JK Tyre Q2 profit declines 34.5% to ₹110 cr
4 years, 2 months ago

JK Tyre Q2 profit declines 34.5% to ₹110 cr

Live Mint  

JK Tyre and Industries Ltd, one of the country’s largest tyre makers, on Wednesday reported a 35% year-on-year decline in consolidated profit to ₹109.68 crore for the quarter ending 30 September, because of covid -19 related disruptions in India and abroad. The company had reported a net profit of ₹167.7 crore in the corresponding period of the previous year. The New Delhi-based manufacturer, however, returned to profitability, after reporting a loss in the June quarter, as a result of a gradual recovery in sales of automobiles in India and export markets as governments across the globe eased measures put in place to contain the spread of coronavirus to improve economic activity. The operating profit or earnings before interest, tax, depreciation and amortization also jumped by 21% y-o-y to ₹366.69 crore because of the overall improvement in sales and costing cutting measures.

 quarter  profit  yoy  recovery  cr  governments  declines  tyre  sales  110  india  345  crore  q2  reported  jk

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JK Tyre Q1 Results: Net Profit Rises 37% to Rs 211 Crore, Total Income Falls to Rs 3,655 Crore
4 months, 3 weeks ago

JK Tyre Q1 Results: Net Profit Rises 37% to Rs 211 Crore, Total Income Falls to Rs 3,655 Crore

News 18  

JK Tyre & Industries on Saturday reported a 37 per cent year-on-year increase in consolidated net profit at Rs 211 crore in the first quarter ended June 30, 2024. The tyre maker had reported a net profit of Rs 154 crore for the April-June quarter of last fiscal. Total income declined to Rs 3,655 crore for the period under review …

JK Tyre Q2 Results: Net profit surges 371% to ₹242 crore, revenue up 3% YoY
1 year, 1 month ago

JK Tyre Q2 Results: Net profit surges 371% to ₹242 crore, revenue up 3% YoY

Live Mint  

JK Tyre Q2 Results: JK Tyre announced its July-September quarter results for fiscal 2023-24 on Wednesday, November 1, reporting a surge of 371 per cent in consolidated net profit at ₹242 crore, compared to ₹51.31 crore in the corresponding period last year. The leading tyre manufacturer's revenue from operations in the second quarter of current fiscal came in at ₹3,897.53 …

Kotak Securities downgrades 3 Major tyre stocks, citing high crude prices
2 years, 6 months ago

Kotak Securities downgrades 3 Major tyre stocks, citing high crude prices

Live Mint  

The year 2022 was not a favourable start for the majority of industries due to high commodity prices, low demand, high inflation, and high-interest rates, and all of this had impacted the companies' gross margins in the March quarter. Ceat: For the fourth quarter ended March 2022, Ceat reported an 84 per cent drop in consolidated net profit to Rs …

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