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JK Tyre & Industries reports 24% fall in Q2 consolidated net profit

02 Nov 2022 Evaluate

JK Tyre & Industries has reported results for second quarter ended September 30, 2022.

The company has reported fall of 33.68% in its net profit at Rs 36.07 crore for Q2FY23 as compared to Rs 54.39 crore for the corresponding quarter previous year. However, total income of the company increased by 19.23% to Rs 2418.08 crore for the quarter under review as compared to Rs 2028.07 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of 23.63% in its net profit at Rs 49.61 crore for the quarter under review as compared to Rs 64.96 crore for the same quarter in the previous year. However, total income of the company increased by 25.58% to Rs 3764.34 crore for the quarter under review as compared to Rs 2997.59 crore for the same quarter in the 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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