The JK group’s primary business, JK Tyre & Industries, is run by Dr. R. P. Singhania, who also serves as chairman and managing director. One of the major tyre producers in India and one of the top 25 producers globally, it produces a wide range of goods for a variety of market categories, including trucks, buses, light commercial vehicles, passenger cars, multi-utility vehicles, and tractors.
Financial Results:
- JK Tyre & Industries Limited reported Total Income for Q4FY23 of ₹ 3,644 Crores up from ₹ 3,319 Crore year on year, a rise of 10%.
- Total Expenses for Q4FY23 of ₹ 3487.28 Crores up from ₹ 3280.78 Crores year on year, rise of 6%.
- Consolidated Net Profit of ₹ 113 Crores, up 193% from ₹ 38 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹ 4.37, up 168% from ₹ 1.63 in the same quarter of the previous year.