JK Tyre July-September Net Profit Jumps 64% on Strong Revenue Growth; Margins Stay Firm

JK Tyre & Industries Ltd. reported a sharp rise in its September quarter consolidated net profit, aided by higher sales and lower finance costs.
The company’s net profit surged 64% on year to ₹2.21 billion, while revenue from operations increased nearly 11% to ₹40.11 billion. Sequentially, profit rose 34% and revenue grew 4%.
Total expenditure, including finance cost, climbed to ₹37.14 billion in July–September from ₹34.34 billion a year earlier. Finance cost fell to ₹1.08 billion from ₹1.20 billion, while other income dropped to ₹143 million from ₹215.9 million. The company also booked a one-time loss of ₹74.8 million during the quarter.
Tax expense rose to ₹815.3 million from ₹545.4 million in the same period last year. For April–September, JK Tyre’s net profit increased nearly 12% to ₹3.87 billion, and revenue grew 8.5% to ₹78.8 billion.