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JK Tyre and Industries reports 79% fall in Q4 consolidated net profit

JK Tyre and Industries has reported results for the fourth quarter and year ended March 31, 2019.

The company has reported a fall of 66.27% in its net profit at Rs 25.84 crore for the quarter ended March 31, 2019 as compared to Rs 76.60 crore for the same quarter in the previous year. However, total income of the company increased marginally by 3.23% at Rs 1,868.29 crore for quarter under review as compared to Rs 1,809.79 crore for the quarter ended March 31, 2018.

On consolidated basis, the company has reported fall of 78.81% in its net profit at Rs 33.66 crore for the quarter ended March 31, 2019 as compared to Rs 158.87 crore for the corresponding quarter in the FY18. However, total consolidated income of the company rose 13.30% at Rs 2,715.95 crore for quarter under review as compared to Rs 2,397.11 crore for the same quarter ended previous year.

For the year ended March 31, 2019, the company has posted around 5-fold jump in its net profit at Rs 204.40 crore as compared to Rs 43.09 crore for the previous year. Total income of company increased 16.32% at Rs 7,689.67 crore for year under review as compared to Rs 6,610.95 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted around 3-fold jump in its net profit at Rs 170.57 crore as compared to Rs 63.32 crore for the previous year. Total income of company increased by 22.34% at Rs 10,452.01 crore for year under review as compared to Rs 8,543.41 crore for year ended March 31, 2018.

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