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JK Tyre & Industries reports 14% fall in Q2 consolidated net profit

10 Nov 2016 Evaluate

JK Tyre & Industries has reported results for second quarter ended September 30, 2016.    

The Company has reported 27.06% fall in its net profit at Rs 82.10 crore for the quarter under review as compared to Rs 112.56 crore for the same quarter in the previous year. Total income of the Company decreased by 4.08% at Rs 1601.38 crore for the quarter under review as compared Rs 1669.50 crore for the corresponding quarter previous year.        

On the consolidated basis, the company has reported 13.54% fall in its net profit after taxes, minority interest and share of profit of associates at Rs. 100.15 crore for the quarter ended September 30, 2016 as compared to Rs. 115.84 crore for the same quarter in the previous year. Total Income of the company has increased by 5.26% to Rs. 2077.24 crore for quarter under review from Rs 1973.51crore for the quarter ended September 30, 2015.

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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