JKTYRE2023-10-012023-12-31 JKTYRE2023-10-012023-12-31 JKTYRE2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member JKTYRE2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member JKTYRE2023-12-31 JKTYRE2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue01Member JKTYRE2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue02Member JKTYRE2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue03Member JKTYRE2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue01Member JKTYRE2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue02Member JKTYRE2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue03Member JKTYRE2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults01Member JKTYRE2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults02Member JKTYRE2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults03Member JKTYRE2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults01Member JKTYRE2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults02Member JKTYRE2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults03Member JKTYRE2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets01Member JKTYRE2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets02Member JKTYRE2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets03Member JKTYRE2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member JKTYRE2023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member JKTYRE2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member JKTYRE2023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member JKTYRE2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member JKTYRE2023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member JKTYRE2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member JKTYRE2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member JKTYRE2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member JKTYRE2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 530007 JKTYRE NOTLISTED JK Tyre & Industries Limited Equity 2023-04-01 2024-03-31 2024-02-06 2024-01-29 INR Crores Third quarter 11:30:00 14:45:00 2024-02-06 2024-02-06 Not applicable Geographical 2023-10-01 2023-12-31 Unaudited Consolidated 36877200000.00 126000000.00 37003200000.00 21713200000.00 687000000.00 -188200000.00 3543600000.00 1068600000.00 1109000000.00 5619800000.00 33553000000.00 3450200000.00 -43900000.00 3406300000.00 870100000.00 266300000.00 1136400000.00 0.00 2269900000.00 0.00 0.00 0.00 800000.00 2270700000.00 56300000.00 2327000000.00 2209200000.00 61500000.00 2265500000.00 61500000.00 521400000.00 2 8.47 8.44 0.00 0.00 8.47 8.44 Notes:*Standalone financial information of the Company:(Rs. in Crores) PARTICULARS Quarter Ended Nine Months Ended Year Ended 31.12.2023 30.09.2023 31.12.2022 31.12.2023 31.12.2022 31.03.2023 (Unaudited) (Unaudited) (Unaudited) (Unaudited)(Unaudited) (Audited)Turnover 2574.21 2683.51 2488.28 7720.48 7245.54 9649.44 Operating Profit (PBIDT)373.43 395.21 217.70 1051.43 575.13 806.33 Profit before Tax 250.24 274.90 84.46 677.62 171.87 270.07 Profit after Tax 164.35 179.97 53.71 444.47 116.45 183.77 Standalone Financial Results for the Quarter and Nine months ended 31.12.2023 can be viewed on websites of the Company, National Stock Exchange of India Ltd. and BSE Ltd. at www.jktyre.com, www.nseindia.com and www.bseindia.com respectively.*The Board has declared an interim dividend of Rs.1 per equity share of Rs. 2. each i.e. 50% for FY 2023-24.*The Company operates its business through three operating segments, representing our business on the basis of geographies which are India, Mexico and Others.*Exceptional items include foreign exchange loss of Rs. 3.63 crores & gain of Rs. 1.33 crores and VRS Expense of Rs. 0.76 crore & Rs. 4.22 crores for the quarter and nine months ended 31.12.2023 respectively.*During the quarter, the Company has allotted 1,44,92,749 equity shares of face value of Rs. 2 each to eligible qualified institutional buyers at the issue price of Rs.345 per Equity Share, (including premium of Rs.343 per Equity Share), aggregating to Rs. 500 crores. Pursuant to the allotment of such Equity Shares, the paid-up equity share capital of the Company stands increased from Rs.49.25 crores to Rs.52.14 crores consisting of 26,07,23,629 Equity Shares.*The Competition Commission of India (“CCI”) on 2nd February 2022 had released an Order dated 31st August 2018 for alleged contravention of provisions of the Competition Act, 2002 against the Company, certain other Tyre manufacturers and Automotive Tyre Manufacturers Association. CCI had imposed a penalty of Rs. 309.95 crores on the Company. The Company had filed an Appeal before the Hon’ble National Company Law Appellate Tribunal against the said CCI Order. The NCLAT, through an order dated 1st December 2022, has disposed of the aforementioned appeal, after taking note of the multiple errors in the said CCI Order dated 31st August 2018, and remanded the matter back to the CCI, to re-examine the matter on merits and also to consider reviewing the penalty (if violation is established) in accordance with the provisions of the Competition Act. CCI has since filed an appeal before Hon’ble Supreme Court of India against NCLAT order dated 1st December 2022. Based on legal advice, the Company continues to believe that it has a strong case, and accordingly, no provision has been made in the accounts. The Company strongly reiterates that there has been no wrongdoing on the part of the Company and reassures all the stakeholders that the Company has never indulged in or was part of any cartel or undertook any anti-competitive practices.*The above results have been reviewed by the Audit Committee in the meeting held on 5th February, 2024. Subsequently, the same were approved by the Board of Directors at the meeting held on 6th February, 2024. The auditors of the company have carried out a Limited Review of the same. *Figures for the previous periods have been regrouped / rearranged, wherever necessary. JK Tyre adjudged 'Best in Class' ESG rating from CareEdge for the second consecutive year For JK Tyre & Industries Limited New Delhi Raghupati Singhania 6th February, 2024 Chairman & Managing Director Geographical 2023-04-01 2023-12-31 Unaudited Consolidated 113033300000.00 287200000.00 113320500000.00 65426000000.00 1521300000.00 1940600000.00 10627600000.00 3383200000.00 3247500000.00 17553400000.00 103699600000.00 9620900000.00 -28900000.00 9592000000.00 2643400000.00 582800000.00 3226200000.00 0.00 6365800000.00 0.00 0.00 0.00 -23000000.00 6342800000.00 245800000.00 6588600000.00 6169000000.00 173800000.00 6415100000.00 173500000.00 521400000.00 2 23.73 23.64 0.00 0.00 23.73 23.64 Other Expenses 5619800000.00 Other Expenses 17553400000.00 India 31982100000.00 Mexico 6199400000.00 Others 0.00 India 97088900000.00 Mexico 20148900000.00 Others 0.00 38181500000.00 117237800000.00 1304300000.00 4204500000.00 36877200000.00 113033300000.00 India 4221400000.00 Mexico 301900000.00 Others -4500000.00 India 11887400000.00 Mexico 1129500000.00 Others -12800000.00 4518800000.00 13004100000.00 1068600000.00 3383200000.00 43900000.00 28900000.00 3406300000.00 9592000000.00 India 117685500000.00 Mexico 16914600000.00 Others 624200000.00 135224300000.00 India 79705300000.00 Mexico 9505100000.00 Others 7200000.00 89217600000.00 Re-measurement losses on Defined Benefit Plans & Share of Other Comprehensive Income in Associates -135100000.00 Re-measurement losses on Defined Benefit Plans & Share of Other Comprehensive Income in Associates -219300000.00 -135100000.00 -219300000.00 -42500000.00 -71600000.00 Exchange Differences on Translating the Financial Statements of Foreign Operations 148900000.00 Exchange Differences on Translating the Financial Statements of Foreign Operations 393500000.00 148900000.00 393500000.00 0.00 0.00