 "JK Tyre Q4 net up 9%")
Net sales, however, declined marginally to Rs 1,481 crore.
The company posted a record profit in a single year during the fiscal year ended March 31, 2016. Its net profit jumped 58% to Rs 401 crore mainly due to low rubber prices.
Net sales for the year declined 4% to Rs 5,813 crore due to six% reduction in prices during the year, the company said.
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