JK Tyre share price hits 52-week high on healthy Q2 numbers; here's at look at its profit and revenue

JK Tyre share price: Shares of tyres and tubes manufacturer JK Tyre & Industries hit their 52-week-high level on Tuesday, October 28, after posting a healthy set of numbers for the second quarter of the current financial year.

The stock rose as much as 6.82% to ₹440 per unit on the National Stock Exchange (NSE). At 10:15 am, the scrip was up 2.8% to ₹423.4.

JK Tyre Q2 results

Consolidated revenue from operations stood at ₹4,011.31 crore in the latest September quarter, up 10.76% from ₹3,621.56 crore in the corresponding period last fiscal year, it added.

Total expenses in the quarter were higher at ₹3,714.05 crore as against ₹3,433.55 crore in the year-ago period, the company said.

Consolidated EBITDA (earnings before interest, taxes, depreciation, and amortisation) for the quarter was at ₹536 crore with an improved margin of 13.3%, the company said. The operational performance improved due to higher sales volumes along with softening raw material prices.

Dr Raghupati Singhania, the company's Chairman & Managing Director, said, "Domestic markets registered a growth of 15% in volumes driven by a notable uptick across segments. Export volumes grew by 13% over the previous quarter, despite the prevailing uncertainty around US tariff rates."

"This growth reflects our superior product quality offerings, deeper penetration in existing markets and introduction of higher margin products for diversifying into new geographies," he added.

Both Cavendish (India) and Tornel (Mexico) saw a significant improvement in their performance in the quarter under review and added to the overall financials of the company, JK Tyre said.

On the outlook, the company said, "With high frequency indicators pointing towards a pickup in economic activity, we believe the automobile sector is on a strong growth track and will create higher demand for tyres across segments, going ahead."