Indian Tyre Industry major, JK Tyre & Industries announced its unaudited results for Q1 of FY25. The company’s revenue stood at Rs 3,655 crore while its profit after tax stood at Rs 212 crore.
Commenting on the results, Dr Raghupati Singhania, Chairman and Managing Director (CMD), said, “We continue to deliver profitable growth with a year-on-year increase in operating margins. Our strategic thrust on premiumization and pricing has helped us to manage the raw material cost pressures. Although overall revenues were marginally lower due to a decline in the OEM segment, this was largely offset by increased exports.”
During the quarter, exports recorded healthy double-digit growth, despite geo-political disruptions and rising ocean freights. Looking ahead, JK Tyre expects export demand to pick up.
JK Tyre’s subsidiaries, Cavendish Industries and JK Tornel, Mexico, continued to make significant contributions to the company’s overall revenues and profitability.
Dr Singhania added, “We remain optimistic about the outlook for tyre demand, driven by ongoing policy reforms including continued focus on infrastructure development. Moreover, the upcoming festive season and favourable monsoon conditions augur well for the industry.”
