Wealthcreator

KIRLOSBROS

PGEL

COCHINSHIP

FORCEMOT

Let learn about Long base setup .....

Good Morning friends

Good morning

🌱 10. ESG & DIGITAL INITIATIVES - Retained CareEdge ESG 1+ rating - First Indian tyre company to publish Environmental Product Declaration (EPD) for PCR & TBR tyres - Launched AI-powered voice bot for customer engagement - Continued focus on renewable energy and decarbonisation 🎯 11. KEY MANAGEMENT TAKEAWAYS - Demand outlook remains strong across replacement, OEM, and exports - Capacity will not be a constraint despite demand surge - Export diversification reduces US tariff risk - Margin improvement expected to sustain on volume leverage + RM stability - Strong festive demand and GST benefits to support H2 FY26 💡 ONE-LINE SUMMARY - JK Tyre delivered its strongest ever quarter with double-digit volume growth, sharp margin expansion, robust Mexico turnaround, and clear visibility on demand, margins and capacity expansion for FY26–27 Must Join 👇 @Stockupdate9

JK Tyre & Industries Ltd – Q2 FY26 Conference Call Highlights Detailed Investment-Grade Summary | 29 October 2025 🚀 1. MACRO & INDUSTRY COMMENTARY - India remains the fastest-growing major economy, with Q1 FY26 GDP growth at 7.8% and full-year FY26 outlook of ~6.8% - Key positives highlighted: - Softer crude prices - GST reforms - Improving trade balance - Strong infrastructure push and rural demand - GST reduction on tyres: - Tyres: 28% → 18% - Farm tyres: 18% → 5% - Management expects GST cut to boost auto demand by ~8–9% - JK Tyre has passed on 100% GST benefit to customers, improving affordability and replacement demand 📈 2. DEMAND ENVIRONMENT – SEGMENT-WISE - Auto volumes in Q2 FY26 grew ~10% YoY: - Commercial Vehicles: ~9% - Two-wheelers: ~11% - Farm equipment: ~28% - Passenger vehicles: ~2%, with signs of recovery - Forward outlook: - CV & PV: mid-single-digit growth - Farm & 2/3 wheelers: high single-digit growth - EV adoption accelerating alongside ICE vehicles, supported by incentives and new launches - Vehicle exports grew 20%+ YoY, outpacing domestic growth on a QoQ basis 💰 3. FINANCIAL PERFORMANCE – Q2 FY26 - Highest-ever consolidated revenue: ₹4,026 crore (+10% YoY) - EBITDA: ₹536 crore (+21% YoY, +26% QoQ) - EBITDA margin: 13.3% (vs 10.9% in Q1 FY26; +240 bps QoQ) - PAT: ₹223 crore (+54% YoY) - Cash profit: ₹428 crore (+38% QoQ) - EPS: ₹8.08 (vs ₹6.03 in Q1) - Margin drivers: - Higher volumes - Softer raw material prices (RM basket down ~3% QoQ) - Operational efficiencies - No price cuts taken despite RM correction 📦 4. VOLUME GROWTH – KEY OPERATING HIGHLIGHTS - Domestic volume growth: +15% YoY - Export volumes: +13% QoQ, despite US tariff uncertainty - Replacement market: - TBR volumes: +22% YoY - Passenger line: +16% YoY - OEM segments: - Farm tyres OEM: +78% YoY - 2/3 wheeler OEM: +155% YoY - Capacity utilisation: - Consolidated: 88% - Radial tyres: >90% 🌎 5. JK TORNEL (MEXICO SUBSIDIARY) PERFORMANCE - Achieved highest sales in last 6 quarters - Revenue: ₹639 crore (vs ₹505 crore in Q1; +26% QoQ) - EBITDA: ₹49 crore (vs ₹10 crore in Q1; ~5× growth) - EBITDA margin: 7.6% (+560 bps QoQ) - PAT: ₹15 crore - Growth driven by: - Better market coverage - Higher sales to mass merchandisers - Expansion in Brazil & LATAM - US exposure limited: - USA exports only ~3% of total revenue - Volumes successfully diverted to LATAM, Middle East, SE Asia - Capacity: - Installed: 59 lakh tyres - Utilisation: ~80% overall, ~88% in radials - Capacity expansion: ~15%, operational from Q4 FY26 🏗 6. CAPEX & CAPACITY EXPANSION - Total FY26 capex: ~₹1,200 crore - Key projects: - Passenger Car Radial (Banmore, MP): ₹1,025 crore - TBR expansion (Laksar, Uttarakhand): ₹261 crore - All-steel light truck radial (Mysuru): ₹112 crore - New capacities to start production from Q3 FY26, with full ramp-up over 3–6 months - Combined capacity increase: ~12–13% - Mexico capex: USD 21 million, separate, operational from Q1 FY27 💳 7. BALANCE SHEET & CASH FLOW - Net debt (Sep'25): ₹4,201 crore (↑ due to higher inventory build for festive season) - Net debt / Equity: 0.75× - Net debt / EBITDA: 2.5× - Working capital expected to normalise in H2 FY26 - Gross debt increase linked to capex deployment - Balance sheet remains comfortable and well-controlled 📊 8. MARGIN & GUIDANCE OUTLOOK - Raw material prices expected to remain range-bound - No price cuts taken so far - EBITDA margin guidance: 13–15% over next 2–3 quarters - Revenue growth guidance: ~10%+ for FY26 (management maintained guidance despite strong demand) 🔀 9. MARKET MIX & PRODUCT MIX (INDIA) - Market mix: - Replacement: 63% - OEM: 24% - Exports: 13% - Product mix (value terms): - Truck & Bus (TBR + TBB): ~57% - Passenger car radials: ~30% - 2/3 wheelers: ~4% - Non-truck bias: ~10% - Premiumisation trend visible with higher rim-size tyres (16" and above)

6% UP 🙏🏻

NSE:JKTYRE 468 If market recover this stock should shine No buy sell suggestion my side

Bullish on IT after accenture perfornance

Good morning friends

current phase is similar kind of past ?

Look at 2022 dec to march 2023

Same situation ??