JK Tyre & Industries has reported results for the first quarter ended June 30, 2013.
On standalone basis, the company has posted a rise of 39.78% in its net profit at Rs 34.54 crore for the quarter ended June 30, 2013 as compared to Rs 24.71 crore for the same quarter in the previous year. Total income from operation of the company has increased by 3.97% at Rs 1484.29 crore for quarter under review as compared to Rs 1427.58 crore for the quarter ended June 30, 2012.
On consolidated basis, the company has posted over three fold jump in its net profit after taxes, minority interest and share of profit of associates of Rs 55.26 crore for the quarter ended June 30, 2013 as compared to Rs 16.44 crore for the same quarter in the previous year. Total income from operation has increased by 3.16% at Rs 1876.03 crore for quarter under review as compared to Rs 1818.58 crore for the quarter ended June 30, 2012.
