JK Tyre: long only stocks

 https://youtu.be/nJOXfwFi2nc?si=jIOsA2IHK8I59yDX

  • JK Tyre: long only stocks
  • JK Tyre achieved highest ever sales & profits during 2024
  • Sales at Rs.15,046 crore was marginally higher with EBIDTA of Rs.2,122 crore increasing by 59% and PAT of Rs.811 crore registering a 2X increase. 
  • During FY24, JK Tyre raised Rs.500 crore through QIP that helped deleverage in balance sheet.
  • This performance is attributed to continued focus on product premiumization, widening market reach and tech enabled manufacturing & digitalization across operations achieving better efficiencies. 
  • Strategic initiatives to fortify balance sheet through equity infusion yielded fruitful results, reinforcing financial resilience
  • The Company has 12 globally benchmarked 'sustainable’ manufacturing facilities - 9 in India and 3 in Mexico - that collectively produce around 34 million tyres annually. 
  • The Company also has a strong network of over 6000 dealers and 750+ dedicated Brand shops called as Steel Wheels, Truck Wheels and Xpress Wheels. JK Tyre exports to about IOO countries with over 230 global distributors

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