The JK CARES package includes continuation of the salary of deceased employees, covering their children's education and medical insurance for their families.
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.
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BusinessToday.In | May 20, 2021 | Updated 10:11 IST
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Indian equity market is likely to open flat today. On Wednesday, Sensex and Nifty snapped their two-session winning streak amid a negative trend in global markets. Sensex gave up the 50,000 mark and ended 290 points lower at 49,902. Nifty fell 78 points to 15,030. Bajaj Finserv was the top loser in the Sensex pack, falling around 2 per cent, followed by HDFC, M&M, Bharti Airtel, UltraTech Cement and Kotak Bank.
JK Tyre share gains 6% after firm logs Rs 189-crore profit in Q4
For the fiscal year 2021, net profit stood at Rs 319.34 crore compared to Rs 150.76 in FY20. Revenue from operations grew 4.5 per cent to Rs 9,145.27 crore from Rs 8,753.29 crore in the previous year
BusinessToday.In | May 20, 2021 | Updated 12:28 IST
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Share of JK Tyre and Industries rose 6 per cent to hit an intraday high of Rs 131.25 after the company reported a consolidated net profit of Rs 189 crore for the quarter ended March 31 against a net loss of Rs 47.20 crore in Q4 FY20.
The stock has gained 157 per cent in one year and risen 68 per cent since the beginning of this year. JK Tyre s share stands higher than 5 day, 10 day, 20 day, 50 day, 100 day, and 200 day moving averages. Market cap of the firm rose to Rs 3,102.51 crore.
JK Tyre registers net profit of Rs 196 crore for March quarter
JK Tyre registers net profit of Rs 196 crore for March quarter
JK Tyre registered a standalone net profit of Rs 137 crore in O4FY21 as opposed to a loss of Rs 8 crore in the same period last year.
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UPDATED: May 19, 2021 22:09 IST
The consolidated net revenues of JK Tyre stood at Rs 9,145 crore up by 4 per cent.
HIGHLIGHTS
The consolidated net revenues stood at Rs 9,145 crore up by 4 per cent.
The net profit for the company stood at Rs 331 crore, an increase of 134 per cent.
The company registered a standalone net profit of Rs 137 crore in O4FY21 as opposed to a loss of Rs 8 crore in the same period last year.