JK Tyre & Industries Ltd, the country’s leading tyre major, announced its unaudited results for Q2 of FY 2025. The company reported a revenue of INR 3,643 crore, with an EBIDTA of INR 443 crore. The EBIDTA margin for the quarter stood at 12.2%.
JK Tyre also reported a Profit After Tax (PAT) of INR 144 crore and a Profit Before Tax (PBT) of INR 199 crore.
Dr. Raghupati Singhania, Chairman and Managing Director (CMD), said “JK Tyre maintained its volumes and presence in the Passenger Car segment despite lower demand in the category. The commercial vehicle segment also saw a slowdown, attributable to the general election and unusual heavy rains that affected revenue growth during the quarter. However, improved export performance helped partly offset the domestic slowdown. JK Tyre continues to hold the highest market share across all OEM and Replacement markets in the EV Bus category.”
Margin impact and strategic response
Operating profit margins were impacted by a sharp rise in natural rubber prices, driven by adverse weather conditions and supply chain disruptions. However, the impact was partially mitigated through judicious price increases, product premiumisation, and strategic inventory build-up.
“As we move into the second half of the year, we expect demand to improve, driven by the upcoming festive season, resumption of government infrastructure spending, and the normalisation of construction, industrial, and mining activities following the heavy rains,” Dr. Singhania added.
Subsidiaries’ contributions
JK Tyre’s subsidiaries, Cavendish Industries Ltd. (CIL) and JK Tornel, Mexico, continued to make significant contributions to the overall revenues and profitability of the company.
Sustainability and recognition
JK Tyre is a green company committed to reducing its carbon intensity by 50% by 2030. Sustainability is at the core of its activities, whether in manufacturing excellence or the development of next-generation, technologically advanced products.
It is also a matter of pride for the company that JK Tyre has been honored with the prestigious Mahatma Award 2024 for its dedicated efforts toward sustainable development and community building.
