JK Tyre - Walking The Talk, Ticking All The Right Boxes: ICICI Direct 
A man pushes JK Tyre & Industries Ltd. tires through a street in Kolkata, India. (Photographer: Brent Lewin/Bloomberg)

JK Tyre - Walking The Talk, Ticking All The Right Boxes: 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 a robust Q3 FY21 performance with highest ever quarterly sales and profit after tax.

Net sales for the quarter were at Rs 2,769 crore, up 25.4% YoY. Ebitda in Q3 FY21 was at Rs 500 crore with corresponding Ebitda margins at 18.1%, up 250 basis points QoQ.

Profit after tax in Q3 FY21 came in at Rs 224 crore versus Rs 11 crore in Q3 FY20 (impacted by low margins in base quarter) and Rs 105 crore in Q2 FY21.

Sequential improvement in gross margins (approximately 140 basis points) was a key highlight for the quarter.

Click on the attachment to read the full report:

ICICI Direct JKTyres Company Update.pdf


This 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.