The company had posted a net profit of Rs 76.45 crore during the same period of previous fiscal.
Net sales of the company, however, declined to Rs 1,790.91 crore from Rs 1,858.68 crore during the same period of previous fiscal, JK Tyre & Industries said in a statement.
"The company continues to improve its operational performance despite the challenges of unbridled cheap Chinese imports and slow pick-up of auto industry," JK Tyre & Industries Chairman and Managing Director Raghupati Singhania said.
"This will further strengthen company's leadership position including its strategic entry into the fast growing 2-3 wheeler tyre segment," Singhania said.
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JK Tyre is in the process of expanding production capacity at its Chennai facility. The company has earmarked an amount of Rs 1,430 crore for the plant, out of which it has already invested around Rs 1,000 crore.
The remaining amount would be invested before March 31, 2016, said Arun K Bajoria, President, International Operations, JK Tyre & Industries.
"The capacity expansion at Mexico would be completed by the end of this year," he added.
Shares of JK Tyre today ended at Rs 105.70 apiece on the BSE, up 0.71 per cent from previous close.