Indian tire manufacturer announces quarterly performance with Rs. 3,694 crore revenue, highlights market expansion initiatives and sustainability measures while addressing raw material cost challenges.
04 Feb 2025 | 4138 Views | By Autocar Pro News Desk
JK Tyre & Industries Ltd., one of India's leading tire manufacturers, announced its unaudited financial results for the third quarter of fiscal year 2025, reporting a net profit of Rs. 57 crore. The company achieved consolidated revenues of Rs. 3,694 crore, with an EBITDA of Rs. 335 crore, maintaining a ...
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JK Tyre & Industries Ltd., one of India's leading tire manufacturers, announced its unaudited financial results for the third quarter of fiscal year 2025, reporting a net profit of Rs. 57 crore. The company achieved consolidated revenues of Rs. 3,694 crore, with an EBITDA of Rs. 335 crore, maintaining a margin of 9.1%.
Dr. Raghupati Singhania, Chairman & Managing Director, highlighted the company's strong performance in the replacement market during the quarter. However, he noted that rising raw material costs, particularly natural rubber, impacted margins. The company partially mitigated these challenges through strategic price adjustments and cost optimization measures.
Looking ahead, Dr. Singhania expressed optimism about market conditions, citing promising demand in the replacement segment and a recovering OEM sector. He also pointed to new opportunities in export markets, supported by favorable Rupee-Dollar exchange rates.
The company's subsidiaries, Cavendish Industries Ltd. and JK Tornel in Mexico, continued to contribute significantly to overall revenue and profitability. As part of its growth strategy, JK Tyre is focusing on premium products across segments to enhance profitability.
In a significant digital transformation initiative, the company recently established a Digital & Analytics Centre of Excellence (DnA COE) to strengthen data-driven operational efficiencies and innovation. This move aligns with JK Tyre's commitment to technological advancement and operational excellence.
The company also achieved a notable milestone in sustainable finance, becoming the first Indian tire manufacturer to secure a Sustainability Linked Loan (SLL) from the International Finance Corporation (IFC). This achievement underscores JK Tyre's commitment to environmental sustainability and its vision of becoming a "Green & Trusted Mobility Partner."
JK Tyre maintains a strong market presence with 11 globally benchmarked sustainable manufacturing facilities—nine in India and two in Mexico—collectively producing approximately 35 million tires annually. The company serves various segments, including passenger vehicles, commercial vehicles, farm equipment, off-the-road vehicles, and two & three-wheelers, with exports reaching over 100 countries through more than 230 global distributors.