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JK Tyre & Industries reports 55% rise in Q2 consolidated net profit

29 Oct 2015 Evaluate

JK Tyre & Industries has reported results for second quarter ended September 30, 2015.

The company has reported 88.49% rise its net profit at Rs 109.70 crore for the quarter ended September 30, 2015 as compared to Rs 58.20 crore for the same quarter in the previous year. However, the company’s total income has decreased by 1.57% to Rs 1510.93 crore for the quarter under review from Rs 1535.10 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 54.70% rise in its net profit after taxes, minority interest and share of profit of associates at Rs 118.27 crore for the quarter ended September  30, 2015 as compared to Rs 76.45 crore for the same quarter in the previous year. However, total income of the company has decreased by 3.25% at Rs 1814.94 crore for quarter under review as compared to Rs 1875.94 crore for the quarter ended September 30, 2014. 
 

Peers
Company Name CMP
MRF 123112.45
Apollo Tyres 407.50
JK Tyres & Inds. 333.35
Ceat 3302.40
Balkrishna Inds. 2007.05
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