Page 3 - Jk Tyre

JK Tyre to capitalise on duty hike on Chinese products, beef up exports

The company has been forced to cut production and delay capital expenditure due to slowdown in Indian auto market

JK Tyre skids 16% on weak June quarter results, trades near 5-year low

The tyres manufacturing company's profitability was hit due to overall slow-down in the automotive sector, the management said

Tyre stocks gain on easing oil prices; JK Tyre, Kesoram up over 5%

Apollo Tyres, MRF, Balkrishna Industries and Ceat were up in the range of 1% to 3% on the BSE in intra-day trade.

JK Tyre to invest Rs 12.5-billion in Laksar unit it bought from Birla Tyres

This will give a boost to industrialisation in the hill state

JK Tyre stock surges over 8% on four-fold rise in Q2 net profit

Shares of JK Tyre & Industries Tuesday rose sharply by more than 8 per cent buoyed by the company posting over four-fold increase in consolidated net profit for the second quarter ended September 30. The stock climbed 7.95 per cent to settle at Rs 105.90 on BSE. Intra-day, it soared 12.13 per cent to Rs 110. On NSE, shares of the company jumped 8.17 per cent to close at Rs 106.50. JK Tyre & Industries Tuesday posted over four-fold increase in consolidated net profit at Rs 46 crore for the second quarter ended September 30. The company had reported a net profit of Rs 10 crore during the same period of the previous fiscal. Net sales rose 23 per cent to Rs 2,548 crore for the second quarter, as against Rs 2,068 crore during the same period of the previous fiscal, JK Tyre & Industries said in a statement.

With 2017's hurdles behind it, JK Tyre to invest close to Rs 5 bn in 2018

Amidst revival in the demand and Government push for Make-in-India efforts, tyre major J K Tyres is planning to invest around Rs 500 crore to increase its capacity.Arun Bajoria, Director & President (International Operations), JK Tyre & Industries Ltd said that the year 2017 has been full of challenges, including the lingering effects of demonetisation and high raw materials prices that have impacted the industry in January-March quarter and the following two quarters, followed by GST affected production of OEMs, particularly the commercial vehicles.But now things are looking better as we look forward as most of the economic parameters are looking better. Structural reforms, including demonetisation and GST have disrupted the Indian market."The upcoming scenario for Q4 looks positive, the economy is predicted to grow, the automobile industry and tyres, which we mainly deal in will grow," said Bajoria.He added, other Centre's initiatives like anti-dumping duty on import of ...

Campaign logic: Setting safety wheels in motion

JK Tyre's ad urges drivers to shed their casual attitude and take to reliable tyres for a safe ride

JK Tyre plans to raise up to Rs 1,000 cr via securities

JK Tyre shares today ended 1.82 per cent higher at Rs 1,11.75 apiece on BSE

JK Tyre's net declines 10%

Net profit declines to Rs 101.4 crore

JK Tyre's net profit declines 10% to Rs 101.4 crore

Revenue, however, grew over five per cent to Rs 2,070 crore mainly due to inclusion of the sales from the Birla Tyres,

JK Tyre rolls out 10 million radial tyres

JK is the largest player in domestic truck and bus radial tyre segment, tyres has been rolled out from company's Vikrant facility in Mysore

JK Tyre completes Rs 2,200 crore acquisition of Kesoram's tyre unit

Buyout funded through mix of equity as well as debt