JK Tyre & Industries (JK Tyre) on Tuesday said its Board has approved investment of ₹4,980 crore for capacity expansions (capex) of passenger car radials (TBR) and truck/ bus radials (TBR) by 2030 in Chennai and Mysuru, through internal accruals and debt.
Looking at the momentary growth and likely demand pick up, our Board has approved today, further expansion of PCR and TBR capacity with an outlay of ₹4,980 crore. This expansion is proposal to be taken up in three phases – first phase by August 2028 with 50 per cent of the outlay, phase-II by April 2029 with 40 per cent of the total outlay and phase-III by December 2029 with remaining 10 per cent,” Raghupati Singhania, Chairman and Managing Director (CMD), JK Tyre told reporters.
The company said Indian tyre industry is witnessing a robust demand across categories, hence, need to maintain market presence through this expansion of 24 per cent more from the current capacity.
The Board has also approved re-appointment of Singhania as the CMD of the company for a term of another five years with effect from October 1, 2026, subject to requisite approval of the members of the company.
Meanwhile, the company reported a year-on-year (y-o-y) jump of 81.25 per cent in consolidated net profit for the fourth quarter (Q4) ended March 31 (Q4 FY26) to ₹203.14 crore as compared with ₹112 crore in the corresponding period previous year.
| Q4 FY26 | Q4 FY25 | % Change | |
|---|---|---|---|
| Net Profit | Rs.203.14 crore | Rs.112 crore | 81.25 |
| Total Income | Rs.4,233 crore | Rs.3,780 crore | 12 |
| EPS (Basic) | Rs.6.25 | Rs.3.47 | 80 |
Consolidated total income of the company during the quarter in review also rose by 12 per cent y-o-y to ₹4,233 crore as compared with ₹3,780 crore in Q4 FY25.
For the full financial year (FY26), the consolidated net profit grew by 114 per cent to ₹905 crore as compared with ₹422 crore in FY25. Total income of the company also grew by 11 per cent to ₹16,384 crore as against ₹14,772 crore in the previous financial year.
“FY26 has been a landmark year for JK Tyre. We delivered record volumes across segments, attaining the highest-ever annual consolidated revenue of Rs.16,384 crore and achieving an EBITDA of ₹2,089 crore, an increase of 25 per cent over the previous year,” Singhania said adding that the company registered a healthy double-digit growth in revenues, driven by buoyant demand supported by GST and personal tax reforms, softening of interest rates, improved economic activity, and the festive season.
Shares of JK Tyre closed at ₹394.10 apiece on the BSE on Tuesday, up 1.97 per cent from the previous close.