Hot Pursuit

27-Aug-2026, 06:41

JK Tyre & Industries Ltd announced that CARE Ratings Limited (CARE) has reaffirmed the rating of CARE AA- /CARE A1+ on the Long Term/Short Term rating for bank facilities and instruments of the company. Specifically, CARE reaffirmed CARE AA-; Stable for Long Term Bank Facilities, CARE AA-; Stable/ CARE A1 + for Long Term / Short Term Bank Facilities, and CARE A1+ for Short Term Bank Facilities, as well as CARE A1+ for Commercial Paper (a carved-out Long Term / Short Term instrument). The rating reaffirmation reflects the company’s established position in the domestic tyre industry and healthy operational and financial profile, with PBILDT margins expected to remain within 10.0%-11.0% for FY27, despite a moderation to 6.5% in Q1 FY27.