,694 crore and an EBITDA of INR 335 crore, representing a 9.1% margin. The company attributed its performance to growth in the replacement tire market and contributions from subsidiaries, while acknowledging the impact of rising raw material costs.
JK Tyre achieved a consolidated revenue of INR 3,694 crore during Q3 FY2025. The company’s EBITDA stood at INR 335 crore, maintaining a margin of 9.1%. The net profit for the quarter was INR 57 crore.
“JK Tyre witnessed a healthy growth in the Replacement market during the Quarter. Rising raw material cost, particularly in natural rubber impacted the margins, which was to an extent addressed by certain price revisions and cost optimisation. Looking ahead, demand in the Replacement market is promising, and the OEM sector is on a recovery path. Moreover, Export Markets offer new opportunities, given the Rupee/Dollar parity,” said Raghupati Singhania, Chairman & Managing Director (CMD) of JK Tyre.
JK Tyre on premiumising the range
JK Tyre is actively focusing on premiumising its product range across different segments. This strategic move is expected to contribute positively to the company’s profitability. The company is also looking towards export markets for further growth opportunities, citing the current Rupee/Dollar parity as a favorable factor. The company believes demand in the replacement market is promising and expects recovery in the OEM sector.
JK Tyre’s subsidiaries, Cavendish Industries Ltd. (CIL) and JK Tornel, Mexico, played a significant role in contributing to the overall revenues and profitability of the company during the quarter. These subsidiaries continue to be key components of JK Tyre’s overall business strategy.
Digital & Analytics Centre of Excellence
The newly established Digital & Analytics Centre of Excellence (DnA COE) reflects JK Tyre’s ongoing digital transformation efforts. This initiative aims to leverage data analytics to enhance operational efficiencies and drive innovation within the company.
JK Tyre has secured a Sustainability Linked Loan (SLL) with the International Finance Corporation (IFC). The company states this makes it the first tire company in India to enter into such an agreement. This underlines JK Tyre’s commitment to sustainability and aligns with its vision of becoming a “Green & Trusted Mobility Partner”.
