We expect strong pent-up demand in the second quarter
Dalal Street Investment Journal|June 21, 2021
We expect strong pent-up demand in the second quarter
Sanjeev Aggarwal
We expect strong pent-up demand in the second quarter

What effective measures and initiatives did JK Tyre take to reduce the impact of the pandemic?

Well, the pandemic has posed the most challenging scenario to the global and Indian economies. The nation was under complete lockdown during the first quarter of FY 2021. We immediately swung into action to take care of our employees and our businesses. During these unprecedented difficult times, we focused on maintaining sufficient liquidity and conserving cash through faster conversion of working capital. Our priority was to ensure the safety and security of our employees and we worked out a mitigation plan, re-visited our systems and processes, increased communication with our customers and channel partners, initiated digitalization practices across operations, focused on improving operational efficiencies and worked towards leaner cost structures.

Which factor has contributed the most in delivering multi-fold growth in PBT and PAT on a year-on-year basis in Q4FY21?

This story is from the June 21, 2021 edition of Dalal Street Investment Journal.

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This story is from the June 21, 2021 edition of Dalal Street Investment Journal.

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