New Delhi: JK Tyre & Industries Ltd., a leading name in the Indian tyre sector, reported a net profit of Rs.144 crore for the second quarter of FY2025, despite facing economic challenges and market volatility.
Announcing the results, Dr. Raghupati Singhania, Chairman and Managing Director, highlighted that JK Tyre held its ground in the passenger car segment, even as demand softened. The commercial vehicle sector, too, experienced a slowdown, attributed to the impact of the general election and unusually heavy monsoon rains affecting the quarter’s revenue. However, a strong export performance provided a cushion against the domestic decline. JK Tyre continued to maintain its dominant market share in the electric vehicle (EV) bus segment, securing a leading position across both original equipment manufacturer (OEM) and replacement markets.
Rising natural rubber prices—spurred by unfavorable weather and supply chain disruptions—impacted the company’s operating profit margins. JK Tyre partially offset these pressures through strategic price adjustments, product premiumization, and inventory management.
Looking ahead, Dr. Singhania projected an upswing in demand for the second half of the fiscal year, driven by the festive season, a recovery in government infrastructure projects, and normalization of construction, industrial, and mining activities after the rains.
JK Tyre’s subsidiaries, Cavendish Industries Ltd. (CIL) and JK Tornel in Mexico, continued to boost the company’s revenue and profitability, underscoring the importance of these global ventures.
With a strong commitment to sustainability, JK Tyre has pledged to halve its carbon footprint by 2030, embedding environmentally conscious practices into its manufacturing and product development processes. The company was recently awarded the Mahatma Award 2024 for its initiatives in sustainable development and community impact—a recognition that Dr. Singhania proudly emphasized as a testament to JK Tyre’s long-term commitment to positive change.
| Consolidated (Rs. crore) | Q2FY25 |
| Revenues | 3,643 |
| EBIDTA | 443 |
| EBIDTA Margin | 12.2% |
| Profit before Tax (PBT) | 199 |
| Profit after Tax (PAT) | 144 |
