Indian Tyre Industry major JK Tyre & Industries Ltd., (JKTIL) today announced its Unaudited results for the third quarter (Q3) of the current Financial Year (FY’20). 

CONSOLIDATED               Rs. Crores

-          Turnover                                            2207  

-          Operating Profit                                251

-          Profit Before Tax                              23

On a consolidated basis, Net Sales are at Rs.2,207 crores with Operating Profit at Rs 251 crores.  On a standalone basis, JK Tyre recorded Turnover of Rs.1,568 crores with Operating Profit of Rs.170 crores.

Profit Before Tax (PBT) on a standalone basis is Rs. 29crores  and on a consolidated basis  is  Rs.23crores.

Commenting on the results, Dr. Raghupati Singhania, Chairman & Managing Director, JK Tyre & Industries Ltd.,said, “It was indeeda  challenging quarter for the automotive industry.  Passenger and Commercial vehicles have witnessed a drastic cut in  production.  JK Tyre has dealt with this difficult situation by focusing on replacement sales andexports.  As a result, the Company on a standalone basis, recorded an increase of 13% in Sales compared to the preceding quarter.Exports are up by nearly 40 % during the 9 month period of the current financial year.  This twin strategy augurs well for the future”.

The Company’s subsidiaries namely, JK Tornel, Mexico and Cavendish Industries Ltd. continueto perform well.