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JK Tyre & Industries consolidated net profit declines 28.06% in the March 2017 quarter

Capital Market 

Sales rise 24.40% to Rs 2131.14 crore

Net profit of JK Tyre & Industries declined 28.06% to Rs 88.80 crore in the quarter ended March 2017 as against Rs 123.43 crore during the previous quarter ended March 2016. Sales rose 24.40% to Rs 2131.14 crore in the quarter ended March 2017 as against Rs 1713.13 crore during the previous quarter ended March 2016.

For the full year,net profit declined 19.67% to Rs 375.40 crore in the year ended March 2017 as against Rs 467.31 crore during the previous year ended March 2016. Sales rose 9.32% to Rs 7459.02 crore in the year ended March 2017 as against Rs 6823.09 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales2131.141713.13 24 7459.026823.09 9 OPM %9.3915.98 -15.1816.37 - PBDT133.38216.69 -38 757.48888.42 -15 PBT61.33156.14 -61 466.16672.29 -31 NP88.80123.43 -28 375.40467.31 -20

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 16 2017. 14:23 IST
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