JK Tyre & Industries quarterly profit surges 54.7%
Source: IRIS | 29 Oct, 2015, 11.09AM
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| Rating: NAN / 5 stars. |
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JK Tyre and Industries announced a sharp rise in consolidated net profit for the quarter ended September 2015. During the quarter, the profit of the company rose 54.70% to Rs 1,182.70 million from Rs 764.50 million in the same quarter previous year. Revenues for the quarter declined marginally 3.25% to Rs 18,149.40 million, compared with Rs 18,759.40 million for the prior year period. Earnings per share for the quarter stood at Rs 5.00, registering 25.00% growth over previous year period.
| Quarterly Results - Consolidated (Rs in mn) | | As at | Sep - 15 | Sep - 14 | %Change | | Revenues | 18,149.40 | 18,759.40 | (3.25) | | Net Profit | 1,182.70 | 764.50 | 54.70 | | Diluted EPS | 5.00 | 4.00 | 25.00 |
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