JK Tyres Subsidiary Cavendish Recorded 112% Growth In Q1 FY22- JK Tyres & industries Ltd. ki subsidiary Cavendish Industries Ltd. ne 112% ki growth record kari in Q1 FY22 on Y-o-Y basis. Net revenues were recorded and that turned to be of Rs.687 crore in Q1 FY22. Earnings before interests, taxes, depreciation and amortization Cavendish industries ke liye rahi at Rs.57 crore in Q1 FY22 and in comparison with Q1 FY21 sales company ne revenue record kiya tha Rs.14 crore. Almost 3 times company ne growth rate experience kiya during Q1 FY22.
JK Tyres Subsidiary Cavendish Recorded 112% Growth In Q1 FY22-
JK Tyre And Cavendish History-
JK Tyre ne Cavendish Industries ko acquire karliya tha last year for Rs.2195 crores, Cavendish ko acquire karne ka JK Tyres ka main aim was to enter the two wheeler and three wheeler market. Cavendish Industries ke currently two manufacturing plants hain located in Laksar and Haridwar.
Dono hee manufacturing plants abb JK Tyres & industries ke ho chuke hain, inn locations par Indian tyre manufacturer develops tyres for trucks, buses, three wheelers and two wheelers. Dono hee plants are state of the art technology with a production capacity of 8.9 million tyres per annum.
Cavendish industries ke yeh dono manufacturing plants kaafi beneficial prove ho rahe hain in terms of taxes, by acquiring both of these plants JK Tyres plan kar raha hain to double up it annual turnover.
On the sales performance of the brand, Dr. Raghupati Singhani, Chairman ka kehna kuch iss prakar hain:“we have put together our efforts to achieve decent revenues and profitability in this challenging market scenario posed by the 2 nd wave of Covid and rising input costs, but for which both revenues and operating margins would have been higher. Nonetheless, we are taking judicious price increase across various product categories to off-set the rising input costs. All the 3 plants continue to operate at high capacity utilisation.
About JK Tyres-
JK Tyres & Industries deal karti hain in paper manufacture, tyres, cement for construction, insurance, agricultural needs, university, automotive related components like V-belts and clinical research organisation. In the tyres segment iss yeh brand raha hain amongst the top 25 tyre manufacturers in the world. It is the only Indian tyre manufacturer to be included in the list of Super brands India in 2019 for the seventh consecutive year, issi ke saath additionally Jk Tyres ko feature kiya gaya tha among India’s best companies to work for in 2019 by Great Place To work.
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