India's JK Tyre marks turnaround with first profit rise in five quarters on auto demand

JK Tyre & Industries

27/10/2025 12:01

Oct 27 - India's JK Tyre & Industries Ltd JKIN.NS on Monday reported its first profit increase in five quarters, driven by a rise in vehicle sales after a consumption tax cut boosted festive-season demand.

The company's consolidated net profit rose to 2.21 billion rupees ($25.14 million), from 1.35 billion rupees a year ago.

Revenue for the quarter ended September 30, rose nearly 11% to 40.11 billion rupees.

For further earnings highlights, click here (Full Story)

KEY CONTEXT

The goods and services tax (GST) cuts, announced in early September to spur consumer demand, helped revive auto sales and boosted demand for struggling tyremakers.

JK Tyre, which supplies to companies such as Maruti SuzukiMRTI.NS and Tata MotorsTAMO.NS, makes more than 85% of its revenue from domestic sales.

Rival CEAT CEAT.NS also posted a jump in quarterly profit last week.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth (%)
Profit growth (%)
Mean rating*
No. of analysts
Stock to price target**
Div yield (%)
JK Tyre & Industries
JKIN.NS
13.58
7.86
7.93
28.40
Buy
5
1.01
0.73
CEAT
CEAT.NS
20.83
9.22
13.78
31.18
Buy
17
1.00
0.72
Apollo Tyres
APLO.NS
16.80
8.08
6.99
25.36
Buy
22
0.98
1.00
MRF
MRF.NS
27.86
13.45
7.47
17.44
Hold
5
1.19
0.15

   * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

JULY TO SEPTEMBER STOCK PERFORMANCE

  -- All data from LSEG

-- ($1 = 87.8950 Indian rupees)

JK Tyre Stock Performance https://tmsnrt.rs/4nrsUqB

 (Reporting by Komal Salecha in Bengaluru; Editing by Ronojoy Mazumdar and Harikrishnan Nair)

 ((Komal@thomsonreuters.com))