Strong Quarterly Earnings Drive Momentum
JK Tyre & Industries Ltd’s recent quarterly performance has been a key catalyst behind the stock’s upward trajectory. The company reported a profit before tax excluding other income (PBT LESS OI) of ₹297.26 crores, representing an impressive growth rate of 110.6% compared to the average of the previous four quarters. This substantial increase in profitability underscores the company’s operational efficiency and ability to capitalise on market opportunities.
Net sales for the quarter reached a record high of ₹4,011.31 crores, signalling strong demand and effective sales execution. Additionally, the operating profit to interest ratio stood at 4.84 times, the highest recorded, indicating a comfortable buffer to service debt obl...
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