Latest news with #JKTyre&Industries
Mint
2 days ago
- Automotive
- Mint
The three keys to staying ahead of your to-do list
Anshuman Singhania's early days at the office were spent on the shop floor, stationed at different manufacturing locations to understand the business of tyres. His interaction with colleagues across age groups and at various levels made him realise the importance of teamwork and the value of empathy in leadership. 'Understanding ground realities, developing listening skills, navigating people-related matters and deep process knowledge are critical for informed business decisions. Those early experiences are very dear to me, as they have shaped the person I am today," says New Delhi-based Singhania, 45, Managing Director, JK Tyre & Industries. A lot of the learning was put into practice when he took over as Managing Director in 2020 during the Covid-19 pandemic. He prioritised the safety and security of the workforce and focussed on sustained operations at the enterprise to get through the difficult times. 'Working with my core team, we de-prioritised business growth in that year, instead choosing to lead with empathy. Overcoming the pandemic as a team helped strengthen our culture to bring agility to our organisation," he says. Singhania talks to Lounge about mentorship and the importance of good communication. Who do you consider your mentor? I didn't have to go too far to find a mentor. My uncle, Dr Raghupati Singhania, CMD of JK Tyre, has been my mentor. I have learnt much from him, including humility, setting and achieving challenging goals, and how to lead. I deeply value his continued mentorship, which has been instrumental in my journey. One major insight you worked on with your mentor's guidance? For many decades, we have been driven by the theme of 'Make in India, for India'. A key insight was that with our improved product quality, portfolio and brand strength, we could expand this to 'Make in India, for the World'. With my mentor's guidance, we at JK Tyre decided to make this happen. Over the past few years, we have executed an enterprise acquisition in Mexico, along with technology partnerships in Italy and with IIT Chennai, to now be recognised as an 'Indian-born global tyre company'. There are many miles to go, of course, but I am already proud of the way we have pivoted the company to achieve this. What does being a mentor mean to you? How do you mentor your colleagues at work? Being a mentor means empowering others to reach their full potential. For me, open communication, active listening and cross-functional teamwork are keys to workplace success, and I try to inspire my colleagues to adopt these values in their day-to-day lives. What's your morning schedule like? Health and fitness have always been the No.1 priority for me, so I start each day with my regular workout regime. It sets a productive tone for the day and helps me prepare mentally for the day ahead. What are some of the productivity principles you follow that have made your professional and personal life much easier? Productivity comes from a disciplined and balanced approach to work and life. I prioritise meticulous planning, effective time management and leveraging technology solutions when suitable. What's the one positive work routine you have developed during the pandemic? During the pandemic, I ensured continuity of communication with my team through virtual check-ins. I found that these quick reviews helped enhance alignment and boost morale. I have continued this routine ever since, engaging directly, quickly and efficiently. This ensures collaboration and clarity across teams. Any book or podcast you would recommend about mentorship and growth? I regularly listen to various podcasts on current affairs and growth, such as BBC Global, Huberman Labs and Dave Asprey. I love reading The Economist magazine end-to-end. I've gained a lot from these and would recommend them for continuous learning. How do you unwind? Do you pursue any serious hobbies? I unwind when I am with family and friends. I also spend time regularly in the gym and cycling. These activities help me recharge and maintain a healthy balance. Also read: Why the office needs to embrace Gen Z's work attitude
Time of India
4 days ago
- Automotive
- Time of India
JK Tyre targets 1 mn unit capacity expansion in FY26; bets on digitalisation for efficiency
JK Tyre is looking to ramp up its manufacturing capacity in the current fiscal while also focusing on digitalisation of its operations to improve overall efficiency, said a top official of the company. 'We are basically increasing by another million. So, we are increasing capacity in passenger tyres, as well as in trucks and light trucks,' Anil Kumar Makkar, group chief sustainability officer, JK Organisation and manufacturing director, JK Tyre & Industries, told ETAuto. The Delhi-headquartered company will expand its tyre manufacturing capacity from 29 million units to about 30.5 million units in FY26, aided by the ₹1,400 crore capital expenditure (Capex) earmarked for the fiscal. The overall expansion will be driven by an increase in the capacity of its existing plants in Banmore, Madhya Pradesh, and Uttarakhand, Makkar said. The Banmore facility's capacity will be expanded from 20,000 to 30,000 tyres daily in the fiscal year 2026, with the balance being driven by the Uttarakhand plant. The company will majorly focus on increasing the production of radial tyres, a segment that currently serves the passenger car, truck, and light truck sectors. Digital Drive Across JK Tyre's Plants In order to achieve operational efficiency, the company is betting big on automation, enabled by artificial intelligence (AI) and machine learning (ML). The adoption has helped it reduce complaint resolution time from 20 days to just 20 minutes. At the Chennai plant, the tyre major has implemented digital traceability with barcode tracking from raw materials to finished goods. With data-backed decisions, Makkar said the company has been able to achieve a 'significant enhancement in efficiency'. 'We use data scientists to analyse data and identify gaps where we can improve. This has helped us increase the company's capacity by over 14 per cent,' he added. The company's Chennai and Banmore plants are almost fully equipped with the latest technologies, while the Uttarakhand plant is currently transforming. On the other hand, the Mexico plant is being modernised with the latest machinery to manufacture larger rim sizes of 18 inches to 21 inches. It currently serves the US market. With the incorporation of AI and digitalisation in the company's plants, the tyre major also aims to upskill its current workforce. Sustainability Initiatives The tyremaker has also set ambitious sustainability targets, including becoming carbon neutral by 2050. Currently, renewable energy accounts for 57 per cent of standalone operations, and approximately 45 per cent of the company's overall operations include the Cavendish acquisition. 'We are targeting around 70 per cent renewable power and also looking at roughly 60 to 65 per cent biomass usage…which will probably require some investment to upgrade boilers and related infrastructure. That is all fully planned,' the executive said.
Business Standard
21-05-2025
- Business
- Business Standard
JK Tyre & Industries consolidated net profit declines 42.69% in the March 2025 quarter
Sales rise 1.63% to Rs 3758.60 crore Net profit of JK Tyre & Industries declined 42.69% to Rs 97.04 crore in the quarter ended March 2025 as against Rs 169.33 crore during the previous quarter ended March 2024. Sales rose 1.63% to Rs 3758.60 crore in the quarter ended March 2025 as against Rs 3698.45 crore during the previous quarter ended March 2024. For the full year,net profit declined 37.04% to Rs 495.04 crore in the year ended March 2025 as against Rs 786.23 crore during the previous year ended March 2024. Sales declined 2.06% to Rs 14692.92 crore in the year ended March 2025 as against Rs 15001.78 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 3758.603698.45 2 14692.9215001.78 -2 OPM % 9.6613.01 - 10.8813.85 - PBDT 263.65388.18 -32 1201.541675.02 -28 PBT 146.71276.18 -47 745.051238.27 -40 NP 97.04169.33 -43 495.04786.23 -37
Business Standard
21-05-2025
- Business
- Business Standard
JK Tyre & Industries standalone net profit declines 34.00% in the March 2025 quarter
Sales rise 2.20% to Rs 2673.70 crore Net profit of JK Tyre & Industries declined 34.00% to Rs 96.55 crore in the quarter ended March 2025 as against Rs 146.29 crore during the previous quarter ended March 2024. Sales rose 2.20% to Rs 2673.70 crore in the quarter ended March 2025 as against Rs 2616.08 crore during the previous quarter ended March 2024. For the full year,net profit declined 34.79% to Rs 385.23 crore in the year ended March 2025 as against Rs 590.76 crore during the previous year ended March 2024. Sales declined 1.33% to Rs 10176.33 crore in the year ended March 2025 as against Rs 10313.27 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2673.702616.08 2 10176.3310313.27 -1 OPM % 9.8512.72 - 9.8913.20 - PBDT 210.88286.97 -27 808.501155.67 -30 PBT 140.75221.72 -37 539.97903.22 -40 NP 96.55146.29 -34 385.23590.76 -35
Business Upturn
21-05-2025
- Business
- Business Upturn
JK Tyre shares drop 3% as Q4 profit falls 43% YoY to Rs 97 crore
By Aman Shukla Published on May 21, 2025, 09:24 IST Shares of JK Tyre & Industries dropped 3% in early trade on Wednesday after the company reported a sharp decline in its Q4 FY25 earnings. As of 9:22 AM, the shares were trading 2.66% lower at Rs 338.65. The tyre maker posted a 42.7% year-on-year fall in consolidated net profit, which slipped to ₹97 crore from ₹169.3 crore in the same quarter last year. Despite modest growth in revenue, profitability was impacted by narrowing margins and rising input costs. Revenue from operations rose 1.6% YoY to ₹3,758.6 crore, compared to ₹3,698.5 crore in Q4 FY24. The company's operating performance saw significant pressure. EBITDA fell 24.6% to ₹363 crore from ₹481.2 crore a year ago, while EBITDA margin contracted to 9.7% from 13% last year. The decline in margins reflects the impact of higher raw material costs and pricing pressures in a competitive market. JK Tyre opened at ₹340.00 today, hitting a high of ₹343.45 and a low of ₹335.50 during intraday trading. The stock remains volatile, trading well below its 52-week high of ₹511.00, yet significantly above its 52-week low of ₹243.00. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
