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JK Tyre & Industries reports 2-fold jump in Q3 consolidated net profit

15 Feb 2019 Evaluate

JK Tyre & Industries has reported results for third quarter ended December 31, 2018.

The company has reported a rise of 17.48% in its net profit at Rs 34.41 crore for the quarter under review as compared to Rs 29.29 crore for the same quarter in the previous year. Total income of the company increased by 10.78% at Rs 1931.53 crore for Q3FY19 as compared Rs 1743.59 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 2-fold jump in its net profit at Rs 26.68 crore for the quarter under review as compared to Rs 10.97 crore for the same quarter in the previous year. Total income of the company increased by 28.41% at Rs 2741.73 crore for Q3FY19 as compared Rs 2135.10 crore for the corresponding quarter previous year.

Peers
Company Name CMP
MRF 122305.00
Apollo Tyres 403.20
JK Tyres & Inds. 328.65
Ceat 3249.40
Balkrishna Inds. 1985.75
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