JKTYRE2023-07-012023-09-30 JKTYRE2023-07-012023-09-30 JKTYRE2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member JKTYRE2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member JKTYRE2023-09-30 JKTYRE2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue01Member JKTYRE2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue02Member JKTYRE2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue03Member JKTYRE2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue01Member JKTYRE2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue02Member JKTYRE2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue03Member JKTYRE2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults01Member JKTYRE2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults02Member JKTYRE2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults03Member JKTYRE2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults01Member JKTYRE2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults02Member JKTYRE2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults03Member JKTYRE2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets01Member JKTYRE2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets02Member JKTYRE2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets03Member JKTYRE2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member JKTYRE2023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member JKTYRE2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member JKTYRE2023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member JKTYRE2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities03Member JKTYRE2023-09-30in-bse-fin:OneReportableSegmentLiabilities03Member JKTYRE2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member JKTYRE2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member JKTYRE2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member JKTYRE2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 530007 JKTYRE NOTLISTED JK Tyre & Industries Limited Equity 2023-04-01 2024-03-31 2023-11-01 2023-10-25 INR Crores Half yearly 13:45:00 16:35:00 2023-11-01 2023-11-01 true Cash Flow Indirect Not applicable Geographical 2023-07-01 2023-09-30 Unaudited Consolidated 38975300000.00 77900000.00 39053200000.00 21993900000.00 433900000.00 915900000.00 3724700000.00 1092200000.00 1080400000.00 6015500000.00 35256500000.00 3796700000.00 -28500000.00 3768200000.00 1035600000.00 230100000.00 1265700000.00 0.00 2502500000.00 0.00 0.00 0.00 -16300000.00 2486200000.00 -79600000.00 2406600000.00 2421100000.00 65100000.00 2341800000.00 64800000.00 492500000.00 2 9.33 9.29 0.00 0.00 9.33 9.29 Geographical 2023-04-01 2023-09-30 Unaudited Consolidated 76156100000.00 161200000.00 76317300000.00 43712800000.00 834300000.00 2128800000.00 7084000000.00 2314600000.00 2138500000.00 11933600000.00 70146600000.00 6170700000.00 15000000.00 6185700000.00 1773300000.00 316500000.00 2089800000.00 0.00 4095900000.00 0.00 0.00 0.00 -23800000.00 4072100000.00 189500000.00 4261600000.00 3959800000.00 112300000.00 4149600000.00 112000000.00 492500000.00 2 15.26 15.21 0.00 0.00 15.26 15.21 Other Expenses 6015500000.00 Other Expenses 11933600000.00 1109200000.00 61859100000.00 4467100000.00 54700000.00 0.00 2532700000.00 52700000.00 0.00 644900000.00 612500000.00 0.00 0.00 681300000.00 1293800000.00 945300000.00 707800000.00 72558100000.00 20823400000.00 109900000.00 25958300000.00 1506200000.00 1031800000.00 0.00 1545700000.00 30151900000.00 743900000.00 4591600000.00 56310800000.00 0.00 0.00 128868900000.00 492500000.00 37145400000.00 37637900000.00 38747100000.00 22425400000.00 0.00 9009100000.00 31434500000.00 1151400000.00 5146600000.00 0.00 0.00 37732500000.00 20977800000.00 20543700000.00 6180300000.00 47701800000.00 4284200000.00 316500000.00 86800000.00 0.00 52389300000.00 0.00 0.00 90121800000.00 128868900000.00 India 33452300000.00 Mexico 7116600000.00 Others 0.00 India 65106800000.00 Mexico 13949500000.00 Others 0.00 40568900000.00 79056300000.00 1593600000.00 2900200000.00 38975300000.00 76156100000.00 India 4494200000.00 Mexico 399000000.00 Others -4300000.00 India 7666000000.00 Mexico 827600000.00 Others -8300000.00 4888900000.00 8485300000.00 1092200000.00 2314600000.00 28500000.00 Notes:*Standalone financial information of the Company:(Rs. in Crores)PARTICULARSQuarter EndedHalf Year EndedYear Ended30.09.2023 30.06.2023 30.09.2022 30.09.2023 30.09.2022 31.03.2023 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Turnover 2683.51 2462.76 2418.08 5146.27 4757.26 9649.44 Operating Profit (PBIDT) 395.21 282.79 180.77 678.00 357.43 806.33 Profit before Tax 274.90 152.48 47.98 427.38 87.41 270.07 Profit after Tax 179.97 100.15 36.07 280.12 62.74 183.77 Standalone Financial Results for the Quarter and Half year ended 30.09.2023 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 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. 1.63 crores & gain of Rs. 4.96 crores and VRS Expense of Rs. 1.22 crores & Rs. 3.46 crores for the quarter and half year ended 30.09.2023 respectively.*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.*Statement of cash flow is attached in Annexure-I.*The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 1st November, 2023. 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 JK Tyre & Industries Ltd., Raghupati Singhania, Chairman & Managing Director New Delhi 1st November, 2023 15000000.00 3768200000.00 6155700000.00 India 110588700000.00 Mexico 17654800000.00 Others 625400000.00 128868900000.00 0.00 128868900000.00 India 79712500000.00 Mexico 10401400000.00 Others 7900000.00 90121800000.00 0.00 90121800000.00 2314600000.00 1053700000.00 -3258800000.00 0.00 0.00 0.00 0.00 0.00 0.00 3600500000.00 0.00 0.00 0.00 2138500000.00 0.00 0.00 0.00 0.00 0.00 -237300000.00 0.00 118000000.00 0.00 -20400000.00 0.00 123400000.00 -17400000.00 100000000.00 0.00 5678800000.00 11864500000.00 0.00 0.00 0.00 1219800000.00 0.00 10644700000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 120400000.00 3662500000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 153000000.00 0.00 -3389100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1151000000.00 5685800000.00 0.00 168100000.00 492500000.00 2318800000.00 0.00 0.00 -7514200000.00 -258600000.00 33300000.00 -225300000.00 1731500000.00 1506200000.00 Re-measurement losses on Defined Benefit Plans and Share of Other Comprehensive Income in Associates -43500000.00 Re-measurement losses on Defined Benefit Plans and Share of Other Comprehensive Income in Associates -84200000.00 -43500000.00 -84200000.00 -14800000.00 -29100000.00 Exchange Differences on Translating the Financial Statements of Foreign Operations -50900000.00 Exchange Differences on Translating the Financial Statements of Foreign Operations 244600000.00 -50900000.00 244600000.00 0.00 0.00