JK Tyre & Industries Ltd. announced strong Q3 FY26 consolidated financial results, with net profit surging 3.7x to Rs. 209 crore. The company completed the merger of Cavendish Industries Limited (CIL). EBITDA stood at Rs. 583 crore with a margin of 13.8%. The domestic business saw double-digit growth, driven by both replacement and OEM segments, while JK Tornel (Mexico) showed significant improvement.
Financial Highlights
JK Tyre & Industries Limited reported robust consolidated financial results for Q3 FY26. Key highlights include:
- Total Revenues: Rs. 4,235 crore
- EBITDA: Rs. 583 crore
- EBITDA Margin: 13.8%, a 470 basis points year-on-year expansion
- Profit After Tax (PAT): Rs. 209 crore, a 3.7x increase compared to last year
Segment Performance
The domestic business achieved double-digit growth of 16% year-on-year, driven by a 12% growth in the replacement segment and a 27% growth in the OEM segment. Exports showed resilience despite geopolitical challenges. JK Tornel (Mexico), JK Tyre’s international subsidiary, delivered a significant improvement in financial performance.
Merger of Cavendish Industries Limited (CIL)
During the quarter, JK Tyre successfully completed the merger of Cavendish Industries Limited (CIL). Capacity utilization at CIL has increased from around 30% to over 95% under JK Tyre’s leadership.
‘Best in Class’ ESG Rating
JK Tyre has been adjudged ‘Best in Class’ ESG rating for the 3rd consecutive year and received a prestigious Silver rating in the latest EcoVadis ESG assessment, placing the Company among the top 7% of companies globally.
Source: BSE
