Conference Call with JK Tyre & Industries Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Auto Tyres & Rubber Products company JK Tyre & Industries announced FY24 results: Revenue: 15,046 crore EBIDTA: 2,122 crore EBIDTA Margin: 14.1% PBT: 1,211 crore PAT: 811 crore Commenting on the results, Raghupati Siaghania, Chairman and Managing Director (CMD), said, “JK Tyre achieved highest ever sales & profits during W2024. Sales at Rs 15,046 crore was marginally higher with EBIDTA of Rs 2,122 crore increasing by 59% and PAT of Rs 811 crore registering a 2X increase. This performance is attributed to our continued focus on product premiumization, widening market reach and tech enabled manufacturing & digitalization across operations achieving better efficiencies. Moreover, our strategic initiatives to fortify our balance sheet through equity infusion yielded fruitful results, reinforcing our financial resilience”. Result PDF
Conference Call with JK Tyre & Industries Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
JK Tyre & Industries announced Q3FY24 results: In Q3FY24, the company recorded a net revenue of Rs 3,700 crore Achieved an EBIDTA of Rs 563 crore, marking a remarkable growth of 61% compared to the same period last year. EBIDTA Margin of 15.2% Profit Before Tax of Rs 341 crore in Q3FY24 Profit After Tax of Rs 227 crore in Q3FY24 Notably, the net debt at Rs 3,456 crore registered a 24% reduction from the levels recorded in March 2023. Based on the performance of the company, the Board has decided and declared an interim dividend of Re 1 per equity share (50%) having a face value of Rs 2 per share. Dr. Raghupati Singhania, the Chairman and Managing Director (CMD), stated, "At JK Tyre, we remain committed to achieving profitable growth centered on product premiumization, volume expansion, and optimizing our product mix. The demand outlook remains optimistic, driven by the strong momentum in economic activity and positive consumer sentiments, across product categories. The global demand scenario is still challenging due to geo-political disturbances affecting exports during the quarter. Highlighting the significant contributions of subsidiaries, namely Cavendish Industries Ltd. (CIL) and JK Tornel, Mexico, Dr. Singhania acknowledged their role in bolstering the company's overall revenues and profitability. We have successfully raised Rs 500 crore by way of QIP in December 2023, which received an overwhelming response from investors at large, reinforcing investors confidence in JK Tyre’s growth story”. Result PDF