JK Tyre & Industries has reported results for the first quarter ended June 30, 2016.
The company has reported 7.32% fall in its net profit at Rs 100.85 crore for the quarter ended June 30, 2016 as compared to Rs 108.81 crore for the same quarter in the previous year. The company’s total income decreased by 0.74% to Rs 1484.55 crore for the quarter under review from Rs 1495.59 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported 14.36% fall in its net profit after taxes, minority interest and share of profit of associates at Rs 100.26 crore for the quarter ended June 30, 2016 as compared to Rs 117.07 crore for the same quarter in the previous year. However, total Income of the company increased by 0.89% to Rs 1786.77 crore for the quarter under review from Rs 1771.06 crore for the same quarter ended June 30, 2015.
Consolidated financial results published, as opted by the company, include working of Cavendish Industries, acquired on April 13, 2016 which restarted its operations in mid May, 2016.
| Company Name | CMP |
|---|---|
| MRF | 139772.66 |
| Apollo Tyres | 445.30 |
| CEAT | 3713.55 |
| Balkrishna Inds. | 2329.80 |
| JK Tyres & Inds. | 428.30 |
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