JK Tyre reports net loss of Rs 21.31 crore in Q3

JK Tyre & Industries Ltd. | Tyres & Allied | Automobiles | BSE: 530007 | NSE: JKTYRE

10 Feb 2012 Evaluate

JK Tyre & Industries has reported a net loss of Rs 21.31 crore for the quarter ended December 31, 2011. The company had posted a net profit of Rs 9.14 crore in the same period last financial year.

The total income during the third quarter, however, went up by 20.69% to Rs 1,422.94 crore from Rs 1,178.99 crore in the year-ago period.

JK Tyre & Industries is the flagship company under the umbrella of JK Organisation. JK Tyre is the pioneer for Steel Radial technology in India. Over the years, the company has expanded and diversified its business portfolio. It has developed into a multi product, multi-location corporate entity.

Peers

Company Name	CMP
MRF	124380.25
Apollo Tyres	412.40
JK Tyres & Inds.	348.60
Ceat	3432.80
Balkrishna Inds.	2171.20
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