JK Tyre & Industries has reported results for first quarter ended June 30, 2015.
The company has reported over two and a half fold jump in its net profit at Rs 104.86 crore for the quarter ended June 30, 2015 as compared to Rs 38.98 crore for the same quarter in the previous year. The company’s total income has decreased by 4.14% to Rs 1504.91 crore for the quarter under review, from Rs 1569.95 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported over two fold jump in its net profit after taxes and share of profit of associates at Rs 118.12 crore for the quarter ended June 30, 2015 as compared to Rs 55.44 crore for the same quarter in the previous year. Total income of the company has decreased by 4.68% at Rs 1780.38 crore for quarter under review as compared to Rs 1867.75 crore for the quarter ended June 30, 2014.