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JK Tyre on a roll after turnaround Q4 numbers

JK Tyre Share Price JK Tyre March Quarter Earnings (Q4) Profit News: JK Tyre Surges 6% On Reporting Strong March Quarter Earnings

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.

JK Tyre share gains 6% after firm logs Rs 189-crore profit in Q4

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 Representative Image 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 share gains 6% after firm logs Rs 189-crore profit in Q4

JK Tyre share gains 6% after firm logs Rs 189-crore profit in Q4
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