JK Tyre Q3 Profit Jumps To Rs 230 Crore

Published On 22-Jan-2021By TyreDekho Team

The company had posted a consolidated net profit of ₹10.27 crore in the third quarter of last fiscal.

JK Tyre Reports Net Loss Of Rs 53 Cr In Q4

JK Tyre & Industries Ltd on Thursday reported a multi-fold jump in consolidated net profit at ₹230.46 crore in the third quarter ended December 31, 2020.

The company had posted a consolidated net profit of ₹10.27 crore in the third quarter of last fiscal. Revenue from operations grew to ₹2,769.28 crore against ₹2,199.80 crore.

Commenting on the results, Dr. Raghupati Singhania, Chairman and Managing Director, said, “JK Tyre turned out an excellent performance in Q3 - in terms of Sales and Profitability. This was largely driven by the increased demand for Passenger, Commercial vehicle as well as Farm tyres. Continued focus on improvement in operating efficiencies and reduction in interest costs, contributed to improved profitability.”

Also Read: JK Tyre Announces OEM Association With Kia Motors, To Supply Tyres For Seltos

Dr Singhania added “All nine, JK Tyre plants in India, operated at close to 96% capacity utilization during Q3. It is a matter of satisfaction that some of the plants have achieved certain global benchmark operating parameters.”

Cavendish Industries Ltd, a JK Tyre subsidiary, also achieved capacity utilisation of nearly 95 per cent at its three plants. It had sales of ₹788 crore, the company said.

Looking for new tyres? Find dealers near you

Besides, the Company’s subsidiary in Mexico - JK Tornel, continued to perform well, marked by a significant improvement in Sales and Profitability. The Company foresees a sustained Sales and Profitability during the coming period, it further added.

Source: PTI

You Might Also Be Interested In

Latest Tyres

  • Car
  • Bike
  • Truck
  • SPORTRAD
    SPORTRAD
    110/70Z R17 54W
    Rs5,999
    • iconBike Tyre
    • icon
    • iconFuel Efficient
    • iconWet Grip
    View July Offers
  • Zapper C1
    Zapper C1
    90/100 R10
    Rs1,345
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View July Offers
  • Centauro NS
    Centauro NS
    190/55 R17
    Price Coming Soon
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View July Offers
  • Smart Blaze RYDR BR43
    Smart Blaze RYDR BR43
    140/70-17
    Rs4,200
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View July Offers
  • Conta 725
    Conta 725
    90/90 R12
    Rs1,490
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View July Offers
  • icon5
    M6303
    M6303
    90/90 R12 54J
    Price Coming Soon
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View July Offers
  • BT SPORTMAXX
    BT SPORTMAXX
    140/70 R17
    Price Coming Soon
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View July Offers
  • Feelfree
    Feelfree
    120/70 R15 56H M/C
    Price Coming Soon
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View July Offers

Best Tyres

  • Car
  • Bike
  • Truck
  • SecuraDrive
    SecuraDrive
    205/60 R16
    Rs6,870
    • iconCar Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View July Offers
  • Fuel Smarrt
    Fuel Smarrt
    165/80 R14 85T
    Rs3,720
    • iconCar Tyre
    • iconTubeless
    • iconFuel efficient
    • iconDry Grip
    View July Offers
  • Sturdo
    Sturdo
    205/55 R16
    Rs10,814
    • iconCar Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View July Offers
  • ZVTV
    ZVTV
    185/65 R15 88T
    Rs4,299
    • iconCar Tyre
    • iconTubeless
    • iconWet Grip
    • iconDry Grip
    View July Offers
  • icon5
    Energy XM2
    Energy XM2
    165/70 R14 81T
    Rs3,880
    • iconCar Tyre
    • iconTubeless
    • iconHandling
    • iconWet Grip
    View July Offers
  • icon5
    Earth-1E400
    Earth-1E400
    185/65 R15 88H
    Rs6,563
    • iconCar Tyre
    • iconTubeless
    • iconFuel efficient
    • iconHandling
    View July Offers
  • Milaze
    Milaze
    145 R12
    Rs1,976
    • iconCar Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View July Offers
  • ZLX
    ZLX
    165/80 R14 85T
    Rs4,683
    • iconCar Tyre
    • iconTubeless
    • iconWet Grip
    • iconDry Grip
    View July Offers
×
Which is your city ?