JK Tyre & Industries Limited has informed the Exchange about Transcript
JKTYRE · price
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JK Tyre reported its highest-ever consolidated quarterly revenue of INR 4,235 crores in Q3 FY26, up 15% year-on-year, driven by 16% domestic volume growth and 9% export growth. EBITDA surged 74% YoY to INR 583 crores with margins expanding 470 basis points to 13.8%, while profit after tax jumped 3.7x to INR 209 crores. Capacity utilization remained high at 90%+ in India and 85%+ consolidated. The company announced a INR 1,130 crore capex plan to expand TBR, ASLTR and PCR capacities by 7%, part of a broader INR 5,000 crore five-year investment plan. Mexico subsidiary JK Tornel posted 21% revenue growth to INR 616 crores with EBITDA margins improving to 9.4%. Management reaffirmed its 13-15% EBITDA margin guidance and targets mid-double-digit revenue growth, citing strong demand across CV, PV and farm segments supported by GST reforms, infrastructure spending and EV tyre wins with Hyundai and Tata.
Strong quarterly performance with margin expansion well above guidance band, combined with reaffirmed 13-15% EBITDA margin guidance and mid-double-digit growth target, signals positive momentum for shareholders. Capacity expansion plan and new EV OEM approvals position the company to capture continued demand, though INR 56.75 crore one-time exceptional charge from labor codes slightly dampens Q3 reported earnings.