JK Tyre Q4 profit jumps 80% on record sales and better margins

JK Tyre Q4 profit jumps 80% on record sales and better margins


JK Tyre & Industries said on Tuesday, May 26, it reported an 80.2% year-on-year rise in consolidated net profit for the fourth quarter of FY26 at ₹178 crore, compared to ₹99 crore in the year-ago period, aided by strong volume growth, improved product mix and cost optimisation initiatives.

One of India’s leading tyre manufacturers revenue from operations rose 12.4% to ₹4,223.4 crore in Q4FY26 against ₹3,758.6 crore a year ago, while EBITDA increased 47.9% to ₹537.1 crore from ₹363.1 crore.

EBITDA margin expanded to 12.7% from 9.7% in the corresponding quarter last year.

The board has recommended a dividend of ₹4 per equity share of face value ₹2 each for FY26.

India remained the key contributor to segment revenue during the quarter at ₹3,903.25 crore, up from ₹3,406.41 crore a year ago, while Mexico contributed ₹377.57 crore compared with ₹449.60 crore in Q4FY25. Total segment revenue stood at ₹4,281.91 crore.

Chairman and Managing Director Raghupati Singhania said FY26 was a landmark year for the company, with record volumes across segments and the highest-ever annual consolidated revenue of ₹16,384 crore. He added that EBITDA for the year rose 25% to ₹2,089 crore.

The company said revenue growth was supported by buoyant domestic demand, aided by GST and personal tax reforms, easing interest rates, improving economic activity and festive season demand. Sales volumes in India grew 21% year-on-year across segments during Q4, led by a sharp 42% rise in the OEM segment.

JK Tyre said exports remained resilient despite geopolitical uncertainties, including the ongoing West Asia conflict. The company’s Mexico subsidiary, JK Tornel, also contributed significantly to consolidated performance during the quarter.

Singhania said the company has laid a strong foundation through capacity expansion and a sharper focus on higher value-added products for domestic as well as export markets, positioning it for profitable growth in FY27 despite near-term input cost challenges.

Also Read: Markets may have bottomed out; Nifty could head towards 25,800: Rohit Srivastava

JK Tyre & Industries shares ended 2.57% higher at ₹396.40 on the NSE on Tuesday ahead of the announcement of its March quarter results.

Also Read: Fino Payments Bank gets RBI nod to extend Ketan Merchant’s interim CEO tenure by 3 months



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *