Key Financial Figures (Consolidated)
Income Statement Highlights (₹ in Crores)
- Total Income: ₹3,955.66 crore for Q1 FY27
- Operating Profit (PBIDT): ₹267.64 crore
- Profit Before Exceptional Items and Tax: ₹42.91 crore
- Exceptional Items: Gain of ₹10.85 crore (including foreign exchange gain of ₹17.91 crore, VRS expense of ₹4.31 crore, and stamp duty expense of ₹2.75 crore)
- Profit Before Tax: ₹53.76 crore
- Tax Expense: ₹(3.58) crore current tax and ₹14.63 crore deferred tax
- Profit After Tax: ₹44.09 crore
- EPS (Basic & Diluted): ₹1.55 per share of ₹2 face value
Comparative Performance (Consolidated)
| Particulars | Q1 FY27 (30.06.2026) | Q4 FY26 (31.03.2026) | Q1 FY26 (30.06.2025) |
| Total Income | 3,955.66 | 4,232.83 | 3,890.57 |
| Operating Profit | 267.64 | 546.46 | 423.76 |
| Profit Before Tax | 53.76 | 276.51 | 208.07 |
| Profit After Tax | 44.09 | 177.96 | 163.35 |
| EPS (₹) | 1.55 | 6.25 | 5.74 |
Segment Performance Analysis
Revenue by Geography (₹ in Crores)
- India: ₹3,924.46 crore (98.2% of total segment revenue)
- Mexico: ₹89.28 crore (2.2% of total segment revenue)
- Others: ₹0.90 crore (0.02% of total segment revenue)
- Total Segment Revenue: ₹4,014.64 crore
- Inter-segment Sales: ₹(68.40) crore
- Income from Operations: ₹3,946.24 crore
Segment Results (Profit/Loss before Finance Costs, Exceptional Items & Tax)
- India: ₹187.61 crore profit
- Mexico: ₹(45.83) crore loss
- Others: ₹0.21 crore profit
- Total Segment Results: ₹141.99 crore
Capital Employed (Segment Assets - Segment Liabilities)
- India: ₹4,914.94 crore
- Mexico: ₹1,150.50 crore
- Others: ₹70.76 crore
- Total Capital Employed: ₹6,136.20 crore
Standalone Financial Performance (₹ in Crores)
- Operating Profit (PBIDT): ₹293.03 crore
- Profit Before Tax: ₹97.52 crore
- Profit After Tax: ₹72.54 crore
Exceptional Items Breakdown
For the quarter ended 30th June 2026, exceptional items include:
- Foreign exchange gain of ₹17.91 crores (consolidated) / ₹12.02 crores (standalone)
- VRS expense of ₹4.31 crores
- Stamp duty expense of ₹2.75 crores pursuant to the Scheme of Amalgamation of Cavendish Industries Ltd (CIL) with the Company
Operational Challenges
The operations at JK Tornel, Mexico were impacted during the quarter due to:
- Ongoing geopolitical disruptions resulting in constrained availability of key inputs
- Productivity enhancement negotiations with workers resulting in industrial relations issues (since resolved)
Management Commentary
Dr. Raghupati Singhania, Chairman & Managing Director, stated:
- Consolidated turnover of ₹3,956 Crore supported by strong demand momentum
- Domestic volumes grew 25% YoY across replacement (12%) and OE markets (42%)
- Raw material prices increased sharply due to West Asia crisis, impacting gross and operating margins
- Approximately 70% of tyre industry raw materials are petro-based, making it vulnerable to oil price movements
- Company aims for double-digit revenue growth in FY27 with improved profitability through strategic expansions
Corporate Developments
- Scheme of Amalgamation of Cavendish Industries Ltd (CIL) with the Company effective from 22nd December 2025 (appointed date 1st April 2025)
- Comparative financial information for quarter ended 30th June 2025 has been restated to give effect to the Scheme
- Company adjudged 'Best in Class' ESG rating for the 3rd consecutive year
- Recognized as 'One of the Best Workplaces in the Auto and Auto Components Industry' 2026
Audit and Compliance
- Results reviewed by Audit Committee on 6th August 2026
- Approved by Board of Directors on 7th August 2026 at Udaipur
- Limited Review conducted by Lodha & Co LLP, Chartered Accountants
- Financial results include 8 subsidiaries (incorporated outside India) not reviewed by the auditors, representing total revenue of ₹146.94 Crores and net loss of ₹(33.53) Crores
Capital Structure
- Paid-up Equity Share Capital: ₹57.66 crore (Face Value: ₹2 per share)
- Other Equity excluding Revaluation Reserve: ₹6,003.16 crore