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JK Tyre share gains 6% after firm logs Rs 189-crore profit in Q4
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JK Tyre shares jump over 6% on reporting strong March quarter earnings
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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.
JK Tyre and Industries on Wednesday reported a consolidated profit after tax of Rs 194.96 crore for the March quarter of the previous fiscal against a consolidated loss of Rs 52.78 crore in the year-ago period. Revenue from operations in the quarter under review rose by 63.21 per cent to Rs 2,927.28 crore compared to Rs 1,792.56 crore in Q4FY20, the company said. For the fiscal 2020-21, profit after tax grew more than two-folds to Rs 330.93 crore over Rs 141.31 crore in FY20. The revenue from operations in the previous fiscal grew 4.35 per cent to Rs 9,102.20 crore against 8,722.70 crore logged in the year ended March 31, 2020.
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