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JK Tyre reports 77% fall in Q3 consolidated net profit

04 Feb 2022 Evaluate

JK Tyre & Industries has reported results for third quarter ended December 31, 2021.

The company has reported a fall of 53.78% in its net profit at Rs 57.91 crore for the quarter under review as compared to Rs 125.29 crore for the same quarter in the previous year. However, total income of the company increased by 15.12% at Rs 2,130.38 crore for Q3FY22 as compared Rs 1,850.61 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 76.60% in its net profit at Rs 53.92 crore for the quarter under review as compared to Rs 230.46 crore for the same quarter in the previous year. Total income of the company increased by 11.09% at Rs 3,083.95 crore for Q3FY22 as compared Rs 2,776 crore for the corresponding quarter previous year.

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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