JK Tyre Q3 results: Net profit grows manifold to Rs 230 crore
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Synopsis
Consolidated sales during the quarter under review touched a record high at Rs 2766 crore, which is an increase of 26% over the year-ago period. Total expenses last quarter rose 13% to Rs 2473 crore. Operating quarter in the period more than doubled to Rs 507 crore.
Related
JK Tyres & Industries Thursday reported consolidated net profit of Rs 230.46 crore for the third quarter ended Dec 31, 2020 on back of a strong recovery in demand in the automotive space aided by a favourable festive season, increased consumer preference for personal mobility solutions, good monsoons and better-than-expected economic revival.