JK Tyre profit falls 41% in September quarter on back of rising input costs

JK Tyre’s net profit declined 41 per cent to Rs 64.96 crore for the second quarter ended September on the back of rising input costs. 

Revenue from operations rose 31 per cent to Rs 2,986.66 crore year-on-year. Raghupati Singh­ania, chairman and mana­ging director, said: “The sales in the replacement market registe­red healthy growth whereas institutional sales recorded a quantum jump in the quarter.”