JK Tyre & Industries standalone net profit declines 32.77% in the March 2017 quarter

Sales rise 10.26% to Rs 1614.95 crore

Net profit of JK Tyre & Industries declined 32.77% to Rs 71.01 crore in the quarter ended March 2017 as against Rs 105.63 crore during the previous quarter ended March 2016. Sales rose 10.26% to Rs 1614.95 crore in the quarter ended March 2017 as against Rs 1464.70 crore during the previous quarter ended March 2016.

For the full year,net profit declined 21.76% to Rs 332.13 crore in the year ended March 2017 as against Rs 424.49 crore during the previous year ended March 2016. Sales rose 2.65% to Rs 5910.52 crore in the year ended March 2017 as against Rs 5758.01 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales1614.951464.70 10 5910.525758.01 3 OPM %5.4216.21 -12.6217.36 - PBDT66.23184.68 -64 538.04785.88 -32 PBT22.00137.13 -84 354.46613.58 -42 NP71.01105.63 -33 332.13424.49 -22

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