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JK Tyre Profit Soars 295% on Strong Sales
9 Feb
Summary
- Consolidated net profit surged 294.96% to Rs 207.75 crore in Q3 FY26.
- Revenue from operations increased by 14.95% to Rs 4,222.96 crore.
- Merger with Cavendish Industries successfully completed during the quarter.
JK Tyre & Industries has announced a robust financial performance for the third quarter of fiscal year 2026 (Q3 FY26). The company's consolidated net profit experienced a dramatic increase of 294.96%, reaching Rs 207.75 crore, compared to the same period in the previous fiscal year.
This substantial profit growth was underpinned by a 14.95% rise in revenue from operations, which totalled Rs 4,222.96 crore in Q3 FY26. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw a significant year-on-year increase of 74.03%, reaching Rs 583 crore, with an improved EBITDA margin of 13.8%.
The domestic market demonstrated strong performance with healthy double-digit growth of 16% year-on-year, fueled by a 12% increase in the replacement segment and a remarkable 27% growth in the original equipment manufacturer (OEM) segment. Exports also remained resilient amidst global market uncertainties.
