Q4FY21 Company Update - JK Tyres & Industries - ICICI Direct

JK Tyre & Industries (JKT) reported healthy Q4FY21 results. Consolidated revenues rose 63.1% YoY to Rs. 2,927 crore (India up 61%, Mexico up 104%; India formed ~90% of sales). EBITDA margins were at 15.5% (down 260 bps QoQ) on the back of gross margin deterioration of 370 bps even as the company experienced sizeable operating leverage benefits. India EBIT margins fell 220 bps QoQ to 13.1% while Mexico margins were down 60 bps YoY to 7.9%. Consolidated PAT was at Rs. 189 crore vs. loss after tax of Rs. 47 crore in base quarter. JKT declared a dividend of Rs. 2/share for FY21.

For details, click on the link below: Link to the report

Shares of JK TYRE & INDUSTRIES LTD. was last trading in BSE at Rs.123.9 as compared to the previous close of Rs. 125.6. The total number of shares traded during the day was 154930 in over 3848 trades.

The stock hit an intraday high of Rs. 128 and intraday low of 122.4. The net turnover during the day was Rs. 19416257.

Source : Equity Bulls

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