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JK Tyre & Industries Ltd Q1FY24; 354% rise in Profits

JK Tyre & Industries is the flagship company of the JK group which is headed by Dr R P Singhania as its chairman and managing director. It is a one of the leading tyre manufacturers in India and amongst the top 25 manufacturers in the world with a wide range of products catering to diverse business segments that includes Truck/Bus, LCV (Light commercial vehicles), Passenger Cars, MUV (Multi utility vehicles) and Tractors.

Financial Results:

  • JK Tyre & Industries Ltd reported Revenues for Q1FY24 of ₹3,718.00 Crores up from ₹3,643.00 Crore year on year, a rise of 2.06%.
  • Total Expenses for Q1FY24 of ₹3,489.00 Crores down from ₹3,558.00 Crores year on year, a fall of 1.94%.
  • Consolidated Net Profit of ₹159.00 Crores up 354.29% from ₹35.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹6.25, up 313.91% from ₹1.51 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: tyres
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