JK Tyre & Industries Ltd's Q3FY25 Quarter Results
- 05 Feb 2025
Result Summary
- JK Tyre & Industries Ltd reported a 1.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 0.2%.
- Its expenses for the quarter were up by 4.7% QoQ and 7.2% YoY.
- The net profit decreased 62.4% QoQ and decreased 76.8% YoY.
- The earnings per share (EPS) of JK Tyre & Industries Ltd stood at 1.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 3694.34 | 3643.15 | 3700.32 | 1.4% | -0.2% |
Total Expenses | 3596.40 | 3433.55 | 3355.30 | 4.7% | 7.2% |
Profit Before Tax | 80.39 | 198.79 | 340.63 | -59.6% | -76.4% |
Tax | 23.02 | 54.54 | 113.64 | -57.8% | -79.7% |
Profit After Tax | 52.60 | 139.75 | 227.07 | -62.4% | -76.8% |
Earnings Per Share | 1.90 | 4.90 | 8.40 | -61.2% | -77.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
JK Tyre & Industries Ltd is a prominent player in the tire manufacturing industry. Known for its wide range of tires, the company serves various segments including passenger cars, commercial vehicles, and two-wheelers. With a significant presence in both domestic and international markets, JK Tyre focuses on innovation and quality to maintain its competitive edge. The company has been actively involved in expanding its product line and enhancing manufacturing capabilities to cater to the growing demand. Recent developments in the company have seen efforts towards sustainability and technological advancements in tire production.
Revenue
In the third quarter of the fiscal year 2025, JK Tyre & Industries Ltd reported a total income of ₹3694.34 crores. This represents a slight increase of 1.4% compared to the previous quarter, which stood at ₹3643.15 crores. However, on a year-over-year basis, the total income showed a marginal decline of 0.2% from ₹3700.32 crores in Q3FY24. This data reflects stable revenue generation with only minor fluctuations over the comparison periods. The consistent revenue figures suggest the company's ability to maintain its market presence amid fluctuating economic conditions.
Profitability
The profitability metrics for JK Tyre & Industries Ltd in Q3FY25 indicate a notable decline when compared both quarter-over-quarter and year-over-year. The profit before tax was ₹80.39 crores, down by 59.6% from ₹198.79 crores in the previous quarter. Compared to the same quarter last year, there was a significant decrease of 76.4% from ₹340.63 crores. Correspondingly, the profit after tax also experienced a sharp decline to ₹52.60 crores, a 62.4% drop from Q2FY25, and a 76.8% reduction from Q3FY24. Earnings per share followed a similar downward trend, falling to ₹1.90 from ₹4.90 in Q2FY25 and ₹8.40 in Q3FY24. These figures highlight a challenging quarter for the company's profitability.
Operating Metrics
Total expenses for the quarter amounted to ₹3596.40 crores, reflecting a 4.7% increase from the previous quarter's ₹3433.55 crores and a 7.2% rise from ₹3355.30 crores in Q3FY24. This upward trend in expenses indicates increased operational costs over the periods compared. The tax expense decreased substantially to ₹23.02 crores in Q3FY25, a decline of 57.8% from Q2FY25 and 79.7% from Q3FY24. This drop in tax expenses aligns with the reduced profit figures. The data on operating metrics suggests a scenario of rising costs with simultaneous declines in profitability, impacting the company's overall financial performance for the quarter.
