JK Industries Back in the Black - Tire Review Magazine

JK Industries Back in the Black

(Clacton, U.K./Tyres & Accessories) JK Industries Ltd., the manufacturer behind the JK Tyre and Vikrant brands, recorded a turnover of 6.52 billion rupees (≤83 million) between October and December 2005, a 30% increase over the corresponding quarter of the previous year.

The quarter end results also showed that the company’s Operating Profit (EBIDTA) has increased 100% to 380 million rupees and the Profit Before Tax also registered an increase at 48.2 million rupees against a loss of 49.3 million rupees in the corresponding quarter of the previous year. Net profit was up at 24.7 million rupees against losses of 92 million rupees during the same period a year ago.

According to Raghupati Singhania, vice chairman and managing director of JK Industries: “JKI has been able to achieve this remarkable performance in the background of unabated increasing input costs. Several measures including aggressive cost cutting, product re-engineering and enrichment of product and market mix initiated earlier have helped achieve these results. I am pleased to share that JK Industries is in growth trajectory and is well on target on its growth plan having completed the expansion projects.”

You May Also Like

Titan Sponsors Farm Fit Training at NFMS 2023 and Beyond

The sponsorship aims to shed light on the mental health crisis within the agricultural community.

Titan-Farm-Fit-training-ag-tires

Titan International is sponsoring Farm Fit Training, an online health and fitness program founded and run by Amanda Nigg, also known as @FarmFitMomma on her Twitter, Facebook, Instagram and TikTok channels.

The sponsorship aims to shed light on the mental health crisis within the agricultural community, utilizing Farm Fit Training health and nutrition programs as a means for helping address it. Nigg will join Titan at National Farm Machinery Show (NFMS) from Feb. 15-18 to host activities and discuss programs with attendees in booth #4084.

Yokohama Tire Off-Road Drivers Ready to Tackle King of Hammers

Yokohama drives will compete on Geolandar off-road tires.

Are You Open on Saturdays?

With weekend availability and shortened hours, your community and techs will both be happy.

TR-Whats-the-Deal-Featured-Open-Saturday
Point S Executives Speak on How They Plan to Keep Winning

Point S leadership gives us the scoop on how the group is thriving during times of adversity.

Point-S-Lybeck-Cornelius-Young-1400
K&M Tire Dealers Go ‘All In’ at 2023 Conference & Trade Show

K&M Tire provided the fun, prizes and resources to dealers during its annual conference and trade show.

Other Posts

Bridgestone Creates New Philanthropic Position

Wade Munday has been hired to handle corporate philanthropy and social impact at Bridgestone.

Hunter Engineering, Dealerlogix Announce Integration

The partnership between companies was announced during NADA 2023.

Bridgestone Americas Releases 2022 DE&I Annual Report

The 2022 DE&I Annual Report outlines improvements Bridgestone has made in its three DE&I focus areas.

What Does it Mean to Have Sustainably Sourced Tires?

Sustainability starts at the source, and tire manufacturers are thinking about where rubber comes from more than ever.

TR-Continental-Featured-Image-Sustainable-Tires2