JK Tyre & Industries Ltd. — Earnings Release 2021

Jan 13, 2021

JKTIL:SECTL:SE:2021 13th J anuary 2021

BSE Ltd	I National Stock Exchange of lndia Ltd.
Phiroze Jeejeebhoy Towers,	I Exchange Plaza, C-1, Block- G,
Dalal Street,	I Bandra - Kurla Complex, Bandra(E)
Mumbai-40O 001,	I Mumbai - 400 051.
Through : BSE Listing Centre	I Through : NEAPS
Scrip Code : 530007	Scrip Code : JKTYRE

Dear Sir

Re. lntimation under Regulation 30 of the SEBI (Listing Obligations . : :: . T :.i: :.: :: . :.: : :l :: r :: i:l .:: lt I r.lir 1r:. l: l: . . . . .

We have to inform that Cavendish lndustries Ltd., a subsidiary of JK Tyre & lndustries Ltd., has reported a record performance for Q3:

• i) Sales at Rs. 788 Crores up by 30% ii) EBITDA at Rs. 157 Crores jumps by 128o/o

A copy of the Press Release issued by Cavendish lndustries Ltd. is enclosed.

Thanking You

Yours'faithfully, For JK Tyre & lndustries Ltd.

,ew

(PK Rus Vice President (Legal) & any Secretary

PRESS RELEASEI 13.I.2AI

JK Tyre's subsidiary Cavendish Industries Ltd records - 30"h growth in Sales

	Rs./Crores
Net Revenue	788
EBITDA	157
Profit Before Tax	92

New Delhi. Januarv 13.2021: Cavendish Industries Ltd. (Cavendish), ^a subsidiary of JK Tyre & Industries Ltd. has reported a record performance for Q3:

• i) Sales at Rs.788 crores up by 30%
• ii) EBITDA at Rs.157 crores jumps by 128%

Dr Raghupati Singhania, Chairman, stated "increased volumes in Truck tyres both Radial and Bias, LCV and Agricultural tyres have contributed to higher Sales. Cavendish, during the Qtr, operated all its 3 plants at 95Yo capacity utilization, and also achieved best ever Operating efficiencies on several parameters".

He further mentioned "the demand recovery in the market is quite robust across segments. Larger commercial tyres are also moving well with replacement demand clocking 30% growth and OEMs offtake slowly coming back. cavendish looks forward to sustained improvement in Sales and Profitability in the coming period,,.

About Cavendish Industries Ltd:

cavendish lndustries Ltd. (clL), houses 3 Tyre Business undertakings of Birla Tyres and was acquired by JK Tyre in 2015. The plants are located at Laksar (Haridwar) which manufacture ^a range of tyres, tubes and flaps. with this acquisition, JK Tyre now has 12 tyre plants - 9 tyre plants in lndia & 3 in Mexico.

CIL is a subsidiary of iK Tyre with majority shareholdings through direct holdings and the balance through its subsidiaries & Associates.

For further information, please contact:

Mr Kamal Manik	Mr Sanjeev Aggarwal	Mr Sanjay Sharma
Chief Financial Officer	Chief Financial Officer	Head - Corp Communication
Cavendish lndustries Ltd.	JK Tyre & Industries Ltd.	JK Tyre & Industries Ltd.
Patriot House, 3 BSZ Marg	Patriot House, 3 BSZ Marg	Patriot House,3 BSZ Marg
New Delhi - 110002	New Delhi - 110002	New Delhi- 110002
Phone:0ll -68201112	Phone: 011 - 68201235	Phone: 011 68201365