JK Tyre & Industries consolidated net profit declines 78.74% in the March 2022 quarter

Sales rise 13.14% to Rs 3311.83 crore

Net profit of JK Tyre & Industries declined 78.74% to Rs 40.20 crore in the quarter ended March 2022 as against Rs 189.12 crore during the previous quarter ended March 2021. Sales rose 13.14% to Rs 3311.83 crore in the quarter ended March 2022 as against Rs 2927.28 crore during the previous quarter ended March 2021.

For the full year,net profit declined 34.23% to Rs 210.02 crore in the year ended March 2022 as against Rs 319.34 crore during the previous year ended March 2021. Sales rose 31.65% to Rs 11982.96 crore in the year ended March 2022 as against Rs 9102.20 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales3311.832927.28 13 11982.969102.20 32 OPM %6.8815.53 -8.9614.35 - PBDT134.90366.72 -63 690.77883.56 -22 PBT38.78271.06 -86 305.41496.87 -39 NP40.20189.12 -79 210.02319.34 -34

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