JK Tyre & Industries Ltd has recorded a significant increase in sales in the last quarter. A gross sales turn over of Rs.1588 Crores for the Q1 has been recorded by the Indian Global Tyre Manufacturer. Operating profit for the current quarter was about Rs.129 Crores which was more than double the amount seen in the corresponding quarter last year.
Profit before tax also recorded a marked increase with figures of Rs. 36 Crores as compared to Rs. 3 Crores seen last year. The Chennai plant of the company has a capacity of producing 25 lac car radials and 4 lac truck and bus radials. This influx will help strengthen JK Tyre's radial leadership locally as also globally.
According to Dr. Raghupati Singhania, Vice Chairman & Managing Director, JK Tyre & Industries Ltd, the company has seen a lot of growth due to utilization of specific marketing techniques and maintaining focus on market segment as also launching of new products coupled with cost compression techniques. The company has enhanced the production of its fast growing TBR and PCR lines and hopes to cater to market needs effectively seeing the demand for its tires in many segments.
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