JK Tyre & Industries reports 38% fall in Q2 consolidated net profit
22nd Oct 2020

JK Tyre & Industries has reported results for second quarter ended September 30, 2020.

The company has reported 65.14% fall in its net profit of Rs 68.67 crore for the quarter under review as against net profit of Rs 197.01 crore for the same quarter in the previous year. However, total income of the company increased by 7.12% at Rs 1482.15 crore for Q2FY21 as compared Rs 1383.59 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 38.28% fall in its net profit attributable to owners at Rs 104.98 crore for the quarter under review as against net profit of Rs 170.10 crore for the same quarter in the previous year. However, total income of the company marginally increased by 5.77% at Rs 2286.49 crore for Q2FY21 as compared Rs 2161.66 crore for the corresponding quarter previous year.