JK Tyre and Industries reported a 26.8 per cent YoY profit decline in the first quarter of FY26. The company posted a profit after tax of Rs 154.8 crore in Q1 FY26, while its PAT in Q1 FY25 stood at Rs 211.7 crore.
Further, JK Tyre registered a 6.3 per cent revenue growth in the quarter. The company’s revenue stood at Rs 3,868 crore in Q1 FY26 against a revenue of Rs 3,639 crore in Q1 FY25.
JK Tyre Q1 results: margins shrink
JK Tyre’s EBITDA stood at Rs 424 crore in Q1 FY26. The company’s EBITDA declined 17.8 per cent YoY in the quarter as it stood at Rs 516 crore in Q1 FY26.
JK Tyre’s EBITDA margin also came down from 14.1 per cent in Q1 FY25 to 10.9 per cent in Q1 FY26.
The company said that its sales grew 11 per cent YoY in the quarter. Raghupati Singhania, Chairman and Managing Director of JK Tyre and Industries, said that despite challenges and an uncertain macroeconomic environment, the export of passenger car tyres witnessed strong traction.