JK tire's net profit rose 24% in the first quarter

JK Tire & Industries Ltd. (jktil), a leading tire manufacturer, today announced the results for the first quarter of 2014-15. The manufacturer achieved a turnover of INR 203.5 billion, its operating profit of INR 19.6 billion and shooting of INR 5.4 billion. This is a comprehensive basis with an efficiency increment of 24% compared with RS. 4.4 billion in the previous quarter.

Commenting on the results, Dr. rajpti, chairman and director, "In the face of general economic challenges, the company continues to have a good leadership position in the radial direction of trucks / buses with the highest market share in India. The first signal of economic transformation is the sight of the registration growth of the automotive industry in the past two months. Commercial vehicles also show signs of improvement. This effort for the tire industry and the upcoming qtrs should see performance in terms of volume and profitability“

According to him, JK tornel and Mexico also performed well in this quarter and helped manufacturers achieve these results. Its expansion in the PCR category is actually progressing smoothly, and the increase in PCR tire output is most likely to be expected from next year. The expansion of leading tire manufacturers in INR 1430 billion to increase the capacity of TBR and PCR categories of Chennai tire factory is also on schedule. The company hopes for better results in the future.

JK Tire & Industries Ltd. is the 19th largest manufacturer in the world and has a global presence on six continents of nine plants in India and Mexico. With the commissioning of the green space project in Chennai, the capacity of nine plants in India and Mexico exceeded the annual milestone of 200000 tires.