JK Tyre recorded net profits of Rs.57 crore in Q3FY25
Indian Tyre Industry major, JK Tyre & Industries Ltd. (JK Tyre) today announced its unaudited results for Q3 of FY2025.
Commenting on the results, Dr. Raghupati Singhania, Chairman & Managing Director (CMD), stated, “JK Tyre witnessed a healthy growth in the Replacement market during the Quarter. Rising raw material cost, particularly in natural rubber impacted the margins, which was to an extent addressed by certain price revisions and cost optimization. Looking ahead, demand in the Replacement market is promising, and the OEM sector is on a recovery path. Moreover, Export Markets offer new opportunities, given the Rupee/Dollar parity”.
JK Tyre is focusing on premiumization of it’s product range across segments, which will help profitability.
JK Tyre’s subsidiaries, Cavendish Industries Ltd. (CIL) and JK Tornel, Mexico, continued to make healthy contributions to the overall revenues and profitability of the Company.
Dr. Singhania added that, as a part of our digital transformation journey, we recently established a Digital & Analytics Centre of Excellence (DnA COE), which will help strengthen data driven operational efficiencies and innovation.
JK Tyre is the 1st tyre company in India to tie up Sustainability Linked Loan (SLL) with International Finance Corporation (IFC), which demonstrates its commitment to shaping a sustainable future in line with its Vision to become a “Green & Trusted Mobility Partner
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