JK Tyre Q1FY24 Results: Consolidated PAT Rises to Rs. 153.87 Cr

JK Tyre Q1FY24 Results: Consolidated PAT Rises to Rs. 153.87 Cr

JK Tyre Q1 results show revenue up from 3644.92 crores to 3726.41 crores, a 2.24% increase in growth. EPS rise from ₹4.37 to ₹5.91, up by 35.24%.

First, Let’s Begin with Quarter-on-Quarter Basis:

JK Tyre shared its Q1 results on Friday. They earned 3726.41 crores in revenue this quarter, but that’s more than the 3644.92 crores they made last quarter. The company’s growth increased by 2.24 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 153.87 crores, up/down from 108.38 crores in the previous quarter. Their quarter-to-quarter growth increased by 41.97 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹5.91, which is an increase of 35.24% from the ₹4.37 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 3726.41 crores this year (2023), which is 2.11 percent higher than last year’s total revenue of 3649.58 crores.

This year’s PAT (Profit After Tax) is 153.87 crores, which is also 313.63% higher than last year’s PAT of 37.20 crores.

The EPS (Earnings Per Share) for this year is ₹5.91, which is 291.39% more than the EPS of ₹1.51 earned last year.

JK Tyre Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About JK Tyre:

JK Tyre & Industries Ltd. forms a crucial component of the esteemed JK Organisation, a prominent Private Sector Group with diversified operations across various products, locations, and businesses in India. With a history spanning over 100 years, the JK Organisation has established itself as a leading force. The vision of JK Tyre & Industries Ltd. is to earn a place among the most reliable companies worldwide, recognized for its global tyre brand.

Download the Full PDF of JK Tyre Q1 Results: Click Here

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