JK Tyre & Industries has reported nearly seven-fold increase in its standalone net profit for the fourth quarter ended March 31, 2012 at Rs 86.34 crore. The company had posted a net profit of Rs 12.46 crore in the corresponding period last year.
The standalone total income went up by 13.16% to Rs 1,523.55 crore in the fourth quarter of last fiscal from Rs 1,346.35 crore in the year-ago period.
For the entire 2011-12 financial year, JK Tyre & Industries posted a consolidated net loss of Rs 31.99 crore as against a net profit of Rs 65.91 crore in the previous fiscal.
However, the consolidated total income during FY12, however, rose by 16.20% to Rs 6,947.10 crore from Rs 5,978.77 crore in FY11.
