JK Tyre s revenue from operations advanced 63 per cent to Rs 2,927.28 crore.
Shares of the country s leading tyre maker JK Tyre and Industries rose as much as 6.2 per cent to hit an intraday high of Rs 131 on the BSE a day after it reported March quarter earnings. JK Tyre reported net profit of Rs 189 crore against loss of Rs 107.80 crore in the corresponding period a year ago. Its revenue from operations advanced 63 per cent to Rs 2,927.28 crore compared with Rs 1,792.56 crore in the same quarter last year.
The business in the March quarter of last year was impacted adversely due to the strict lockdown imposed by the government to curb the spread of Covid-19, JK Tyre said.