JK Tyre Q1 Results Post Strategy: Revenue & Income में तेजी लेकिन Sales में क्यों दिखी कमी?

The fall in the overall revenues due to a decline in the OEM segment was largely offset by increased exports.

JK Tyre Q1 Results: Profit Rises 37% To Rs 211 Crore

During the quarter, the company’s exports saw double-digit growth despite geopolitical disruptions and rising ocean freight costs. Looking ahead, JK expects export demand to pick up

JK Tyre Q1 results: PAT rises 37% to Rs 211 cr amid decline in revenue

JK Tyre & Industries recorded a 37% rise in net profit to Rs 211 crore for the first quarter of FY25, compared to Rs 154 crore in the same period last year. Despite a slight drop in total income, the company mitigated this with strong export growth and contributions from its subsidiaries.

JK Tyre Q1 Results: Net profit zooms 37% YoY to Rs 211 cr; total income falls to Rs 3,655 cr

JK Tyre & Industries on Saturday reported a 37 per cent year-on-year increase in consolidated net profit at Rs 211 crore in the first quarter ended June 30, 2024.

JK Tyre Q1 result: PAT rises 37% to Rs 211 cr, total income at Rs 3,655 cr

JK Tyre & Industries consolidated net profit rises 37.41% in the June 2024 quarter

IFCI Ltd, Tanla Platforms Ltd, MMTC Ltd and JK Tyre & Industries Ltd are among the other gainers in the BSE’s ‘A’ group today, 15 July 2024.

Godfrey Phillips India Ltd leads gainers in ‘A’ group

Balkrishna Industries said in its FY24 annual report said that there has been a notable increase in demand for vehicles globally, which provide growth opportunities for tire industry.

Tyre stocks in focus; JK Tyre, Ceat, TVS, Goodyear rally up to 12%

Long term loans - IND AA-/Stable (upgraded) Fund based and non fund based limit - IND AA-/ Stable/ IND A1+ (upgraded) Term deposits - IND AA-/Stable (upgraded)

JK Tyre & Industries receives upgrade in credit ratings

JK Tyre & Industries receives upgrade in LT ratings for bank facilities

JK Tyre partners with EKA Mobility to enhance EV performance with new-gen tyres.

JK Tyre, EKA Mobility Team Up To Enhance EV Performance With New-Gen Tyres

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

JK Tyre & Industries Limited is engaged in the manufacturing of tyres, tubes and flaps. It's geographical segments include India, Mexico and Others.