JK Tyre Posts 80% Q4 Profit Jump and Approves Rs 4,980 Crore Capacity Push
The board cleared a phased investment using internal accruals with debt to expand truck and passenger‑car radial output to capture strong domestic original‑equipment demand as Mexico revenue falls.
Overview
- JK Tyre reported a consolidated Q4 net profit of Rs 177.96 crore, an 80% increase over the prior year, and full‑year FY26 net profit of Rs 775.90 crore, up about 52%.
- Quarterly revenue rose about 12% to Rs 4,223.44 crore and the company posted record annual revenue of Rs 16,384 crore with EBITDA reaching Rs 2,089 crore.
- Sales volumes grew 21% overall in the quarter, led by a 42% jump in original‑equipment (OE) volumes that the company cited as the primary growth driver.
- The board approved a phased Rs 4,980 crore capex plan to expand Truck & Bus Radial and Passenger Car Radial capacity through 2030, to be funded by internal accruals with debt, and recommended a dividend of Rs 4 per share.
- Management flagged a decline in Mexico revenue and noted export risks from regional geopolitical tensions, while the investment could raise leverage but aims to secure capacity for sustained domestic demand.