Land Rover Defender wins Premium Car Award by ICOTY, pips Mercedes-Benz GLE and BMW 2 Series
Land Rover Defender wins Premium Car Award by ICOTY, pips Mercedes-Benz GLE and BMW 2 Series
The 3rd edition of the Premium Car Award by ICOTY was presented to the new Land Rover Defender, scoring 108 points, followed by Mercedes-Benz GLE with 77 points and BMW 2 Series with 61 points.
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UPDATED: March 1, 2021 12:23 IST
The prices for the Land Rover Defender start at Rs 73.98 lakh (ex-showroom, India) for the Defender 90 and Rs 79.94 lakh (ex-showroom, India) for the Defender 110.
HIGHLIGHTS
The new Land Rover Defender scored 108 points, followed by Mercedes-Benz GLE with 77 points and BMW 2 Series with 61 points.
The sharp rebound in sales from July saw companies untie their purse strings to reward employees. While some stuck to their annual increment cycle with a Covid-induced delay of about a quarter, others have already started with a second round of pay hikes, effective from the upcoming financial year. Here’s what Hyundai, Bajaj Auto, JK Tyre and Ceat are doing
JK Tyres & Industries soared 13.75% to Rs 131.50 after the company s consolidated net profit surged to Rs 230.66 crore in Q3 December 2020 over a net profit of Rs 11.65 crore in Q3 December 2019.
Consolidated net sales jumped 25.9% to Rs 2769.28 crore in Q3 FY21 as against Rs 2199.80 crore in Q3 FY20. This was best ever sales for any quarter. EBITDA doubled to Rs 507 crore in Q3 December 2020. Profit before tax was at Rs 342.97 crore in Q3 December 2020 as against Rs 23.31 crore in Q3 December 2019. Tax expense for the quarter stood at Rs 67.88 crore as against Rs 14.87 crore in Q3 December 2019. The Q3 result was declared after market hours yesterday, 21 January 2021.
JK Tyre Share Price Spikes 12%, Hits 52-week High After Q3 Profit Surges To Rs 230 Crore moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
JK Tyre foresees a sustained sales and profitability during the coming period
Shares of tyre manufacturer JK Tyre Industries rose as much as 15.4 per cent to hit fresh 52-week high of Rs 133.40 on the BSE after it reported strong earnings in quarter ended December 2020. The Delhi-based tyre maker in an exchange filing post market hours on Thursday said that its consolidated profit came in at Rs 224 crore compared with Rs 11 crore during the corresponding period a year ago.
Its revenue from operations climbed 22 per cent to Rs 2,769 crore versus Rs 2,275 crore in the same quarter last year. JK Tyre s earnings before interest, taxes, depreciation, and amortization (EBITDA) or operating profit doubled to Rs 507 crore.