The company had reported a net profit of Rs 86.46 crore for the same period of previous fiscal.
Total income of the company, however, increased to Rs 2,135.40 crore for the third quarter as against Rs 1,991.95 crore in the same period of previous financial year, JK Tyre said in a statement.
"A labour restructuring was successfully completed at Tornel, Mexico, which impacted the operations during the quarter, however, will give rich dividends in the coming period," JK Tyre & Industries Chairman & Managing Director Raghupati Singhania said.
Shares of the company today ended 7.6 per cent up at Rs 190.35 on the BSE.
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