JK Industries Back in the Black

JK Industries Ltd, the manufacturer behind the JK Tyre and Vikrant brands, recorded a turnover of 6.52 billion rupees (£83 million) between October and December 2005, a 30 per cent increase over the corresponding quarter of the previous year.

The quarter end-results also showed that the company’s Operating Profit (EBIDTA) has increased 100 per cent to 380 million rupees and the Profit Before Tax also registered an increase at 48.2 million rupees against a loss of 49.3 million rupees in the corresponding quarter of the previous year. Net profit was up at 24.7 million rupees against loss of 92 million rupees during the same period year ago.

According to Raghupati Singhania, vice chairman and MD, JK Industries: “JKI has been able to achieve this remarkable performance in the background of unabated increasing input costs. Several measures including aggressive cost cutting, product re-engineering and enrichment of product and market mix initiated earlier have helped achieve these results. I am pleased to share that JK Industries is in growth trajectory and is well on target on its growth plan having completed the expansion projects.”