JK Tyre & Industries reported a robust performance for Q2 FY26, with net profit surging by 54% to ₹223 Crore. The company benefited from strong domestic volume growth, increased exports, and improved operational efficiencies. EBITDA stood at ₹536 Crores with a margin of 13.3%.
Financial Performance
JK Tyre & Industries announced its unaudited financial results for the second quarter of fiscal year 2026, reporting substantial growth. Key highlights include:
- Total Revenues: ₹4,026 Crore
- EBITDA: ₹536 Crore, with a margin of 13.3%
- Profit Before Tax (PBT): ₹304 Crore
- Profit After Tax (PAT): ₹223 Crore, a 54% increase year-over-year
Key Growth Drivers
The company’s strong performance was attributed to several factors:
- Domestic Volume Growth: A 15% increase in domestic market volumes, driven by notable upticks across various segments.
- Export Growth: A 13% rise in export volumes compared to the previous quarter, despite uncertainty around US Tariff rates.
- Operational Efficiency: Higher sales volumes combined with softening raw material prices and improved operational efficiencies.
Segment Performance
Both Cavendish (India) and Tornel (Mexico) showed significant improvements in their Q2 performance, contributing positively to the company’s overall financial results.
Sustainability Initiatives
JK Tyre highlighted its commitment to sustainability, noting that it has once again secured the top CareEdge ESG 1+ rating. This rating reflects the company’s efforts across environmental, social, and governance themes, including investments in renewable energy and decarbonization technologies.
Source: BSE