JKTYRE

March 3 (Reuters) - JK Tyre & Industries Ltd JKIN.NS:

• TAX AUTHORITY SETS ASIDE ORDER AGAINST JK TYRE

Source text: ID:nBSE3zGTqZ

Further company coverage: JKIN.NS

(([email protected];;))

** Shares of JK Tyre JKIN.NS drop as much as 5% to 297.65 rupees, lowest since Oct. 2023

** Tyre maker reports lower profit for second straight qtr on weak demand from truck and bus customers, margin hit from higher raw material costs

** Trading volume on the day is heaviest in nearly two months, with volumes 4.3x the 30-day avg

** JKIN is rated "buy" on avg by four brokerages, median PT is 490 rupees - LSEG data

** Stock last down 2.6%, taking YTD drop to ~21%; broader Nifty 500 .NIFTY500 has dropped ~2% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Feb 4 (Reuters) - JK Tyre & Industries Ltd JKIN.NS:

• JK TYRE & INDUSTRIES - APPROVED INCREASE IN STAKE IN TREEL MOBILITY SOLUTIONS FROM 26% TO 66%

• JK TYRE & INDUSTRIES - DEAL FOR 100 MILLION RUPEES

Source text: [ID:]

Further company coverage: JKIN.NS

(([email protected];))

Feb 3 (Reuters) - JK Tyre & Industries Ltd JKIN.NS:

• JK TYRE & INDUSTRIES LTD - GETS TAX ORDER OF 80.6 MILLION RUPEES, PENALTY 8.1 MILLION RUPEES

Source text: ID:nNSEgzYJb

Further company coverage: JKIN.NS

(([email protected];))

Dec 12 (Reuters) - JK Tyre & Industries Ltd JKIN.NS:

• JK TYRE & INDUSTRIES LTD - DEG TO PROVIDE JK TYRE WITH EUR 30 MILLION LOAN

• JK TYRE & INDUSTRIES - FUNDS TO BE INVESTED IN EXPANSION OF PRODUCTION CAPACITIES IN MADHYA PRADESH

Source text: ID:nNSE5PDHf0

Further company coverage: JKIN.NS

(([email protected];))

** Shares of JK Tyre & Industries JKIN.NS drop 2%, their biggest one-day fall since Oct. 25

** Tyre maker's Q2 consol profit falls 44% Y/Y, its first in two years, hurt by weak tyre sales to car, bus and truck makers

** JKIN sees busiest day in over 2 weeks, with over 756,000 shares traded

** Analysts' avg rating on stock is "Buy" vs "Sell" on peer MRF MRF.NS

** Their median PT on JKIN is 525 rupees - LSEG

** Stock down 4.4% YTD vs 7% decline in MRF

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Nov 5 (Reuters) - JK Tyre & Industries Ltd JKIN.NS:

• Q2 CONSOL NET PROFIT 1.35 BILLION RUPEES

• Q2 CONSOL REVENUE FROM OPERATIONS 36.22 BILLION RUPEES

Further company coverage: JKIN.NS

(([email protected];))

** Shares of tyre-makers CEAT CEAT.NS down 2.8%, Apollo Tyres APLO.NS and JK Tyre & Industries JKIN.NS down 3.2% each, MRF MRF.NS down 1.6%

** Prices of crude oil-a key ingredient for refiners-rise on the prospect of a widening Middle East conflict that could disrupt oil flow from the region O/R

** Tyre cos use crude intermediates, and a rise in oil prices likely to increase their input costs

** JKIN and APLO each eye worst day since early Aug

** CEAT, APLO, and JKIN rated "buy" on avg, MRF rated "sell" - LSEG data

** CEAT and APLO up ~27% and ~21% YTD respectively; MRF and JKIN each up ~8%

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

Sept 16 (Reuters) - JK Tyre & Industries Ltd JKIN.NS:

• APPROVED SCHEME OF AMALGAMATION OF CAVENDISH INDUSTRIES WITH CO

• TO ISSUE 92 SHARES OF CO FOR EVERY 100 SHARES OF CAVENDISH INDUSTRIES

Source text for Eikon: ID:nNSE5y8CFT

Further company coverage: JKIN.NS

(Reporting by VijayDattaram Malkar)

(([email protected];))

Aug 21 (Reuters) - JK Tyre & Industries Ltd JKIN.NS:

• JK TYRE & INDUSTRIES- TO INVEST 13.2 MILLION RUPEES IN 26% EQUITY SHARES OF TRUERE GALAXY

Source text for Eikon: [ID:]

Further company coverage: JKIN.NS

(([email protected];))

** Shares of India's JK Tyre & Industries JKIN.NS drop 4%, set to slide for a fourth consecutive session, if losses hold

** Fall amid broader weakness; Nifty 50 .NSEI sheds ~3% .BO

** Co's consol Q1 rev falls 2%, net profit rises 37%

** Peers CEAT CEAT.NS and MRF MRF.NS decline 5% and 1.8% on the day

** Co, CEAT rated "buy" on an average while MRF rated "sell" - LSEG data

** Day's drop trims stock's YTD gains to 4.2%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** MRF MRF.NS, Apollo Tyres APLO.NS, Ceat CEAT.NS, JK Tyre JKIN.NS gain between 1.8%-8.5%

** CNBC-TV18 reports the Indian tyre makers have announced price hikes

** Ceat among top gainers in Nifty small-cap .NIFSMCP100 index, which is up 0.5%

** Apollo Tyres among top gainers in mid-cap index .NIFMDCP100, up 0.5%

** APLO, JKIN top gainers among tyre stocks YTD, rising 14.3% and 13.3%, respectively

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Indian auto stocks .NIFTYAUTO flat

** But two-wheeler stocks gain, while four-wheelers stall

** Drop in retail sales of cars steepens in June, data shows

** Gains in two-wheeler sales, meanwhile, acclerates

** TVS Motor's TVSM.NS 2% jump lead two-wheelers' gains

** Eicher Motors EICH.NS and Bajaj Auto BAJA.NS up nearly 1%; Hero MotoCorp HROM.NS flat

** Mahindra and Mahindra's MAHH.NS 1.3% drop steepest among car makers

** Tata Motors TAMO.NS and Maruti Suzuki MRTI.NS flat

** Tyremakers MRF MRF.NS and JK Tyre JKIN.NS flat; Ceat CEAT.NS up 0.5%

** Still, Mahindra's 66% gain is highest on index among automakers

(Reporting by Savio Dsouza)

(([email protected];))

** Shares of JK Tyre & Industries JKIN.NS rise 5.7% to 427.6 rupees

** Stock on track for best day since Jan 23, if gains hold

** Co's Q4 profit climbed ~56% YoY

** Rivals MRF MRF.NS, CEAT CEAT.NS and Apollo Tyres APLO.NS reported drop in their Q4 profit

** MRF stock down 0.3% on the day, CEAT and APLO up 0.2% and 1.1%, respectively

* LSEG data

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

May 21 (Reuters) - JK Tyre & Industries Ltd JKIN.NS:

• DIVIDEND 3.5 RUPEESPER SHARE

• JK TYRE & INDUSTRIES MARCH-QUARTER CONSOL NET PROFIT 1.69 BILLION RUPEES VERSUS 1.08 BILLION RUPEES

• JK TYRE & INDUSTRIES MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 36.98 BILLION RUPEES VERSUS 36.32 BILLION RUPEES

• IN COMING QUARTERS, CO EXPECTS TO IMPROVE IT’S EXPORT VOLUMES

Further company coverage: JKIN.NS

(([email protected];;))

BENGALURU, May 2 (Reuters) - Indian tyremaker CEAT CEAT.NS reported a lower fourth-quarter profit on Thursday, hurt by higher rubber costs.

WHY IT'S IMPORTANT

CEAT, whose customers include automakers Maruti Suzuki MRTI.NS and Mahindra & Mahindra MAHM.NS, is the first Indian tyremaker to report results this quarter.

CONTEXT

Domestic sales of overall vehicles in India rose more than 20% in the fourth quarter and production climbed more than 21%, according to industry data.

Prices of rubber, a key raw material for tyre manufacturers, rose roughly 10% in the quarter, according to analysts.

BY THE NUMBERS

CEAT's fourth-quarter consolidated net profit fell 18.8% to 1.09 billion rupees ($13.06 million) from a year earlier. Analysts had expected a profit of 1.64 billion rupees, according to LSEG data.

The company's revenue from operations rose 4.1% to 29.92 billion rupees.

CEAT's quarterly expenses rose 3.7% to 27.98 billion rupees, led by a 5.5% climb in raw material costs.

GRAPHIC

(Figures in percentage)

($1 = 83.4550 Indian rupees)

(Reporting by Varun Hebbalalu and Meenakshi Maidas in Bengaluru)

(([email protected]))

April 2 (Reuters) - JK Tyre & Industries Ltd JKIN.NS:

• JK TYRE & INDUSTRIES LTD- GOT TAX DEMAND NOTICE FOR 23.8 MILLION RUPEES, PENALTY OF 25.7 MILLION RUPEES

Source text for Eikon: ID:nBSE24Bgkl

Further company coverage: JKIN.NS

(([email protected];))

** Indian tyre-makers' margins to face pressure from spike in rubber prices, Nomura says; remains cautious on sector

** Brokerage says domestic natural rubber prices jumped 23% QoQ as of Monday; international prices surged 66%

** Nomura flags 200 bps impact on Q3 gross margins based on current domestic prices

** Impact will likely be seen in Q1, Q2 FY25 - brokerage

** "We believe companies will try to take price hikes to pass on a part of the cost, but this might be difficult and take some time in segments such as truck-bus, where we expect demand to be weak in the near term," Nomura says

** Apollo Tyres APLO.NS, JK Tyre JKIN.NS, CEAT CEAT.NS, MRF MRF.NS all posted Q3 profit jump

** Shares of all four last down between 0.1% and 2.8%

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

** Shares of JK Tyre & Industries JKIN.NS are down ~5% at 417 rupees, hitting their lowest level since Jan. 18, 2024

** The tyre manufacturer said it received tax notice of 87.8 mln rupees ($1.1 million)

** Separately, co's unit received tax notice of 50.3 mln rupees

** In 2024, stock has marginally outperformed peers

** JKIN up ~5% YTD, vs a ~2 rise in both Ceat CEAT.NS and Apollo Tyres APLO.NS

($1 = 82.9080 Indian rupees)

(Reporting by Nishit Navin)

(([email protected];))

March 15 (Reuters) - JK Tyre & Industries Ltd JKIN.NS:

• UNIT GETS SHOW CAUSE NOTICE FROM GST AUTHORITY

• ORDER FOR TRANSITIONAL CREDIT ON CAPITAL GOODS AMOUNTING TO 50.3 MILLION RUPEES

Source text for Eikon: ID:nBSEc3TSXk

Further company coverage: JKIN.NS

(([email protected];))

** Tyre maker CEAT CEAT.NS to report single-digit percentage revenue growth in FY25, helped by growth across segments such as OEM and export - Nuvama

** CEAT last down 0.3% at 2,885 rupees, trading between gains of 2.6% and loss of 1.2% from last close

** Adds CEAT focusing on EV tyres with platform-wins in two-wheeler, passenger vehicle and commercial vehicle segments

** Stable growth outlook for domestic OEMs, increase in replacement demand and softening raw material prices, should lead to margin expansion in FY24 - Motilal Oswal

** Nomura expects CEAT to report ~8% revenue CAGR over FY24-26 led by double-digit growth in exports, but partly offset by single-digit growth in OEMs and replacement

** Avg recommendation on CEAT and Apollo Tyres APLO.NS is 'buy', JK Tyre JKIN.NS has 'hold', MRF MRF.NS rated 'sell' - LSEG data

** Median target price on CEAT is 2,980 rupees - LSEG

** CEAT up ~19% YTD vs Nifty auto index's .NIFTYAUTO 13.5% rise

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))

** Shares of JK Tyre & Industries Ltd JKIN.NS rise as much as 2.6% to 515.95 rupees

** Emkay Global retains "buy" on co; TP of 700 rupees unchanged

** Management at investor meeting said, co accelerating focus on high-growth, high-margin passenger car radial (PCR) tyres via well-timed capex, largely in the sports utility vehicle tyres segment

** Co expects shift in buying preferences, along with fleet management solutions to act as an incremental growth lever - Emkay

** "Sustained margins and accelerated deleveraging to drive re-rating," says Emkay

** YTD JKIN shares up 28.7%

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

BENGALURU, Feb 9 (Reuters) - Indian tyre maker MRF MRF.NS reported a three-fold rise in third-quarter profit on Friday, helped by an uptick in two-wheeler sales.

MRF, the country's top tyre maker and the most expensive stock, said its profit from continuing operations for the three months ended Dec. 31 rose to 5.08 billion rupees (around $61 mln) from 1.69 billion rupees.

The results are largely in line with those of other tyre makers, who reported profits that grew between 70% and 400%.

Analysts said MRF, unlike fierce competitors JK Tyre JKIN.NS and CEAT CEAT.NS, had not been able to hike prices during the quarter. Instead, the company benefited from a rebound in two-wheeler sales and replacement demand, a key sales driver for tyre makers in the country.

Two wheeler sales were up around 23% year-on-year in the third-quarter, the fastest growth so far this fiscal, helped by a revival in rural demand.

This helped it make up for sluggish sales in the bus and truck segments, in which MRF has a higher exposure compared to rivals, and drove revenue up an industry-leading 9.3%.

"It would be tough for the industry to hike prices easily going ahead due to major raw material basket inflation and thus result in margin mean reversion," ICICI Securities said in a note in late December.

Total expenses rose a modest 1%, with raw material costs dipping slightly.

The company's shares, which have been near record levels for the last few months, were down 1% earlier in the session and fell 3% after the results.

($1 = 82.9875 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman )

(([email protected]; Mobile: +91 9591011727;))

Feb 6 (Reuters) - JK Tyre & Industries Ltd JKIN.NS:

• JK TYRE & INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 2.21 BILLION RUPEES VERSUS PROFIT 655.9 MILLION RUPEES

• JK TYRE & INDUSTRIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 36.88 BILLION RUPEES VERSUS 36.13 BILLION RUPEES

• JK TYRE & INDUSTRIES LTD - INTERIM DIVIDEND 1 RUPEE PER SHARE

Source text for Eikon: [ID:]

Further company coverage: JKIN.NS

(([email protected];;))

Jan 1 (Reuters) - JK Tyre & Industries Ltd JKIN.NS:

• JK TYRE SUCCESSFULLY RAISED 5 BILLION RUPEES THROUGH QIP

• QIP WAS PRICED AT 345 RUPEES PER SHARE

Source text for Eikon: ID:nBSE8WDW2C

Further company coverage: JKIN.NS

(([email protected];))

Dec 22 (Reuters) - JK Tyre & Industries Ltd JKIN.NS:

• APPROVED ISSUE PRICE TO QUALIFIED INSTITUTIONAL BUYERS AT 345 RUPEES PER SHARE

Further company coverage: JKIN.NS

(([email protected];))

** Shares of JK Tyre & Industries JKIN.NS up nearly 12% to all-time high

** Co seeks shareholder approval to raise funds of 5 bln rupees ($60 mln) via qualified institutional placement (QIP)

** Trading volume nearly 6x its 30-day moving avg

** Avg rating of four analysts on JKIN at "hold"; median PT is 396 rupees vs current price of 391.25 rupees - LSEG data

** Including session's move, stock more than doubled so far this year

($1 = 83.0229 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Shares of JK Tyre & Industries JKIN.NS rise as much as 14% to record high of 351.3 rupees

** Stock set to rise for a sixth straight session, if gains hold

** Co said its Sept-qtr consol net profit jumped nearly 5 times to 2.42 bln rupees ($29.09 million), rev from ops rose 3.8%

** More than 6.6 mln shares change hands by 9:48 a.m. IST, 2.2x 30-day avg

** JKIN last up 8.9%, extending YTD gains to ~82%

($1 = 83.1840 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected] ;))

Nov 1 (Reuters) - JK Tyre & Industries Ltd JKIN.NS:

• INDIA'S JK TYRE & INDUSTRIES LTD SEPT-QUARTER CONSOL NET PROFIT 2.42 BILLION RUPEES VERSUS PROFIT 513.1 MILLION RUPEES

• JK TYRE & INDUSTRIES LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 38.98 BILLION RUPEES VERSUS 37.57 BILLION RUPEES

Source text for Eikon: ID:nBSE1kt07r

Further company coverage: JKIN.NS

(([email protected];))

** Shares of India's JK Tyre JKIN.NS rise as much as 7.7% to 272.30 rupees

** Emkay Global analysts initiated coverage on tyre maker with "buy" and 12 month target price (TP) of 415 rupees, a 44% premium from current price of 286.65 rupees

** Says JKIN has been outperforming peers over past 12 qtrs,

** Better competitive standing, premiumization efforts, cost controls to drive FY26 margins to 14% from 12% in Q1 - brokerage

** Says JKIN's stock price can potentially double over 3 years

** About 2.3 mln shares change hands as of 11:33 a.m. IST, 2x 30-day avg

** YTD JKIN shares up 57%, outperforming 13% gains in Nifty 500 index .NIFTY500

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 8061822737); Reuters Messaging: [email protected]))