Latest news with #JKTyre&IndustriesLtd
Yahoo
22-05-2025
- Automotive
- Yahoo
JK Tyre & Industries Ltd (BOM:530007) Q4 2025 Earnings Call Highlights: Record Revenues and ...
Release Date: May 21, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. JK Tyre & Industries Ltd (BOM:530007) achieved its highest ever revenues and profitability in FY24, with revenue crossing the INR 15,000 crore mark. The company improved its operating margin by more than 500 basis points to 14.1% over FY23. Net debt was reduced by 18% compared to March 2023, strengthening the balance sheet. The company saw a 43% growth in exports, indicating strong international demand. JK Tyre & Industries Ltd (BOM:530007) is expanding its market presence by adding over 130 brand shops and 200 lead customers, enhancing its distribution network. The demand momentum moderated in the second half of FY24 due to elections, impacting sales. There was a provision of INR 106 crore made for extended producer responsibility (EPR) costs, affecting profitability. The company faces increased competition from Chinese tires in the Mexican market. Raw material costs, particularly rubber, are expected to rise by 3-4%, potentially impacting margins. The commercial vehicle segment showed a muted volume growth due to lower CV outtake. Q: What tax rate is JK Tyre targeting for the financial year 2025? A: The company will be moving into the new tax regime with a target tax rate of 25% from April 1, 2024. This applies to both JK Tyre and Cavendish, which had already adopted the new regime earlier. (Respondent: Unidentified_2) Q: Can you provide details on the net debt movement and repayment plans? A: The gross debt was about INR 4,800 crore last year, and the company repaid approximately INR 3,604 crore, bringing it down to INR 4,450 crore. A similar amount, around INR 350 crore plus, is scheduled for repayment in the financial year 2025. (Respondent: Unidentified_2) Q: What is the expected sales growth for the current year, and have there been any volume losses? A: The company achieved a 3% growth in sales and a 4% volume growth year-on-year, indicating no loss in volume growth. For the current year, JK Tyre is targeting an 8-10% growth, including both volume and pricing. (Respondent: Unidentified_3) Q: How will the volatility in raw material prices, like rubber, impact margins, and are there plans to increase product prices? A: The raw material basket has remained flat on a quarter-on-quarter basis, with an expected rise of 3-4% in the first quarter. The company plans to take a price increase of 1.5-2% across categories to mitigate the impact. (Respondent: Unidentified_3) Q: How is JK Tyre expanding its distribution network, and what impact does this have on profitability? A: JK Tyre has expanded its brand shops to over 800, with plans to add 200+ more in FY 2025. These shops contribute to 50% of sales and offer better customer connectivity and profitability due to value sales pitches and additional services. (Respondent: Unidentified_2) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
21-05-2025
- Business
- Business Standard
Volumes soar at JK Tyre & Industries Ltd counter
JK Tyre & Industries Ltd recorded volume of 166.25 lakh shares by 14:14 IST on NSE, a 18.67 times surge over two-week average daily volume of 8.90 lakh shares Tata Teleservices (Maharashtra) Ltd, Whirlpool of India Ltd, Go Digit General Insurance Ltd, Gland Pharma Ltd are among the other stocks to see a surge in volumes on NSE today, 21 May 2025. JK Tyre & Industries Ltd recorded volume of 166.25 lakh shares by 14:14 IST on NSE, a 18.67 times surge over two-week average daily volume of 8.90 lakh shares. The stock gained 12.91% to Rs.392.80. Volumes stood at 6.87 lakh shares in the last session. Tata Teleservices (Maharashtra) Ltd saw volume of 352.63 lakh shares by 14:14 IST on NSE, a 12.03 fold spurt over two-week average daily volume of 29.31 lakh shares. The stock increased 11.78% to Rs.65.09. Volumes stood at 27.89 lakh shares in the last session. Whirlpool of India Ltd clocked volume of 20.41 lakh shares by 14:14 IST on NSE, a 9.18 times surge over two-week average daily volume of 2.22 lakh shares. The stock lost 1.80% to Rs.1,272.20. Volumes stood at 3.02 lakh shares in the last session. Go Digit General Insurance Ltd saw volume of 43.94 lakh shares by 14:14 IST on NSE, a 8.35 fold spurt over two-week average daily volume of 5.27 lakh shares. The stock increased 7.75% to Rs.327.60. Volumes stood at 6.52 lakh shares in the last session. Gland Pharma Ltd witnessed volume of 8.25 lakh shares by 14:14 IST on NSE, a 6.86 times surge over two-week average daily volume of 1.20 lakh shares. The stock increased 3.88% to Rs.1,556.50. Volumes stood at 1.77 lakh shares in the last session.
Time of India
20-05-2025
- Business
- Time of India
JK Tyre Q4 Results: Net profit drops 42% to Rs 98 crore
JK Tyre & Industries Ltd on Tuesday reported a 42.5 per cent decline in consolidated net profit at Rs 98.66 crore in the fourth quarter ended March 2025, impacted by higher expenses and adverse forex fluctuation. The company had posted a consolidated net profit of Rs 171.66 crore in the corresponding quarter of preceding fiscal, JK Tyre & Industries Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 3,758.6 crore as against Rs 3,698.45 crore in the same period a year ago. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Total expenses in the fourth quarter were higher at Rs 3,633.18 crore as compared to Rs 3,437.9 crore in the year-ago period, it added. Besides, the company said it had incurred an exceptional item outgo of Rs 2.62 crore due to unfavourable foreign exchange fluctuation in the quarter. JK Tyre said in the fourth quarter, India business revenue was up at Rs 3,406.41 crore as compared to Rs 3,215.2 crore in the year-ago period. Live Events However, Mexico revenue was down at Rs 449.6 crore as against Rs 611.77 crore in the corresponding period a year ago. The board has recommended a dividend of Rs 3 per equity share of Rs 2 each for the financial year ended March 2025. In the 2024-25 fiscal, consolidated net profit was down at Rs 509.31 crore from Rs 805.94 crore in 2023-24, the company said. Consolidated revenue from operations in FY25 stood at Rs 14,692.92 crore as compared to Rs 15,001.78 crore in FY24. "Despite a challenging and uncertain global economic landscape, JK Tyre delivered a promising performance in FY2025, gaining significant momentum in the fourth quarter," JK Tyre & Industries Chairman & Managing Director Raghupati Singhania said. In the domestic market, he said the company recorded a healthy uptick in both replacement and OEM segments compared to the same quarter last year. "This growth reflects not only the company's robust brand equity and deep market reach but also the positive macroeconomic environment and growing automotive demand ," Singhania said. On the outlook, he said, "We are entering FY2026 with renewed confidence, backed by a robust demand outlook across all segments." The government's accelerated focus on infrastructure, a strong pipeline of new vehicle launches, potential easing of interest rates, and an expected normal monsoon position the company well for sustained growth, he noted.
Economic Times
20-05-2025
- Automotive
- Economic Times
JK Tyre Q4 Results: Net profit drops 42% to Rs 98 crore
JK Tyre & Industries Ltd on Tuesday reported a 42.5 per cent decline in consolidated net profit at Rs 98.66 crore in the fourth quarter ended March 2025, impacted by higher expenses and adverse forex fluctuation. The company had posted a consolidated net profit of Rs 171.66 crore in the corresponding quarter of preceding fiscal, JK Tyre & Industries Ltd said in a regulatory filing. ADVERTISEMENT Consolidated revenue from operations in the quarter under review stood at Rs 3,758.6 crore as against Rs 3,698.45 crore in the same period a year ago. Total expenses in the fourth quarter were higher at Rs 3,633.18 crore as compared to Rs 3,437.9 crore in the year-ago period, it added. Besides, the company said it had incurred an exceptional item outgo of Rs 2.62 crore due to unfavourable foreign exchange fluctuation in the quarter. JK Tyre said in the fourth quarter, India business revenue was up at Rs 3,406.41 crore as compared to Rs 3,215.2 crore in the year-ago period. However, Mexico revenue was down at Rs 449.6 crore as against Rs 611.77 crore in the corresponding period a year ago. ADVERTISEMENT The board has recommended a dividend of Rs 3 per equity share of Rs 2 each for the financial year ended March 2025. In the 2024-25 fiscal, consolidated net profit was down at Rs 509.31 crore from Rs 805.94 crore in 2023-24, the company said. ADVERTISEMENT Consolidated revenue from operations in FY25 stood at Rs 14,692.92 crore as compared to Rs 15,001.78 crore in FY24. "Despite a challenging and uncertain global economic landscape, JK Tyre delivered a promising performance in FY2025, gaining significant momentum in the fourth quarter," JK Tyre & Industries Chairman & Managing Director Raghupati Singhania said. ADVERTISEMENT In the domestic market, he said the company recorded a healthy uptick in both replacement and OEM segments compared to the same quarter last year. "This growth reflects not only the company's robust brand equity and deep market reach but also the positive macroeconomic environment and growing automotive demand," Singhania said. ADVERTISEMENT On the outlook, he said, "We are entering FY2026 with renewed confidence, backed by a robust demand outlook across all segments." The government's accelerated focus on infrastructure, a strong pipeline of new vehicle launches, potential easing of interest rates, and an expected normal monsoon position the company well for sustained growth, he noted.
Mint
06-05-2025
- Business
- Mint
Recommended stocks to buy today: Top stock picks by market experts for 6 May
The stock market hit its highest closing level of the year on 5 May, helped by strong foreign investments and a boost in confidence owing to falling crude oil prices. Investor optimism has remained solid, with benchmark indices recording gains in 12 of the past 16 sessions. Both Sensex and Nifty 50 have climbed over 10% during this period, driven by strong foreign buying. Most sectors, especially auto, energy FMCG , and metal, witnessed gains, while banking and financials lagged behind. The Sensex closed 295 points (0.4%) higher at 80,797, while the Nifty 50 advanced 114.45 points (0.47%) to 24,461. The BSE Midcap index jumped 1.45%, and the BSE Smallcap index rose 1.23%. Nippon Life India Asset Management Ltd (Cmp: ₹ 653.20) Buy above ₹ 655 and on dips to ₹ 639; stop ₹ 629; target ₹ 705-720 Calcutta Electric Supply Corporation (Cmp: ₹ 164.97) Buy CMP and on dips to ₹ 158; stop ₹ 155; target ₹ 178-184 JK Tyre & Industries Ltd (Cmp: ₹ 320.70) Buy above ₹ 322 and on dips to ₹ 305; stop ₹ 295; target ₹ 330-345 Buy: ITC Ltd (current price: ₹ 437) ● Why it's recommended : Strong financial performance, growth prospects, market position, and operational efficiency. ● Key metrics : P/E: 26.64; 52-week high: ₹ 495; volume: ₹ 502.63 crore ● Technical analysis : Bounced back from its 100-DMA ● Risk factors : Overvaluation concerns, high ESG risk rating ● Buy at : ₹ 437 ● Target price : ₹ 465 in 3 months ● Stop loss : ₹ 421 Buy: Jyoti Cnc Automation Ltd (current price: ₹ 1,165) ● Why it's recommended : Strong market position in precision engineering, export growth, and global presence. ● Key metrics : P/E: 80.36; 52-week high: ₹ 1,504; volume: ₹ 69.45 crore ● Technical analysis : Downward sloping trendline breakout and 200-DMA retake ● Risk factors : Margin sensitivity to raw material costs and exposure to cyclical industries ● Buy at : ₹ 1,165 ● Target price : ₹ 1,400 in 3 months ● Stop loss : ₹ 1,055 Buy: Adani Enterprises Ltd (current price: ₹ 2,455) Why it's recommended : Stock has created a double top at the ₹ 2,480 level, after which some selling was observed. However, it has retested its important level of ₹ 2,440 and resumed a bullish trend. Daily volumes remain high, and on the daily chart, the stock had formed a double bottom at ₹ 2,035 and has given a good breakout recently. Key metrics : Resistance level: ₹ 2,480 (double top); Support level: ₹ 2,440 (retest); Pattern: Double bottom breakout at ₹ 2,035 (daily chart); Volume: High daily volume. Technical analysis : Price action shows successful retest of key level and resumption of bullish momentum . Volume and double bottom confirmation support further upside. Risk factors : Sensitive to regulatory news and group-level volatility, especially in the infrastructure and energy sectors. Buy at : ₹ 2,455 Target price : ₹ 2,500-2,530 in 1 week Stop loss : ₹ 2,420 Buy: Mahindra & Mahindra (current price: ₹ 3,021) Why it's recommended : On the daily chart, the stock gave a falling wedge breakout at ₹ 2,700, after which a strong rally followed, pushing the price above ₹ 3,000. This rally is expected to continue toward ₹ 3,150 in the short term, as the next supply zone lies around that level. The stock has also broken its 61.8% Fibonacci retracement level, which further confirms the bullish trend. Key metrics : Breakout level: ₹ 2,700 (falling wedge breakout); Target zone: ₹ 3,150 (supply zone); Technical level: Broke 61.8% Fibonacci retracement Technical analysis : Breakout from bullish falling wedge with follow-through buying. Breach of 61.8% retracement adds conviction to the trend continuation. Risk factors : Auto sector can be affected by raw material costs, policy changes, and rural demand trends. Buy at : ₹ 2,920-2,950 Target price : ₹ 3,150-3,170 in 1 week Stop loss : ₹ 2,945 Buy: Bajaj Finance Ltd (current price: ₹ 8,932) Why it's recommended : Stock has given a bullish pennant breakout on the lower time frame, indicating strong continuation potential. Additionally, the hourly RSI is trending upward and is currently at 55 levels, supporting the bullish momentum. Key metrics : Pattern: Bullish pennant breakout (lower time frame), RSI: Trending up at 55 (hourly) Technical analysis : Breakout pattern on intraday chart supported by rising RSI suggests further upside. Structure indicates momentum-driven move toward next resistance zone. Risk factors : NBFCs are exposed to interest rate changes, credit cycle risk, and macroeconomic conditions. Buy at : ₹ 8,932 Target price : ₹ 9,100-9,140 in 1 week Stop loss : ₹ 8,848 Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. MarketSmith India: Trade name: William O'Neil India Pvt. Ltd. Its Sebi-registered research analyst registration number is INH000015543. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions."
