JK Tyre Q1 net up marginally at Rs 20 cr

The total income, however, rose by 17.59 per cent during the quarter at Rs 851.94 crore as against Rs 724.51 crore in the corresponding period last year, the tyre manufacturer said in a statement.

"The company continues to sustain its pace of growth with both sales and profits improving. With acquisition of Tornel Group and implementation of expansion projects by year-end, growth will get further accelerated," JK Tyre & Industries Vice Chairman and Managing Director Raghupati Singhania said.

Earlier last month, the company announced the completion of its acquisition of Mexican tyre firm Tornel for Rs 270 crore.