JK Tyre & Industries Limited

JKTYRE

INE573A01042

Tires & Rubber Products

Market Closed - Bombay S.E. Other stock markets 06:00:50 2024-04-26 am EDT			5-day change	1st Jan Change
409.8 ^INR	-1.05%		+1.65%	+2.87%

Mar. 29	Jk Tyre & Industries Limited Receives Order from Gst Authorities for Penalty	CI
Feb. 09	India's MRF Q3 profit jumps three-fold on uptick in two-wheeler sales	RE

JK Tyre & Industries Limited Reports Earnings Results for the Half Year Ended September 30, 2023

November 01, 2023 at 07:23 am EDT

JK Tyre & Industries Limited reported earnings results for the half year ended September 30, 2023. For the half year, the company reported sales was INR 76,156.1 million compared to INR 73,995.5 million a year ago. Revenue was INR 76,317.3 million compared to INR 74,139.2 million a year ago.

Net income was INR 3,959.8 million compared to INR 885.1 million a year ago. Basic earnings per share from continuing operations was INR 15.26 compared to INR 3.59 a year ago. Diluted earnings per share from continuing operations was INR 15.21 compared to INR 3.59 a year ago.

Latest news about JK Tyre & Industries Limited

Jk Tyre & Industries Limited Receives Order from Gst Authorities for Penalty	Mar. 29	CI
India's MRF Q3 profit jumps three-fold on uptick in two-wheeler sales	Feb. 09	RE
Transcript : JK Tyre & Industries Limited, Q3 2024 Earnings Call, Feb 08, 2024	Feb. 08
JK Tyre & Industries's Fiscal Q3 Consolidated Net Profit Surges	Feb. 08	MT
India's Apollo Tyres third-quarter profit surges 70%	Feb. 07	RE
JK Tyre & Industries Limited Announces Appointment of Shri Kamal Kumar Manik as Joint Company Secretary	Feb. 06	CI
Jk Tyre & Industries Limited Declares Interim Dividend, Payable on 27 February, 2024	Feb. 06	CI
JK Tyre & Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Feb. 06	CI
JK Tyre & Industries Limited Reports Earnings Results for the Nine Months Ended December 31, 2023	Feb. 06	CI
JK Tyre & Industries Successfully Raises Rs.500 Crore through Qualified Institutional Placement	Jan. 02	MT
JK Tyre & Industries Limited announced that it has received INR 4.999999785 billion in funding	Dec. 31	CI
JK Tyre Logs Sharp Rise in Fiscal Q2 Consolidated Profit	Nov. 02	MT
JK Tyre Gets Board Nod for Manufacturing Capacity Expansion	Nov. 01	MT
JK Tyre & Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	Nov. 01	CI
JK Tyre & Industries Limited Reports Earnings Results for the Half Year Ended September 30, 2023	Nov. 01	CI
India's Apollo Tyres Q1 profit more than doubles on lower costs	23-08-10	RE
JK Tyre & Industries Limited Declares Dividend for the Financial Year Ended 31 March 2023	23-08-04	CI
India's JK Tyre posts four-fold jump in profit on lower costs, strong demand	23-08-04	RE
JK Tyre & Industries Limited Reports Earnings Results for the First Quarter Ended June 30, 2023	23-08-04	CI
India's MRF reports five-fold jump in Q1 profit on cooling rubber prices, higher demand	23-08-03	RE
JK Tyre Completes First Phase of Capacity Expansion of Banmore, India Manufacturing Unit	23-06-29	MT
JK Tyre & Industries Ltd. Announces Completion of the First Phase of Capacity Expansion of their Manufacturing Facility Located in Banmore, Madhya Pradesh	23-06-29	CI
India Ratings Upgrades JK Tyre Rating to A+; Revises Outlook to Stable	23-06-21	MT
India Ratings Upgrades Rating on JK Tyre Unit to A; Revises Outlook to Stable	23-06-20	MT
JK Tyre Sees Sharp Rise in Fiscal Q4 Consolidated Net Profit	23-05-18	MT

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Company Profile

JK Tyre & Industries Limited is an India-based tyre manufacturer. The Company and its subsidiaries are engaged in developing, manufacturing, marketing and distributing automotive tyres, tubes, flaps and retreads. The Company's segments include India, Mexico and Others. The Company markets its tyres for sale to vehicle manufacturers for fitment in original equipment and for sale in replacement markets worldwide. It provides end-to-end solutions across segments of passenger vehicles, commercial vehicles, farming, off-the-road, and two and three-wheelers. Its puncture guard product prevents punctures. It provides Smart Tyre technology and Tyre Pressure Monitoring Systems, which offers TREEL sensors that monitors the tyre's vital statistics, including pressure and temperature. It also has a network of over 6000 dealers and 650 brand shops called as Steel Wheels, Truck Wheels and Xpress Wheels. The Company has approximately 12 manufacturing facilities: nine in India and three in Mexico.

Sector

Tires & Rubber Products

Calendar

2024-05-15 - Q4 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

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Last Close Price

409.8 INR

Average target price

506.2 INR

Spread / Average Target

+23.52%

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Sector Tire & Tube Manufacturers

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PT MULTISTRADA ARAH SARANA TBK	+43.04%	3.08B

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