JK Tyre & Industries is the flagship company of the JK group which is headed by Dr R P Singhania as its chairman and managing director. It is a one of the leading tyre manufacturers in India and amongst the top 25 manufacturers in the world with a wide range of products catering to diverse business segments that includes Truck/Bus, LCV (Light commercial vehicles), Passenger Cars, MUV (Multi utility vehicles) and Tractors.
Financial Results:
- JK Tyre & Industries Ltd reported Revenues for Q2FY24 of ₹3,898.00 Crores up from ₹3,757.00 Crore year on year, a rise of 3.75%.
- Total Expenses for Q2FY24 of ₹3,525.00 Crores down from ₹3,667.00 Crores year on year, a fall of 3.87%.
- Consolidated Net Profit of ₹249.00 Crores up 398.0% from ₹50.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹9.83, up 372.60% from ₹2.08 in the same quarter of the previous year.