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Editor's Choice, National, Tyre Industry

Jk tyre reports 9% growth in net profit in Q4.

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Posted: May 16, 2016 at 5:17 pm   /   by   /   comments (1)

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JK Tyre has reported a 9% growth in net profit for the quarter ended March 31, 2016. The company reported a profit of INR 94 crore during the quarter as compared to INR 86 crore in the corresponding period of previous year. However, there was a marginal decline in company’s net sales owing a 6% reduction in prices during the year 2016..

The company posted a record profit in a single year during the fiscal year ended March 31, 2016. Its net profit jumped 58% to Rs 401 crore mainly due to low rubber prices.

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