Archive · 19 Nov 2025
JK Tyre to Sell Cavendish Shares, Reports Strong Q2 Results
Tyre maker JK Tyre is selling some of its shares in Cavendish Industries to a private trust for ₹130.64 crore.
In the meantime, JK Tyre has had a great second quarter, with a 64% increase in net profit and a 10.8% increase in revenue.
Their international subsidiaries also did well during this time.
JK Tyre's subsidiary JK Tornel to sell 40 lakh Cavendish Industries shares for ₹130.64 cr
Transaction expected to complete by November 30, 2025
JK Tyre reports 64% jump in Q2 net profit to ₹221 cr
Revenue up 10.8% to ₹4,011 cr, EBITDA up 23.8% to ₹521.5 cr
International subsidiaries contribute to consolidated performance
- Who
- JK Tyre & Industries Ltd and its subsidiary JK Tornel
- What
- Selling Cavendish Industries shares and reporting Q2 results
- When
- Transaction expected to complete by November 30, 2025; Q2 results reported on October 27
- Where
- India and Mexico
- Why
- To raise funds and due to strong business performance
- Shares to be sold
- 40,00,000 equity shares of Cavendish Industries Ltd
- Transaction value
- ₹130.64 crore
- Q2 net profit
- ₹221 crore
- Q2 revenue
- ₹4,011 crore
- Q2 EBITDA
- ₹521.5 crore
- EBITDA margin
- 13%