RACING AHEAD: JK INDUSTRIES LTD
Article Abstract:
JK Industries Ltd (JKIL) has declared its audited financial results for the 15 months period ended March 31, 1998. Its tyre division, JK Tyre, holds the first place among truck/bus tyre manufacturers in India with a market share of 20.5 percent. It achieved a production growth of 7.6 percent in truck/bus tyre segment and 15.8 percent growth in four-wheeler tyre segment in 1997-98. It is also the market leader in passenger radial tyre manufacture with a market share of 32.7 percent. It registered a 47.8 percent growth in car tyres during 1997-98. --------------------------------------------------------- Audited Financial Performance of JK Industries Ltd (Rs in crore) --------------------------------------------------------- Particulars 15 months Annualised ended March 1998 --------------------------------------------------------- Net Sales 1,553.54 1,242.83 --------------------------------------------------------- Total Expenditure 1,347.14 1,077.71 --------------------------------------------------------- Gross Profit before 206.40 165.12 interest, depreciation and tax --------------------------------------------------------- Interest 144.33 115.46 --------------------------------------------------------- Gross Profit before 62.07 49.66 depreciation and tax --------------------------------------------------------- Depreciation 30.55 24.44 --------------------------------------------------------- Provision for tax 5.45 4.36 --------------------------------------------------------- Net Profit 26.07 20.86 --------------------------------------------------------- Paid-up Equity share capital 34.54 - --------------------------------------------------------- Reserves excluding revaluation reserves 358.89 - --------------------------------------------------------- JK Agri-genetics, a division of JKIL, is a market leader in hybrid seeds. JKIL's sugar plant operated at its full capacity during 1997-98. The company has declared a 37.5 percent dividend for 1997-98. (gs)
Comment:
Declares its audited financial results for 15 months period ended 3/31/98, posting net profit of Rs26.07 crore
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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JK INDUSTRIES LTD - 20 YEARS OF PIONEERING LEADERSHIP
Article Abstract:
JK Tyre Ltd, which started operations in December 1997, has shown a compounded annual growth rate of 24.6 percent over the 20 years. It has a 33 percent share of the passenger car tyre market and a 72 percent share of the light commercial vehicle tyre market. Its acquisition of Vikrant Tyres Ltd in 1997-98 has increased its tyre capacity to 40 lakh tyres per annum. The Elastomer & Tyre Research Institute, promoted by JK Tyre, is the only research facility of its kind in the country ad the first institute in Asia to get the ISO 9002 certification in the field of Elastomer and Tyre testing activities. JK Tyre was the first tyre company in the world to get the ISO 9001 certification for its entire operations. (khr)
Comment:
Shows compounded annual growth rate of 24.6% in its 20 years of operations
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
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