Q1 2025 JK Tyre & Industries Ltd Earnings Call Transcript
Key Points
- JK Tyre & Industries Ltd (BOM:530007) reported a significant expansion in operating margins, with EBITDA margins increasing to 14.1% from 12.5% year-on-year.
- The company achieved a net profit of INR212 crore, marking a 33% growth on a year-on-year basis.
- JK Tyre & Industries Ltd (BOM:530007) saw a 19% increase in export sales over the corresponding quarter.
- The company has been awarded the Great Place to Work in the auto & auto components segment, highlighting its commitment to a high-trust and high-performance culture.
- JK Tyre & Industries Ltd (BOM:530007) continues to focus on premiumization and digitalization, with new product launches and capacity expansions in TBR, PCR, and all-steel light truck radial tires.
- Overall revenues were flat compared to the corresponding quarter, primarily due to lower OEM sales.
- Net debt increased to INR3,832 crore, up by 3% over the previous quarter due to higher working capital borrowing.
- The commercial vehicle segment posted low single-digit growth, impacted by a slowdown in infrastructure projects due to general elections.
- The raw material cost pressures are expected to continue, with an anticipated 5% to 6% increase in the raw material basket in the next quarter.
- JK Tornel Mexico's sales were lower by about 13% year-on-year, affected by general elections, fewer working days, and peso appreciation impacting exports.
Ladies and gentlemen, good day, and welcome to Q1 FY25 results conference call of JK Tyres hosted by ICICI Securities. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Basudeb Banerjee. Thank you, and over to you, sir.
Thanks, Shlok. Thanks to the management of JK Tyre for giving us the opportunity to host the call. We have with us the senior management represented by Mr. Anshuman Singhania, Managing Director; Mr. Arun K. Bajoria, Director and President - International business; Mr. Anuj Kathuria, President - India; Mr. Sanjeev Aggarwal, Chief Financial Officer; and Mr. A.K. Kinra, Financial Advisor.
So without wasting any time, I'd like to hand over the call to Mr. Anshuman Singhania for his initial comments. Over to you, sir.
Yeah. Thank you. A very good afternoon to everyone. I welcome you all for joining JK Tyreâs
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