JK Tyre & Industries posts Q4 net profit of Rs 137.18 cr
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The company reported standalone net profit during the quarter stood at Rs 137.18 crore compared to net loss of Rs 8.13 crore in the previous year quarter. Net revenue of the company rose substantially by 49.68 per cent at Rs 2,022.82 crore in January-March quarter of this fiscal as against Rs 1,351.42 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 41.52 per cent to Rs 1,721.34 crore from Rs 1,216.30 crore in year ago period. Other Income grew by 71.52 per cent at Rs 14.03 crore versus (Mar'20 Rs 8.18 crore).
Operating Profit surged by 123.12 per cent to Rs 301.48 crore as against Rs 135.12 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 49.00 per cent in March quarter. Interest declined by 33.07 per cent y-o-y to Rs 56.79 crore, while Taxation increased by 1036.15 per cent at Rs 73.02 crore (Mar'20 Rs -7.80 crore).
