Conference Call with JK Tyre & Industries Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Auto Tyres & Rubber products company JK Tyre & Industries announced Q1FY25 results: Revenues: Rs 3,655 crore EBITDA: Rs 516 crore EBITDA Margin: 14.1% Profit Before Tax: Rs 290 crore Profit After Tax: Rs 212 crore Commenting on the results, Ragbupati Singhania, Chairman and Managing Director (CMD), said, "We continue to deliver profitable growth with YoY increase in operating margins. Our strategic thrust on premiumization and pricing have helped us to manage the raw material cost pressures. Although overall revenues were marginally lower due to decline in the OEMsegment, this was largely offset by increased exports. During the quarter, exports recorded healthy double-digit growth, despite geo-political disruptions and rising ocean freights. Looking ahead, we expect export demand to pick up. JK Tyre's subsidiaries, Cavendish Industries Ltd. (CIL) and JK Tornel, Mexico, continued to make significant contributions to the overall revenues and profitability of the company. We remain optimistic about the outlook for tyre demand, driven by ongoing policy reforms including continued focus on infrastructure development. Moreover, upcoming festive season and favorable monsoon condition augur wellfor the industry. At JK Tyre, we are committed to continue our focus on digitalization, R&D;,innovation, sustainability, customer-centricity, and technology-driven manufacturing. Result PDF