JK Tyre & Industries shares surged 6.39% to hit an all-time high of ₹594.70 on BSE, registering the highest level ever recorded for the stock. According to Business Standard, the stock was trading 5.9% higher at ₹574.55 per share at 10:59 AM, significantly outperforming the BSE Sensex which was up only 0.61% at 84,090.91. The strong market response came after the company released robust Q3FY26 results on Friday after market hours.
The company delivered exceptional Q3 results with consolidated net profit jumping 295% year-on-year to ₹207.75 crore compared to ₹52.6 crore in the previous year. As reported by Business Standard, revenue from operations came in at ₹4,222.96 crore versus ₹3,673.68 crore year-ago, while EBITDA reached ₹583 crore compared to ₹335 crore, with EBITDA margin expanding to 13.8% from 9.1% a year ago. The India business specifically saw revenue growth of 16% with margins improving to 11.3% from 6%.
Chairman and Managing Director Raghupati Singhania highlighted that the robust performance was driven by healthy automobile demand supported by GST-led reforms, festive season momentum, and positive rural sentiments. According to Business Standard, the domestic business posted 16% year-on-year growth, with the OEM segment growing 27% and the replacement segment expanding 12%. Commercial vehicle demand showed signs of recovery during the quarter, while passenger vehicle OEM and replacement segments also witnessed healthy traction.
The company announced a ₹1,130 crore capital expenditure plan to expand capacity across truck and bus radial (TBR), all-steel light truck radial (ASLTR), and passenger car radial (PCR) segments. As reported by Business Standard, the expansion is expected to increase overall capacity by around 7%. JK Tyre also highlighted new OEM wins, including electric vehicle tyre supplies for Hyundai Creta EV and Tata Punch EV, and fitment on the new Renault Duster with 18-inch Ranger HPE tyres.
Managing Director Anshuman Singhania indicated that margins are expected to stay above 13% going forward, as reported by CNBC TV18. Singhania noted that raw material costs are expected to remain range-bound in Q4, and any decision on price hikes will depend on raw material trends. The company currently contributes only about 3% to total turnover from the US market, with supplies earlier diverted to other markets pending clarity on trade deal details.
