In conversation with CNBC-TV18, AK Bajoria, President & Director of the company, said the JK Tyre has shown a 5 percent growth. It has achieved reasonable results and going forward he hopes the company does better.
While margin may stay slightly under pressure, AK Bajoria, Director & President (International Operations), expects double-digit revenue growth in FY17.
AK Bajoria, President and Director, JK Tyre says tyre imports into India amounts to 25-30 percent in the truck/bus radial segment and upto 45 percent in the passenger car space.
JK Tyre & Industries reported 55.53 percent jump in consolidated net profit at Rs 91.81 crore for the third quarter ended December 31, 2014, on account of company's focus on radial tyres.
In an interview to CNBC-TV18, AK Bajoria, President & Director of JK Tyre speaks about the company's quarterly numbers. The management feels that cost cutting in areas of power and fuel improved their margins.