JK Tyre - Strong Delivery Continues, Bullishness Reloaded: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Direct Report.JK Tyre and Industries Ltd. reported healthy Q4 FY21 results. Consolidated revenue rose 63.1% YoY to Rs 2,927 crore (India up 61%, Mexico up 104%; India formed ~90% of sales). Ebitda margin fell to 15.5% (down 260 basis points QoQ) on the back of gross margin deterioration of 370 bps even as the company experienced sizeable operating leverage benefits. India Ebit margins fell 220 bps QoQ to 13.1% while Mexico margins were down 60 bps YoY to 7.9%. Consolidated profit after tax was at Rs 189 crore versus loss after tax of Rs 47 crore in base quarter. The company declared a dividend of Rs 2/ share for FY21..Click on the attachment to read the full report:. DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

JK Tyre - Strong Delivery Continues, Bullishness Reloaded: ICICI Direct

JK Tyre - Strong Delivery Continues, Bullishness Reloaded: ICICI Direct

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