JK Tyre & Industries Limited (JKTYRE)
The Board of DIrectors at their meeting held today, inter alia, approved expansion for Truck & Bus Radial (TBR) Tyres and Passenger Car Radial (PCR) Tyres in phases of Rs. 4,980 Crore.
Board approved Rs 4,980 Cr phased expansion for TBR and PCR tyres.
- Capacity to increase by 24% by FY30
- Expansion at Chennai and Vikrant plants
- Over 90% of installed capacity utilized
- Funding via internal accruals and debt
- Expansion driven by robust demand in Indian tyre industry
Source: Original filing PDF
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Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
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