Browsing tag: JK Tyres

TYRE SECTOR: Q2 ( JULY – SEPT ’17 ) RESULTS AND ANALYSIS


TYRE Sector Q2 – FY 2017-18 was again a disappointing quarter for the tyre manufacturers in India. Click here to see Q1 Results. As far as numbers are concern, the profits of all the companies were down in the range of 16% to 96%, while revenues were almost flat to negative. The Common Parameter/s for such Performance for the Sector is/are - Higher Raw Material prices Positive Sign for the Tyre Sector - Results were an indication of the market that is showing signs of picking

Tyre Sector: Q4 ( JAN – MAR ’17 ) Result and Analysis


TYRE Sector: Q4 was disappointing for the Tyre sector. Click here for Q3 Results. Profitability of all the companies for the fourth quarter ended March 31, 2017, hurt by continued impact of demonetisation and spike in raw material prices. As far as numbers are concern, the profits of all the companies were down in the range of 22% to 32%, while revenues were up marginally in the range between 4% to 8%. Market leader MRF has posted decline both in profits as well as revenues, while