JK Tyre & Industries declines on reporting 37% fall in Q2 consolidated net profit
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JK Tyre & Industries is currently trading at Rs. 145.65, down by 3.95 points or 2.64% from its previous closing of Rs. 149.60 on the BSE.
The scrip opened at Rs. 147.00 and has touched a high and low of Rs. 148.50 and Rs. 140.50 respectively. So far 143701 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 171.60 on 19-Oct-2021 and a 52 week low of Rs. 65.50 on 02-Nov-2020.
Last one week high and low of the scrip stood at Rs. 158.10 and Rs. 140.50 respectively. The current market cap of the company is Rs. 3649.14 crore.
The promoters holding in the company stood at 55.93%, while Institutions and Non-Institutions held 9.07% and 35.00% respectively.
JK Tyre & Industries has reported 20.80% fall in its net profit at Rs 54.39 crore for the quarter ended September 30, 2021 as compared to Rs 68.67 crore for the same quarter in the previous year. However, Total income of the company increased by 36.83% at Rs 2028.07 crore for Q2FY22 as compared Rs 1482.15 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 36.60% in its net profit attributed owners of the parent at Rs 66.56 crore for the quarter ended September 30, 2021 as compared to Rs 104.98 crore for the same quarter in the previous year. However, total income of the company increased by 31.10% at Rs 2997.59 crore for Q2FY22 as compared Rs 2286.49 crore for the corresponding quarter previous year.
