JK Tyre & Industries (530007) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated revenue from operations reached a record ₹4,840.73 crore, up 20% YoY; total income was ₹4,849.96 crore.

• H1 consolidated total income rose 11% to ₹8,806 crore, while PAT declined 73% YoY.

Financial highlights

• Q2 consolidated EBITDA was ₹343.14 crore, PBT ₹93.57 crore and profit for the period ₹65.07 crore, versus ₹304.08 crore PBT and ₹226.86 crore profit for the period a year earlier.

• Q2 consolidated EBITDA fell 36% YoY but increased 28% QoQ; reported PAT was ₹60 crore, down 73% YoY.

• H1 consolidated revenue from operations was ₹8,786.97 crore, PBT ₹147.33 crore and profit for the period ₹109.16 crore; reported EBITDA was ₹611 crore and PAT ₹103 crore.

• Standalone Q2 revenue was ₹4,460.85 crore, PBT ₹82.08 crore and PAT ₹60.68 crore; H1 PAT was ₹133.22 crore.

Segment performance

• Q2 market mix: replacement 61%, OEM 28%, exports 11%; H1 mix: replacement 62%, OEM 28%, exports 10%.

• Truck and bus tyres made up 52% of Q2 product mix and 54% in H1; passenger radial represented 31% and 29%, respectively.

• India Q2 segment revenue was ₹4,453.19 crore and segment result ₹208.08 crore; domestic sales rose 32% YoY, with OE market growth of 65%.

• Mexico Q2 revenue was ₹478.31 crore and segment result ₹7.06 crore, rebounding from a ₹45.83 crore Q1 loss.