India's JK Tyre falls after sharp decline in quarterly profit

JK Tyre & Industries

07/08/2026 10:04

** Shares of JK Tyre and Industries JKIN.NS fall as much as 6.5% at 386.45 rupees, biggest pct fall since March 4, 2026
** Stock last down 4.5% at 394.75 rupees
** Tyre maker reports Q1 profit of 440 million rupees($4.62 million), down 73% from 1.63 billion rupees a year earlier
** Profit before finance costs, exceptional items & tax from India business falls 40.5% to 1.88 billion rupees; while losses from Mexico business rise to 458.3 million in Q1FY27 from 47 million in Q1FY26
** Revenue from operations marginally rises about 2% to 39.46 billion rupees
** YTD, shares down 21.24%
     
($1 = 95.2600 Indian rupees)

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))